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Cipher Mining Inc
Company Overview: Cipher Mining Inc. (NASDAQ: CIFR) is a technology company focused on the development and operation of bitcoin mining data centers. The Company, through its subsidiaries, including Cipher Mining Technologies Inc., operates four bitcoin mining data centers in Texas. Its active portfolio and development pipeline will total 2.6 GW across 11 sites.
As per our previous US Daily Report published on ‘CIFR’ on 15th January 2025, Kalkine provided a ‘Speculative Buy’ stance on the stock at USD 4.95 based on “price action, important technical support levels near USD 4.50 -USD 5.00, momentum in the stock over the last month, and technical indicators analysis” and the stock price has now moved by ~15.76% since then.
Noted below are the details of support and resistance levels provided in our previous report:
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