According to ME News, on August 5 (UTC+8), Bitcoin mining company Cipher Digital's stock price fell 15.7% after reporting an expanded loss for the second quarter. Bernstein maintained its “Outperform” rating and $32 price target for the company, noting that execution progress on Cipher’s three contracted AI data center projects remains on track. (Source: ODAILY)
Cipher Digital Stock Falls 15.7% Amid Larger Q2 Loss; Bernstein Maintains Outperform Rating
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Summary
On August 5 (UTC+8), Cipher Digital’s stock fell 15.7% after the bitcoin miner reported a larger-than-expected Q2 loss. Bernstein maintained its 'Outperform' rating and $32 price target, highlighting progress on three signed AI data center projects. On-chain data reflects mixed sentiment in the digital asset market amid the decline.
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