Shares of Cipher Mining Inc. (NASDAQ:CIFRW – Get Free Report) were up 1.9% during mid-day trading on Wednesday . The company traded as high as $1.68 and last traded at $1.60. Approximately 6,916 shares changed hands during trading, a decline of 89% from the average daily volume of 63,304 shares. The stock had previously closed at $1.57.
Cipher Mining Stock Performance
The stock’s 50-day moving average price is $1.61 and its 200-day moving average price is $1.48.
About Cipher Mining
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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