Cipher Mining price target raised to $30 from $25 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Cipher Mining (CIFR) to $30 from $25 and keeps a Buy rating on the shares. The company’s data center lease revenues are on track to commence in Q4, the analyst tells investors in a research note. The firm remains bullish on Cipher post the Q1 earnings report.