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Cipher Mining Inc
Company Overview: Cipher Mining Inc. (NASDAQ: CIFR) is a technology company. The Company is focused on the development and operation of bitcoin mining data centers. The Company, through its subsidiaries, including Cipher Mining Technologies Inc., operates four bitcoin mining data centers in Texas. It is also developing an additional data centre in Winkler County, Texas.
As per our previous US Daily Report published on ‘CIFR’ on 05th December 2024, Kalkine provided a ‘Speculative Buy’ stance on the stock at USD 6.85 based on “decent fundamentals, consistency in net sales, other key financial highlights, the upside indicated by valuation and key risks” and the stock price has now moved by ~6.56% since then and attained resistance 1.
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