Cipher Mining (NASDAQ:CIFRW) Trading 1.9% Higher – Time to Buy?

Cipher Mining Inc. (NASDAQ:CIFRWGet Free Report) shares shot up 1.9% during trading on Wednesday . The stock traded as high as $1.68 and last traded at $1.60. 6,916 shares were traded during mid-day trading, a decline of 89% from the average session volume of 63,304 shares. The stock had previously closed at $1.57.

Cipher Mining Trading Up 1.9 %

The firm’s fifty day moving average price is $1.61 and its 200-day moving average price is $1.48.

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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