MSTR - Cipher Mining: Push To Advance Mining Fleet And Efficiency Will Pay Off
2024-07-11 08:49:53 ET
Summary
- Cipher Mining has outperformed the S&P 500 and Bitcoin in the past year, presenting a buying opportunity.
- The company is expanding its mining fleet and efficiency, with plans to reach 25.1 EH/s by 2025.
- Revenue growth, profitability, and stable balance sheet indicate Cipher Mining is undervalued and a good long-term investment.
Operator of bitcoin mining logistics, Cipher Mining ( CIFR ) has gained 35.06% (YoY) outpacing the S&P500 at 25.19% (YoY). The stock’s rise was almost half the progress made by Bitcoin (BTC) which shot 89.26% over the past year....
Cipher Mining: Push To Advance Mining Fleet And Efficiency Will Pay Off