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Cipher Mining Soars After Jane Street Discloses 5% Stake

Investors now look to a Nov. 3 earnings update for evidence of operating momentum.

Overview

  • Cipher Mining closed up 19.73% at $20.66 on Friday, approaching its $22.00 52-week high with a market value of $6.79 billion.
  • A regulatory filing showed Jane Street holds a 5% passive stake in the company, totaling 19.68 million shares.
  • Benzinga reported crypto-linked stocks gained with a recent Bitcoin rise, while Insider Monkey cited interest tied to Oracle’s $38 billion data-center expansion announcement.
  • The company said it produced 251 Bitcoins in September versus 241 in August, sold 158 Bitcoins, and lifted its self-operated hash rate to 23.6 EH/s.
  • Cipher has scheduled third-quarter results before the market opens on Monday, November 3, with a conference call to discuss the report.