Royal Bank of Canada Raises Stock Holdings in Cipher Mining Inc. $CIFR

Royal Bank of Canada boosted its position in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 14.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 408,758 shares of the company’s stock after buying an additional 50,654 shares during the quarter. Royal Bank of Canada’s holdings in Cipher Mining were worth $5,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CIFR. Vanguard Group Inc. grew its holdings in Cipher Mining by 43.2% in the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock worth $482,360,000 after acquiring an additional 9,865,533 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Cipher Mining during the third quarter valued at about $70,524,000. Situational Awareness LP grew its stake in shares of Cipher Mining by 82.4% in the fourth quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock worth $154,524,000 after purchasing an additional 4,728,600 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Cipher Mining by 3,718.3% in the 4th quarter. Janus Henderson Group PLC now owns 4,292,790 shares of the company’s stock worth $63,359,000 after buying an additional 4,180,362 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Cipher Mining during the first quarter valued at approximately $9,316,000. Hedge funds and other institutional investors own 12.26% of the company’s stock.

Insiders Place Their Bets

In other Cipher Mining news, CEO Tyler Page sold 112,500 shares of Cipher Mining stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $21.19, for a total value of $2,383,875.00. Following the completion of the sale, the chief executive officer owned 9,084,225 shares of the company’s stock, valued at approximately $192,494,727.75. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Holding Ltd V3 sold 1,800,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $26.62, for a total value of $47,916,000.00. Following the completion of the transaction, the insider owned 59,516,694 shares of the company’s stock, valued at $1,584,334,394.28. This represents a 2.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,145,825 shares of company stock worth $81,741,167 in the last three months. Corporate insiders own 3.09% of the company’s stock.

Key Stories Impacting Cipher Mining

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: HC Wainwright expects Cipher Mining’s losses to narrow significantly through 2027, from projected losses of $0.08 per share in the first quarter to $0.02 in the third quarter, followed by positive EPS of $0.01 in the fourth quarter. The firm maintained its Buy rating and $30 target. Cipher Mining analyst estimates
• Neutral Sentiment: Short-interest data showed zero reported shares sold short and a zero-day short-interest ratio. Because the figures appear anomalous, they provide little useful indication of potential short-covering or selling pressure.
• Negative Sentiment: HC Wainwright cut its 2026 EPS forecast to a $1.44 loss from its prior estimate, including a reduction in third-quarter EPS to a $0.35 loss and fourth-quarter EPS to a $0.16 loss. The firm still retains its Buy rating and $30 target.
• Negative Sentiment: Northland Securities made deeper reductions, lowering its 2026 EPS forecast to a $1.35 loss from a $0.52 loss previously. Its third-quarter estimate fell to a $0.26 loss from $0.11, while its fourth-quarter estimate declined to $0.16 from $0.01.
• Negative Sentiment: The forecast cuts add to concerns following Cipher Mining’s latest quarterly results, which missed both revenue and EPS expectations. A separate valuation report also characterized the shares as still overvalued after a recent decline. Cipher Mining valuation report

Cipher Mining Price Performance

Shares of NASDAQ:CIFR opened at $17.87 on Thursday. Cipher Mining Inc. has a 1-year low of $4.71 and a 1-year high of $30.14. The company has a debt-to-equity ratio of 9.69, a current ratio of 3.00 and a quick ratio of 3.00. The business has a fifty day moving average price of $22.45 and a 200-day moving average price of $19.12. The company has a market capitalization of $7.42 billion, a PE ratio of -6.25 and a beta of 3.20.

Cipher Mining (NASDAQ:CIFR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.40). Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.The firm had revenue of $24.84 million during the quarter, compared to the consensus estimate of $31.86 million. During the same quarter in the previous year, the firm earned ($0.12) EPS. As a group, equities analysts expect that Cipher Mining Inc. will post -1.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CIFR has been the topic of a number of research analyst reports. Morgan Stanley set a $43.50 price objective on shares of Cipher Mining in a research report on Thursday, August 6th. Sanford C. Bernstein initiated coverage on shares of Cipher Mining in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 target price on the stock. Citigroup reiterated a “market outperform” rating on shares of Cipher Mining in a research report on Monday. UBS Group set a $30.00 price target on shares of Cipher Mining in a research note on Monday. Finally, BTIG Research raised their price objective on shares of Cipher Mining from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cipher Mining currently has an average rating of “Moderate Buy” and a consensus target price of $28.61.

About Cipher Mining

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.