Several Bitcoin (CRYPTO: BTC) mining stocks are in the spotlight Wednesday amid positive analyst coverage and an uptick across the broader cryptocurrency market.
What To Know: Cipher Mining Inc (NASDAQ:CIFR) shares are leading the way Wednesday, up approximately 12% at last check, per Benzinga Pro. The stock closed Tuesday up 15.1% after the company announced the closing of a 300 MW data center site in West Texas.
Including the Barber Lake site in West Texas and other recently announced purchases, Cipher said its portfolio is now expected to grow to more than 2.5 GW across 10 sites.
Macquarie analyst Paul Golding initiated coverage on Cipher late Tuesday with an Outperform rating and set a price target of $6. The positive analyst initiation appears to be …
Full story available on Benzinga.com