NEW YORK – July 3 – Cipher Mining Inc. saw a remarkable day of trading, with its stock price closing with a significant gain of over 6.5%. The impressive rally signals strong investor confidence and pushed the company’s shares firmly above the $6 threshold.
On Monday, Cipher Mining’s stock concluded the trading session at 0.37 (6.51%) for the day. This bullish performance stands in sharp contrast to its previous close of $5.68, indicating a decisive upward momentum. After-hours trading remained stable, with only a marginal fluctuation, suggesting that the gains were holding steady.
The trading day was characterized by notable volatility and investor enthusiasm. The stock opened at 6.45** before settling. The low for the day was $5.76, showcasing the stock’s ability to maintain its upward trajectory throughout the session.
This recent surge places Cipher Mining in a strong position when viewed against its yearly performance. The stock is trading significantly higher than its 52-week low of $1.86, though it still has ground to cover to reach its 52-week high of $7.99. The company’s market capitalization is listed at 202.84Cr USD (approximately $2.03 billion).
As is common with many growth-focused companies in the technology and crypto-mining sectors, Cipher Mining does not currently have a P/E ratio or offer a dividend yield. Investors will be watching closely to see if this powerful one-day rally can be sustained in the coming sessions.
