Cipher Digital's stock has dropped 27% since May, underperforming its benchmark. Despite recent earnings misses and volatility, the company trades at a reasonable forward price-to-sales ratio of 8.2x, supported by expected triple-digit revenue growth. The investment thesis remains intact as Cipher Digital is well-positioned to benefit from data center expansion and Bitcoin trends. However, investors should be aware of potential risks and volatility in the long term.
Shares of Bitcoin miners Cipher Mining, MARA, and Riot fell significantly more than Bitcoin itself during a broad market risk-off session. Cipher Mining dropped 6%, while MARA and Riot each declined 4%, compared to a modest 1% dip in Bitcoin's proxy ...
Crypto mining stocks like Cipher Mining and MARA surged 6-8% even as Bitcoin's price fell slightly, signaling a shift in how these companies are valued. Investors are increasingly seeing them as players in AI and high-performance computing infrastruc...
IREN Limited's stock has dropped sharply due to a revenue miss and a large impairment charge related to winding down its Bitcoin mining business. However, top Wall Street analysts remain bullish, with Bernstein setting a $100 price target, reflecting...
