🚀 Cipher Mining (CIFR) Rallies 15.9% – Is More Upward Momentum Coming?
CIFR popped ~16% yesterday, fueled by bullish analyst upgrades (Compass Point target $9, JPM overweight @ $8) and solid mining expansion (Texas, Black Pearl). A $150M convertible note and discounted rigs also underpinned the move.
👍 Bull case:
Growing exahash capacity
Clean energy deals
Strong analyst sentiment
⚠️ Bear case:
Rich 11× P/S valuation
Still unprofitable with negative margins
Market rumors of a potential sale
🤔 What do you think?
Is this a breakout or just hype floating on crypto volatility?
👇 Share your take! #CIFR #CryptoMining #StocksToWatch #Write2Earn