Symbols / CIFR
CIFR Chart
About
Cipher Mining Inc., together with its subsidiaries, develops and operates industrial-scale data centers in the United States. The company was founded in 2021 and is headquartered in New York, New York.
Fundamentals
Scroll to Statements| Sector | Financial Services | Industry | Capital Markets | Market Cap | 6.86B |
| Enterprise Value | 9.10B | Income | -822.24M | Sales | 223.94M |
| Book/sh | 1.99 | Cash/sh | 1.55 | Dividend Yield | — |
| Payout | 0.00% | Employees | — | IPO | — |
| P/E | — | Forward P/E | 27.55 | PEG | — |
| P/S | 30.62 | P/B | 8.73 | P/C | — |
| EV/EBITDA | -50.36 | EV/Sales | 40.66 | Quick Ratio | 0.90 |
| Current Ratio | 3.79 | Debt/Eq | 331.04 | LT Debt/Eq | — |
| EPS (ttm) | -0.17 | EPS next Y | 0.63 | EPS Growth | — |
| Revenue Growth | 41.40% | Earnings | 2026-05-05 | ROA | -9.22% |
| ROE | -108.35% | ROIC | — | Gross Margin | 28.40% |
| Oper. Margin | -4.62% | Profit Margin | 0.00% | Shs Outstand | 395.09M |
| Shs Float | 328.15M | Short Float | 20.38% | Short Ratio | 2.09 |
| Short Interest | — | 52W High | 25.52 | 52W Low | 1.86 |
| Beta | — | Avg Volume | 31.59M | Volume | 4.16M |
| Target Price | $28.14 | Recom | Strong_buy | Prev Close | $17.12 |
| Price | $17.36 | Change | 1.37% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$28.14
Mean price target
2. Current target
$16.64
Latest analyst target
3. DCF / Fair value
$-83.71
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$16.64
Low
$18.00
High
$53.00
Mean
$28.14
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-25 | main | HC Wainwright & Co. | Buy → Buy | $25 |
| 2026-02-25 | main | Needham | Buy → Buy | $22 |
| 2026-01-27 | main | Keefe, Bruyette & Woods | Outperform → Outperform | $22 |
| 2025-12-15 | main | Canaccord Genuity | Buy → Buy | $27 |
| 2025-11-24 | up | JP Morgan | Neutral → Overweight | $18 |
| 2025-11-19 | init | Citizens | — → Market Outperform | $30 |
| 2025-11-05 | reit | BTIG | Buy → Buy | $25 |
| 2025-11-04 | main | Clear Street | Buy → Buy | $34 |
| 2025-11-04 | main | Canaccord Genuity | Buy → Buy | $27 |
| 2025-11-04 | main | Rosenblatt | Buy → Buy | $33 |
| 2025-11-04 | main | Needham | Buy → Buy | $26 |
| 2025-11-04 | main | HC Wainwright & Co. | Buy → Buy | $30 |
| 2025-10-22 | main | Macquarie | Outperform → Outperform | $27 |
| 2025-10-16 | main | Rosenblatt | Buy → Buy | $25 |
| 2025-10-14 | main | BTIG | Buy → Buy | $25 |
| 2025-09-30 | main | Needham | Buy → Buy | $15 |
| 2025-09-29 | main | Macquarie | Outperform → Outperform | $16 |
| 2025-09-29 | main | HC Wainwright & Co. | Buy → Buy | $17 |
| 2025-09-29 | main | Rosenblatt | Buy → Buy | $14 |
| 2025-09-29 | main | Canaccord Genuity | Buy → Buy | $16 |
- Cipher Digital (CIFR) shares trade higher after earnings, bets big on hyperscale future - CoinDesk ue, 24 Feb 2026 14
- CIPHER MINING ($CIFR) Releases Q4 2025 Earnings - Quiver Quantitative ue, 24 Feb 2026 12
- Cipher Mining: Ignore Earnings, Focus On The AI Future (NASDAQ:CIFR) - Seeking Alpha Wed, 25 Feb 2026 13
- HC Wainwright Has Lowered Expectations for Cipher Mining (NASDAQ:CIFR) Stock Price - MarketBeat Wed, 25 Feb 2026 13
- Cipher Mining (CIFR) stock rises premarket as it rebrands to Cipher Digital and leans into data centers - TechStock² Wed, 25 Feb 2026 12
