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Canaccord reiterated a buy rating for Bitcoin mining company Cipher Mining, raising the target price to $16.

Odaily News Wall Street broker Canaccord Genuity reiterated its buy rating on Bitcoin miner Cipher Mining and raised its target price from $12 to $16. The stock rose 1.2% in early trading, reaching around $11.60. It was reported that last week's announcement exceeded expectations as the company signed a protocol with Fluidstack, which is backed by Google, establishing its market position in the “miners shifting to AI” trend. (CoinDesk)

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