Reported about 10 hours ago
Cantor Fitzgerald has reaffirmed its Buy rating on Cipher Mining Inc (NASDAQ:CIFR) and increased the price target from $4 to $6. The firm highlights Cipher Mining's impressive production of 179 Bitcoin in May, resulting in approximately $18.5 million in mining revenue. Positioned as one of the fastest-growing Bitcoin miners, Cipher Mining operates four data centers in Texas, emphasizing its role in enhancing the Bitcoin network's infrastructure. Despite this positive outlook, the report suggests that some AI stocks might offer greater investment potential.
Source: YAHOO