- Cipher Digital Q4 Loss Wider Than Expected, Revenues Down Sequentially - Yahoo Finance Wed, 25 Feb 2026 16
- Cipher Mining (CIFR) Pivot Toward Hyperscale Infrastructure Follows $734M Q4 Net Loss - Finviz Wed, 25 Feb 2026 11
- Cipher Mining (CIFR) Stock Surges 12% Post-Earnings on HPC Pivot, $9.3 Billion Contracts Fuel Rebrand - International Business Times Australia Wed, 25 Feb 2026 07
- Earnings Flash (CIFR) Cipher Mining Posts Full Year 2025 Adjusted EPS $0.06, vs. FactSet Est of $0.32 - marketscreener.com ue, 24 Feb 2026 12
- Cipher Mining prices $2.0B debt to fund Texas high-performance data center - Stock Titan Wed, 04 Feb 2026 08
- Cipher Digital (CIFR) Stock Drops on Earnings Miss as AWS Deal Takes Center Stage - MEXC ue, 24 Feb 2026 20
- Cipher Mining Inc. (CIFR) Reports Q4 Loss, Misses Revenue Estimates - Nasdaq ue, 24 Feb 2026 14
- Citizens reiterates Cipher Mining stock rating on HPC transition - Investing.com Wed, 25 Feb 2026 11
- Cipher Mining (NASDAQ:CIFR) Price Target Lowered to $22.00 at Needham & Company LLC - MarketBeat Wed, 25 Feb 2026 13
- Cipher Mining (CIFR) Jumps 12.5% on Strong Revenues, Business Transition - Finviz Wed, 25 Feb 2026 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 35568 | 552015.0 | — | Sale at price 15.52 per share. | KELLY PATRICK ARTHUR | President | — | 2026-02-17 00:00:00 | D |
| 1 | 35568 | 631688.0 | — | Sale at price 17.76 per share. | KELLY PATRICK ARTHUR | President | — | 2026-01-15 00:00:00 | D |
| 2 | 21821 | 349791.0 | — | Sale at price 16.03 per share. | NEWSOME JAMES E | Director | — | 2025-12-19 00:00:00 | D |
| 3 | 26000 | — | — | Stock Gift at price 0.00 per share. | IWASCHUK WILLIAM | President | — | 2025-12-19 00:00:00 | D |
| 4 | 305707 | nan | — | — | IWASCHUK WILLIAM | President | — | 2025-12-19 00:00:00 | D |
| 5 | 305707 | nan | — | — | KELLY PATRICK ARTHUR | President | — | 2025-12-19 00:00:00 | D |
| 6 | 1019022 | nan | — | — | PAGE TYLER | Chief Executive Officer | — | 2025-12-19 00:00:00 | D |
| 7 | 49867 | 801861.0 | — | Sale at price 16.08 per share. | WILLIAMS WESLEY HASTIE | Director | — | 2025-12-19 00:00:00 | D |
| 8 | 504187 | nan | — | — | IWASCHUK WILLIAM | President | — | 2025-12-15 00:00:00 | D |
| 9 | 35569 | 536381.0 | — | Sale at price 15.08 per share. | KELLY PATRICK ARTHUR | President | — | 2025-12-15 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| TaxEffectOfUnusualItems | 11.59M | 7.90M | 15.15M |
| TaxRateForCalcs | 0.21 | 0.21 | 0.21 |
| NormalizedEBITDA | 5.90M | 2.07M | -104.07M |
| TotalUnusualItems | 55.19M | 37.63M | 72.15M |
| TotalUnusualItemsExcludingGoodwill | 55.19M | 37.63M | 72.15M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -44.63M | -25.78M | -39.05M |
| ReconciledDepreciation | 103.70M | 59.91M | 5.15M |
| ReconciledCostOfRevenue | 121.91M | 106.89M | 748.00K |
| EBITDA | 61.09M | 39.70M | -31.93M |
| EBIT | -42.61M | -20.21M | -37.08M |
| NetInterestIncome | 1.68M | -1.83M | 78.00K |
| InterestExpense | 1.71M | 2.00M | 137.00K |
| InterestIncome | 3.38M | 164.00K | 215.00K |
| NormalizedIncome | -88.24M | -55.51M | -96.05M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -44.63M | -25.78M | -39.05M |
