Cipher Mining Stock Hits Day High with 7.56% Surge, Intraday Peak at $12.66

Cipher Mining, Inc. has experienced significant activity today, with the stock rising by 7.56% and reaching an intraday high of USD 12.66. This performance stands out against the backdrop of the broader market, as Cipher Mining's one-day performance of 199.03% contrasts sharply with the S&P 500's slight decline of 0.13%.
Over the past week, Cipher Mining has shown remarkable growth, with a 260.41% increase compared to the S&P 500's 1.45%. The company's performance over the past month has been even more impressive, boasting a 315.44% rise against the S&P 500's 2.43%. Year-to-date, Cipher Mining has achieved a 166.81% increase, significantly outpacing the S&P 500's 12.33%.

Despite these gains, the company has faced challenges, reporting negative results for the last three consecutive quarters. Key financial metrics indicate a return on capital employed (ROCE) of -21.39% and a notable increase in raw material costs by 87.74% year-over-year. Cipher Mining operates within the Commercial Services & Supplies industry and has a market capitalization of USD 3,036 million.