Cipher Mining (CIFR) Files Mixed Shelf

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Cantor Fitzgerald Reiterates Overweight Rating on Cipher Mining (CIFR)

September 4, 2024 6:34 AM EDT

Cantor Fitzgerald analyst Brett Knoblauch reiterated an Overweight rating and $9.00 price target on Cipher Mining (NASDAQ: CIFR).

The analyst comments "We have updated our model and are reiterating our $9 PT and Overweight rating. CIFR mined 151 Bitcoin during the month of August, a m/m decrease from 169 Bitcoin in July. The decrease was primarily driven by CIFR's participation in demand-response programs as well as the increased network difficulty in the month. CIFR's month-ending operating... More