| TotalExpenses | 249.53M | 182.30M | 75.50M |
| TotalOperatingIncomeAsReported | -43.70M | -20.11M | -37.42M |
| DilutedAverageShares | 323.10M | 252.44M | 248.23M |
| BasicAverageShares | 323.10M | 252.44M | 248.23M |
| DilutedEPS | -0.14 | -0.10 | -0.16 |
| BasicEPS | -0.14 | -0.10 | -0.16 |
| DilutedNIAvailtoComStockholders | -44.63M | -25.78M | -39.05M |
| NetIncomeCommonStockholders | -44.63M | -25.78M | -39.05M |
| NetIncome | -44.63M | -25.78M | -39.05M |
| NetIncomeIncludingNoncontrollingInterests | -44.63M | -25.78M | -39.05M |
| NetIncomeContinuousOperations | -44.63M | -25.78M | -39.05M |
| TaxProvision | 318.00K | 3.57M | 1.84M |
| PretaxIncome | -44.32M | -22.21M | -37.21M |
| OtherIncomeExpense | 52.26M | 35.08M | 35.18M |
| OtherNonOperatingIncomeExpenses | -2.54M | -17.00K | |
| SpecialIncomeCharges | 0.00 | -1.47M | |
| WriteOff | 0.00 | 1.47M | |
| EarningsFromEquityInterest | -384.00K | -2.53M | -36.97M |
| GainOnSaleOfSecurity | 55.19M | 37.63M | 73.61M |
| NetNonOperatingInterestIncomeExpense | 1.68M | -1.83M | 78.00K |
| InterestExpenseNonOperating | 1.71M | 2.00M | 137.00K |
| InterestIncomeNonOperating | 3.38M | 164.00K | 215.00K |
| OperatingIncome | -98.25M | -55.46M | -72.47M |
| OperatingExpense | 126.36M | 74.59M | 74.76M |
| OtherOperatingExpenses | -8.74M | -12.30M | -458.00K |
| DepreciationAmortizationDepletionIncomeStatement | 102.45M | 59.09M | 4.38M |
| DepreciationAndAmortizationInIncomeStatement | 102.45M | 59.09M | 4.38M |
| DepreciationIncomeStatement | 4.38M | ||
| SellingGeneralAndAdministration | 32.66M | 27.80M | 70.84M |
| GeneralAndAdministrativeExpense | 32.66M | 27.80M | 70.84M |
| OtherGandA | 32.66M | 27.80M | 70.84M |
| GrossProfit | 28.11M | 19.13M | 2.29M |
| CostOfRevenue | 123.16M | 107.71M | 748.00K |
| TotalRevenue | 151.27M | 126.84M | 3.04M |
| OperatingRevenue | 151.27M | 126.84M | 3.04M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 10.65M | 5.32M | 3.54M | 2.85M |
| OrdinarySharesNumber | 350.78M | 290.96M | 247.55M | 249.28M |
| ShareIssued | 361.43M | 296.28M | 251.10M | 252.13M |
| NetDebt | 26.71M | |||
| TotalDebt | 56.39M | 21.98M | 20.66M | 0.00 |
| TangibleBookValue | 673.07M | 483.23M | 342.30M | 353.53M |
| InvestedCapital | 714.25M | 491.34M | 342.89M | 353.53M |
| WorkingCapital | 36.43M | 121.70M | 7.41M | 223.16M |
| NetTangibleAssets | 673.07M | 483.23M | 342.30M | 353.53M |
| CapitalLeaseObligations | 24.09M | 21.98M | 20.66M | 0.00 |
| CommonStockEquity | 681.95M | 491.34M | 342.89M | 353.53M |
| TotalCapitalization | 681.95M | 491.34M | 342.89M | 353.53M |
| TotalEquityGrossMinorityInterest | 681.95M | 491.34M | 342.89M | 353.53M |
| StockholdersEquity | 681.95M | 491.34M | 342.89M | 353.53M |
| TreasuryStock | 11.00K | 5.00K | 4.00K | 3.00K |
| RetainedEarnings | -181.41M | -136.78M | -111.21M | -72.16M |
| AdditionalPaidInCapital | 863.01M | 627.82M | 453.85M | 425.44M |
| CapitalStock | 361.00K | 296.00K | 251.00K | 252.00K |
| CommonStock | 361.00K | 296.00K | 251.00K | 252.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 173.49M | 74.80M | 75.57M | 636.00K |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 41.72M | 41.01M | 35.24M | 137.00K |
