Cipher Mining Inc. (NASDAQ:CIFR – Get Free Report)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $7.11, but opened at $6.57. Cipher Mining shares last traded at $6.7670, with a volume of 6,834,064 shares traded.
Top Cipher Mining Stories
Investors following CIFR have been watching these stories:
- Positive Sentiment: Cipher is expanding its high-performance computing pipeline to 5.9 gigawatts, with hyperscaler agreements and on-site power capabilities. If it converts that pipeline into projects, it could benefit from rising AI infrastructure demand. Cipher Digital Eyes 5.9 GW Pipeline: Can It Unlock Growth?
- Neutral Sentiment: Analyst estimate changes were mixed: Northland raised its FY2026 loss estimate, while HC Wainwright also improved its FY2026 forecast but cut its FY2027 estimate, projecting a $0.26-per-share loss instead of $0.12. HC Wainwright retained its Buy rating. Cipher Mining analyst estimate updates
- Negative Sentiment: Jefferies lowered its price target to $10 from $12, though it kept a Buy rating. Separate reports described pessimistic forecasts from Jefferies and Morgan Stanley, adding to concerns about near-term expectations. Jefferies Financial Group Issues Pessimistic Forecast for Cipher Mining Morgan Stanley Issues Pessimistic Forecast for Cipher Mining
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Citigroup restated a “market outperform” rating on shares of Cipher Mining in a research note on Monday, August 10th. Jefferies Financial Group reduced their price target on Cipher Mining from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday. Sanford C. Bernstein lowered their price target on Cipher Mining from $32.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, November 4th. Cantor Fitzgerald dropped their price objective on Cipher Mining from $19.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday, November 3rd. Finally, Needham & Company LLC cut their price objective on shares of Cipher Mining from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. Fifteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cipher Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.
Read Our Latest Stock Analysis on Cipher Mining
Cipher Mining Stock Performance
The firm has a 50 day moving average of $12.74 and a two-hundred day moving average of $17.31. The stock has a market cap of $3.29 billion, a P/E ratio of -2.34 and a beta of 3.53. The company has a debt-to-equity ratio of 9.10, a quick ratio of 1.69 and a current ratio of 1.69.
Cipher Mining (NASDAQ:CIFR – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03. Cipher Mining had a negative net margin of 742.33% and a negative return on equity of 161.74%. The firm had revenue of $26.70 million during the quarter, compared to the consensus estimate of $39.31 million. During the same period in the prior year, the firm earned $0.10 EPS. The business’s revenue was down 62.8% on a year-over-year basis. On average, research analysts predict that Cipher Mining Inc. will post -0.97 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Cipher Mining by 567.1% during the second quarter. Wellington Management Group LLP now owns 3,985,806 shares of the company’s stock worth $97,652,000 after buying an additional 3,388,359 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Cipher Mining in the 1st quarter valued at $24,486,000. Moore Capital Management LP acquired a new position in shares of Cipher Mining in the 2nd quarter valued at $35,077,000. Troluce Capital Advisors LLC bought a new position in shares of Cipher Mining during the 1st quarter worth about $17,374,000. Finally, Bank of America Corp DE lifted its holdings in shares of Cipher Mining by 237.7% during the 1st quarter. Bank of America Corp DE now owns 1,414,667 shares of the company’s stock worth $18,207,000 after acquiring an additional 995,735 shares during the period. 12.26% of the stock is owned by institutional investors.
Cipher Mining Company Profile
Cipher Mining Inc. is a U.S.-based bitcoin mining company that develops and operates data centers designed to support large-scale mining operations. Its facilities house specialized computing equipment that helps process transactions and secure the Bitcoin network. The company’s operations and development activities are concentrated in the United States, including sites in Texas. Its work includes building and managing mining infrastructure and sourcing the energy and equipment needed to run its facilities.
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