5 Most Promising Blockchain Stocks According to Analysts

3. Cipher Mining Inc. (NASDAQ:CIFR)

Latest Analyst Share Price Upside: 100.4%

Cipher Mining Inc. (NASDAQ:CIFR) is a Bitcoin mining data center operator headquartered in New York City. December was a fruitful month for the firm as it bought a 300 megawatt Bitcoin mining site in Texas. Cipher Mining Inc. (NASDAQ:CIFR) expects operations to commence at the site in 2024 after deploying mining rigs.

During 2023’s September quarter, nine out of the 910 hedge funds surveyed by Insider Monkey had invested in Cipher Mining Inc. (NASDAQ:CIFR).

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