$CIFR Oct 15 - End of Year Idea and price targets
Hello, giving a small thought on 
CIFR chart.
Recently there was a PIPE unlock that brought this company down to deeply discounted prices. It appears we have bottomed and given the plans this company has for it's hash rate (recent purchase of 28,000-56,000 Bitfury Next Gen Miners for deployment in 2022 and beyond), key hardware partnership with Bitfury, and backing from companies like Fidelity and Morgan Stanley, I see a pretty bright future going into 2022 and beyond for this. Especially if we see Bitcoin continue its breakout into new all time high territory. All of these factors have me thinking we will see this price climb along with overall crypto adoption.
Near term price targets between now and end of year:
PT1: $10.21
PT2: $11.43
PT3: $13.13
Long term Price Targets (assuming a healthy BTC price and successful deployment of its planned 28,000-56,000 Next Gen Miners in 2022 and beyond)
LTPT1: $21.72
LTPT2: $31.97
CIFR chart. Recently there was a PIPE unlock that brought this company down to deeply discounted prices. It appears we have bottomed and given the plans this company has for it's hash rate (recent purchase of 28,000-56,000 Bitfury Next Gen Miners for deployment in 2022 and beyond), key hardware partnership with Bitfury, and backing from companies like Fidelity and Morgan Stanley, I see a pretty bright future going into 2022 and beyond for this. Especially if we see Bitcoin continue its breakout into new all time high territory. All of these factors have me thinking we will see this price climb along with overall crypto adoption.
Near term price targets between now and end of year:
PT1: $10.21
PT2: $11.43
PT3: $13.13
Long term Price Targets (assuming a healthy BTC price and successful deployment of its planned 28,000-56,000 Next Gen Miners in 2022 and beyond)
LTPT1: $21.72
LTPT2: $31.97
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