| DerivativeProductLiabilities | 0.00 | 137.00K | ||
| NonCurrentDeferredLiabilities | 4.27M | 5.21M | 1.84M | 0.00 |
| NonCurrentDeferredTaxesLiabilities | 4.27M | 5.21M | 1.84M | 0.00 |
| LongTermDebtAndCapitalLeaseObligation | 17.16M | 17.41M | 16.72M | 0.00 |
| LongTermCapitalLeaseObligation | 17.16M | 17.41M | 16.72M | 0.00 |
| LongTermProvisions | 20.28M | 18.39M | 16.68M | |
| CurrentLiabilities | 131.78M | 33.79M | 40.33M | 499.00K |
| OtherCurrentLiabilities | 1.36M | 566.00K | 223.00K | 4.00K |
| CurrentDebtAndCapitalLeaseObligation | 39.23M | 4.57M | 3.94M | |
| CurrentCapitalLeaseObligation | 6.92M | 4.57M | 3.94M | 0.00 |
| CurrentDebt | 32.30M | |||
| OtherCurrentBorrowings | 7.30M | |||
| LineOfCredit | 25.00M | 0.00 | ||
| PensionandOtherPostRetirementBenefitPlansCurrent | 8.25M | 5.80M | 0.00 | |
| PayablesAndAccruedExpenses | 82.95M | 22.86M | 36.17M | 495.00K |
| CurrentAccruedExpenses | 37.34M | 1.14M | 0.00 | 253.00K |
| Payables | 45.60M | 21.72M | 36.17M | 242.00K |
| OtherPayable | 8.30M | |||
| DuetoRelatedPartiesCurrent | 3.08M | 0.00 | ||
| TotalTaxPayable | 14.61M | 15.18M | 18.80M | 0.00 |
| AccountsPayable | 22.70M | 6.53M | 17.37M | 242.00K |
| TotalAssets | 855.45M | 566.14M | 418.46M | 354.17M |
| TotalNonCurrentAssets | 687.24M | 410.64M | 370.73M | 130.51M |
| OtherNonCurrentAssets | 18.35M | |||
| NonCurrentPrepaidAssets | 19.78M | 23.86M | 17.73M | 10.35M |
| NonCurrentDeferredAssets | 0.00 | 174.00K | ||
| FinancialAssets | 54.02M | 61.71M | 45.63M | 0.00 |
| InvestmentsAndAdvances | 53.91M | 35.26M | 37.48M | 0.00 |
| LongTermEquityInvestment | 53.91M | 35.26M | 37.48M | 0.00 |
| GoodwillAndOtherIntangibleAssets | 8.88M | 8.11M | 596.00K | |
| OtherIntangibleAssets | 8.88M | 8.11M | 596.00K | |
| NetPPE | 532.30M | 281.70M | 269.29M | 119.98M |
| AccumulatedDepreciation | -158.64M | -59.08M | -4.20M | -5.00K |
| GrossPPE | 690.94M | 340.78M | 273.49M | 119.99M |
| Leases | 137.58M | 138.88M | 94.81M | 0.00 |
| ConstructionInProgress | 120.89M | 30.86M | 93.45M | 119.93M |
| OtherProperties | 41.33M | 171.04M | 5.09M | |
| MachineryFurnitureEquipment | 342.11M | 163.52M | 230.00K | 60.00K |
| LandAndImprovements | 49.02M | 0.00 | ||
| Properties | 342.11M | 163.52M | 79.91M | 0.00 |
| CurrentAssets | 168.21M | 155.50M | 47.73M | 223.66M |
| OtherCurrentAssets | 3.39M | 3.67M | 7.25M | |
| HedgingAssetsCurrent | 31.65M | 31.88M | 21.07M | 0.00 |
| PrepaidAssets | 7.25M | 13.82M | ||
| Inventory | 92.65M | 32.98M | 6.28M | 0.00 |
| FinishedGoods | 92.65M | 32.98M | 6.28M | 0.00 |
| Receivables | 34.93M | 867.00K | 1.20M | 0.00 |
| OtherReceivables | 32.25M | |||
| DuefromRelatedPartiesCurrent | 2.09M | 245.00K | 1.10M | 0.00 |
| AccountsReceivable | 596.00K | 622.00K | 98.00K | 0.00 |
| CashCashEquivalentsAndShortTermInvestments | 5.58M | 86.11M | 11.93M | 209.84M |
| CashAndCashEquivalents | 5.58M | 86.11M | 11.93M | 209.84M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| FreeCashFlow | -391.39M | -149.26M | -248.83M |
| RepurchaseOfCapitalStock | -27.64M | -3.90M | -3.09M |
| RepaymentOfDebt | -5.54M | -12.88M | 0.00 |
| IssuanceOfDebt | 25.00M | 0.00 | 0.00 |
| IssuanceOfCapitalStock | 225.18M | 135.85M | 0.00 |
| CapitalExpenditure | -303.88M | -55.02M | -227.92M |
