WULF - Cipher Mining: Liquid And Worth A Look
2024-04-09 11:55:55 ET
Summary
- Cipher Mining Inc. recorded a GAAP profit in the fourth quarter of 2023.
- The Company's balance sheet is strong with ample liquidity, giving it a material competitive advantage.
- The Company has outperformed the Valkyrie Bitcoin Miner's ETF since that ETF's inception.
Introduction
In this article, I continue my coverage of crypto miners by examining Cipher Mining, Inc. ( CIFR ) (the " Company "). Recent articles have covered Bitfarms Ltd. (" BITF ") and TeraWulf Inc. (" WULF ") and, in this article, I will compare the Company to those two competitor miners. In the past, I have also covered Argo Blockchain Ltd . (" Argo ") and hope to post an update article on Argo in the near future....
Cipher Mining: Liquid And Worth A Look