Cipher Mining (NASDAQ:CIFRW) Stock Price Up 4.2% – Here’s What Happened

Cipher Mining Inc. (NASDAQ:CIFRWGet Free Report)’s share price traded up 4.2% during trading on Tuesday . The company traded as high as $1.57 and last traded at $1.50. 42,235 shares traded hands during trading, a decline of 9% from the average session volume of 46,161 shares. The stock had previously closed at $1.44.

Cipher Mining Stock Performance

The firm has a fifty day simple moving average of $1.83 and a two-hundred day simple moving average of $1.50.

Cipher Mining Company Profile

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Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.

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