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Benzinga
Benzinga
Business
Henry Khederian

Cipher Mining (CIFR) Stock Hit 52-Week Highs Today: What's Going On?

Cipher CIFR Cipher Mining Mining Arete Research Bitcoin Cipher Mining Inc
People Are Bitcoin Rich But Fiat Poor, Says Saylor

Shares of Bitcoin (CRYPTO: BTC) miner Cipher Mining Inc (NASDAQ:CIFR) are moving Wednesday after Arete Research initiated coverage with a Buy rating, suggesting significant upside from the stock’s current price.

What To Know: Arete Research initiated coverage on Cipher Mining with a Buy rating and set a bullish price target of $24. Cipher shares hit new 52-week highs on Wednesday before pulling back.

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