Bernstein maintains the Cipher Digital "Big Run" rating and the target price of $32

On 5 August, the Bitcoin mining company Cipher Digital ($CIFR) stock price fell by 15.7 per cent, following an increase in the losses disclosed by the company for the second quarter. Bernstein maintained the company's “Outperform” rating and the target price of $32, noting that the implementation of the three contracted AI data centre projects under Cipher remained on track。