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Cipher Digital Stock Drops 15.7% on Larger Q2 Loss; Bernstein Maintains Outperform Rating at $32

2026-08-05 09:00:47

According to Bernstein, Bitcoin mining firm Cipher Digital's stock price fell 15.7% in recent trading following the company's report of a widened loss in the second quarter. Bernstein maintained its "Outperform" rating on the company with a $32 price target, noting that execution of Cipher's three contracted AI data center projects remains on schedule.

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