Cipher Mining (NASDAQ: CIFR) experienced a more than 10% increase in its stock value on Monday after three different analysts raised their price targets on the company. The rise in Bitcoin’s value also contributed to this boost, with the cryptocurrency up by 3% in the previous 24 hours. Analysts from H.C. Wainwright, Keefe, Bruyette & Woods, and Rosenblatt all doubled or significantly increased their price targets on Cipher Mining, citing positive news such as the company’s first high-performance computing co-location contract with Fluidstack. Despite this, the Motley Fool Stock Advisor team did not include Cipher Mining in their list of the 10 best stocks to buy right now.

Read more at Nasdaq: Why Cipher Mining Stock Mashed the Market on Monday