Cipher Mining Announces May 2024 Operational Update

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Go back to Cipher Mining Announces May 2024 Operational Update

Cipher Mining (CIFR) PT Raised to $6 at H.C. Wainwright

June 6, 2024 6:01 AM EDT

H.C. Wainwright analyst Mike Colonnese raised the price target on Cipher Mining (NASDAQ: CIFR) to $6.00 (from $5.50) while maintaining a Buy rating.

The analyst comments "2024 EH/s guidance raised by 45%; new outlook is fully funded and largely de-risked. Yesterday, CIFR announced significant upgrade plans for its mining fleet at Odessa and raised its hash rate targets for both 2024 and 2025 after amending a previously announced contract with Bitmain. Key revisions to the contract include an... More