Cipher Mining Inc. (CIFR) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Cipher Mining Inc. faces significant challenges as it will no longer qualify as an ’emerging growth company’ by December 31, 2024, leading to the loss of certain reporting exemptions. This transition could increase compliance costs, potentially impacting their financial results and operational focus. The necessity to adhere to stricter reporting standards may diminish investor appeal, resulting in reduced trading activity and increased stock volatility. Any failure to meet these new requirements could adversely affect the company’s business, share price, and market presence.
The average CIFR stock price target is $7.56, implying 53.35% upside potential.
To learn more about Cipher Mining Inc.’s risk factors, click here.
