Cipher Mining selloff brings buying opportunity, says H.C. Wainwright

H.C. Wainwright views the post-earnings selloff in shares of Cipher Mining (CIFR) as an “attractive buying opportunity.” The firm keeps a Buy rating on the shares with an $8 price target Cipher reported solid Q4 financial results and announced incremental steps the company has taken to better position itself to win deals with a hyperscaler over the near term, the analyst tells investors in a research note. H.C. Wainwright views yesterday’s selloff as a buying opportunity, saying Cipher’s fundamentals remain strong.