Federated Hermes Inc. Purchases 120,629 Shares of Cipher Mining Inc. $CIFR

2026-02-11 10:30:22

Abstract generation in progress

Federated Hermes Inc. significantly increased its stake in Cipher Mining Inc. (CIFR) by over 20,000%, acquiring 120,629 additional shares, bringing its total to 121,227 shares valued at $1.53 million. This comes as analysts maintain a “Moderate Buy” rating for CIFR with a target price of $24.54, despite the company remaining unprofitable and recent insider selling. Cipher Mining also reported beating EPS and revenue estimates in its last quarterly earnings.

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