| InterestPaidSupplementalData | 0.00 | ||
| IncomeTaxPaidSupplementalData | 0.00 | ||
| EndCashPosition | 19.98M | 86.11M | 11.93M |
| BeginningCashPosition | 86.11M | 11.93M | 209.84M |
| ChangesInCash | -66.13M | 74.18M | -197.91M |
| FinancingCashFlow | 213.51M | 115.66M | -3.09M |
| CashFlowFromContinuingFinancingActivities | 213.51M | 115.66M | -3.09M |
| NetOtherFinancingCharges | -3.49M | -3.40M | |
| NetCommonStockIssuance | 197.54M | 131.95M | -3.09M |
| CommonStockPayments | -27.64M | -3.90M | -3.09M |
| CommonStockIssuance | 225.18M | 135.85M | 0.00 |
| NetIssuancePaymentsOfDebt | 19.46M | -12.88M | 0.00 |
| NetShortTermDebtIssuance | 25.00M | 0.00 | |
| ShortTermDebtIssuance | 25.00M | 0.00 | |
| NetLongTermDebtIssuance | -5.54M | -12.88M | 0.00 |
| LongTermDebtPayments | -5.54M | -12.88M | 0.00 |
| LongTermDebtIssuance | 0.00 | ||
| InvestingCashFlow | -192.13M | 52.76M | -173.91M |
| CashFlowFromContinuingInvestingActivities | -192.13M | 52.76M | -173.91M |
| NetOtherInvestingChanges | -3.68M | ||
| DividendsReceivedCFI | 0.00 | 3.81M | 54.01M |
| NetInvestmentPurchaseAndSale | 148.87M | 111.19M | 0.00 |
| SaleOfInvestment | 148.87M | 111.19M | 0.00 |
| PurchaseOfInvestment | 0.00 | ||
| NetBusinessPurchaseAndSale | -37.12M | -3.54M | 0.00 |
| PurchaseOfBusiness | -37.12M | -3.54M | 0.00 |
| NetIntangiblesPurchaseAndSale | -1.42M | -634.00K | -596.00K |
| PurchaseOfIntangibles | -1.42M | -634.00K | -596.00K |
| NetPPEPurchaseAndSale | -302.45M | -54.39M | -227.32M |
| PurchaseOfPPE | -302.45M | -54.39M | -227.32M |
| OperatingCashFlow | -87.51M | -94.24M | -20.91M |
| CashFlowFromContinuingOperatingActivities | -87.51M | -94.24M | -20.91M |
| ChangeInWorkingCapital | 18.34M | -10.73M | 822.00K |
| ChangeInOtherCurrentLiabilities | 0.00 | -890.00K | -203.00K |
| ChangeInOtherCurrentAssets | -3.96M | 0.00 | |
| ChangeInPayablesAndAccruedExpense | 11.46M | -5.52M | 3.17M |
| ChangeInAccruedExpense | 3.47M | 5.31M | 748.00K |
| ChangeInPayable | 8.00M | -10.84M | 2.42M |
| ChangeInAccountPayable | 8.00M | -10.84M | 2.42M |
| ChangeInPrepaidAssets | 12.65M | -2.59M | -945.00K |
| ChangeInReceivables | -1.82M | -1.73M | -1.20M |
| ChangesInAccountReceivables | -1.82M | -1.73M | -1.20M |
| OtherNonCashItems | -151.05M | -124.38M | 4.00M |
| StockBasedCompensation | 42.13M | 38.47M | 41.50M |
| UnrealizedGainLossOnInvestmentSecurities | -11.86M | -3.30M | |
| AssetImpairmentCharge | 0.00 | 1.47M | |
| DeferredTax | -937.00K | 3.37M | 1.84M |
| DeferredIncomeTax | -937.00K | 3.37M | 1.84M |
| DepreciationAmortizationDepletion | 103.70M | 59.91M | 5.15M |
| DepreciationAndAmortization | 103.70M | 59.91M | 5.15M |
| AmortizationCashFlow | 650.00K | 121.00K | 0.00 |
| AmortizationOfIntangibles | 650.00K | 121.00K | 0.00 |
| Depreciation | 103.05M | 59.79M | 5.15M |
| OperatingGainsLosses | -43.20M | -31.80M | -36.64M |
| EarningsLossesFromEquityInvestments | 384.00K | 2.53M | 36.97M |
| GainLossOnInvestmentSecurities | -43.88M | -34.33M | -73.61M |
| GainLossOnSaleOfPPE | -6.00K | ||
| NetIncomeFromContinuingOperations | -44.63M | -25.78M | -39.05M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for CIFR
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|