Cipher Mining Inc. (NASDAQ:CIFRW) Short Interest Update

Cipher Mining Inc. (NASDAQ:CIFRW) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 144,636 shares, a growth of 122.2% from the November 30th total of 65,094 shares. Based on an average daily volume of 175,312 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 175,312 shares, the short-interest ratio is currently 0.8 days.

Cipher Mining Stock Down 4.9%

Shares of Cipher Mining stock opened at $4.09 on Friday. The stock’s fifty day moving average is $6.63 and its 200 day moving average is $4.04. Cipher Mining has a one year low of $0.16 and a one year high of $14.48.

Cipher Mining (NASDAQ:CIFRW) last released its quarterly earnings results on Monday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of ($0.14) million during the quarter.

Cipher Mining Company Profile

Cipher Mining Inc operates as a vertically integrated digital asset mining company focused on the design, development and operation of large-scale, high-efficiency Bitcoin mining facilities. Headquartered in Miami, Florida, the company combines in-house engineering, procurement and construction capabilities with dedicated site management to deliver turnkey hosting services for its fleet of proprietary cryptocurrency mining machines.

The company’s core business activities include securing long-term power agreements, deploying custom cooling and electrical infrastructure and optimizing mining operations through real-time performance monitoring.