The Leverage Shares 2X Long CIFR Daily ETF (NASDAQ: CIFG) is an actively managed fund that seeks two times (200%) the daily percentage change in the price of Cipher Mining Inc. (CIFR) common stock, before fees and expenses. It is built for sophisticated investors and active traders who want amplified exposure to CIFR’s daily moves without using margin or trading derivatives directly. One data provider now lists the underlying company as Cipher Digital Inc., so check the current name when you look the fund up. Because the fund resets its leverage every day, its performance over periods longer than one trading day can differ significantly from simply doubling CIFR’s cumulative return, due to the effects of daily compounding.

Understanding the Underlying: Cipher Mining (CIFR)

CIFR is a Bitcoin mining company focused on building and operating industrial-scale, energy-efficient cryptocurrency mining facilities. Its revenue is tied to bitcoin prices, network difficulty, power costs, and the company’s ability to expand capacity. sofi

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