🟢 Cipher Mining is trading 5.4% up today after Wells Fargo initiated coverage with an Overweight rating

Cipher Mining is trading 5.4% up at $17.86 after Wells Fargo initiated coverage with an Overweight rating and a $25 price target.

• Wells Fargo identified Cipher Mining as a high-risk, high-reward investment.
• Bitcoin is up 1.90% since the prior close, Ethereum 2.02%, and the technology sector 1.56%.
• The analyst action appears to be the primary catalyst, with broader risk appetite providing additional support.