CIFR

Cipher Mining Inc

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Advanced Chart

7.120

+0.48(7.229%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

7.130

Open

6.550

VWAP

6.92

Vol

26.67M

Mkt Cap

2.80B

Low

6.480

Amount

184.69M

EV/EBITDA(TTM)

487.77

Total Shares

310.03M

2.61B

EV/OCF(TTM)

P/S(TTM)

14.80

Cipher Mining Inc. is an industrial-scale data center construction and operations company. The Company is focused on the development and operation of industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting. It operates approximately 327 MW of facilities across four bitcoin mining data centers in Texas, including one wholly owned data center and three partially owned data centers. The Company also has a pipeline of 2.8 GW across seven additional sites in Texas. It operates an aggregate hash rate capacity of 15.7 exahash per second (EH/s). Its operational data center is its Odessa data center, which is its wholly owned 207 MW facility located in Odessa, Texas. Its Alborz data center is located near Happy, Texas. Its Bear data center is located near Andrews, Texas. Its Black Pearl data center is in Winkler County, Texas. Its Barber Lake site is located near Colorado City, Texas. Stingray site is in West Texas. Its Reveille site is in Cotulla, Texas.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

111.14M

+127%

0.135

+575%

100.90M

+138.97%

0.140

79.77M

+230.97%

0.107

-1166.7%

Estimates Revision

The market is revising Downward the revenue expectations for Cipher Mining Inc. (CIFR) for FY2025, with the revenue forecasts being adjusted by -0.32% over the past three months. During the same period, the stock price has changed by 99.44%.

Revenue Estimates for FY2025

Revise Downward

-0.32%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+2.08%

In Past 3 Month

Stock Price

Go Up

+99.44%

In Past 3 Month

12 Analyst Rating

4.63% Upside

Wall Street analysts forecast CIFR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CIFR is 7.45 USD with a low forecast of 6.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

10 Buy

2 Hold

0 Sell

Strong Buy

4.63% Upside

Current: 7.120

Low

6.00

Averages

7.45

High

9.00

4.63% Upside

Current: 7.120

Low

6.00

Averages

7.45

High

9.00

Canaccord

Buy

maintain

$8 -> $9

2025-08-20

Reason

Canaccord

Price Target

$8 -> $9

2025-08-20

maintain

Buy

Reason

Canaccord raised the firm's price target on Cipher Mining to $9 from $8 and keeps a Buy rating on the shares. Th firm said they executed nicely in Q2 on its differentiated approach to the BTC mining and AI hosting markets. Cipher continues to enjoy some of the cheapest power costs across the BTC mining industry while it evolves its own unique strategy for its developing AI portfolio.

JonesResearch

Hold

initiated

2025-07-21

Reason

JonesResearch

Price Target

2025-07-21

initiated

Hold

Reason

JonesResearch initiated coverage of Cipher Mining with a Hold rating.

Cantor Fitzgerald

Brett Knoblauch

Overweight

maintain

$4 -> $6

2025-06-05

Reason

Cantor Fitzgerald

Brett Knoblauch

Price Target

$4 -> $6

2025-06-05

maintain

Overweight

Reason

Cantor Fitzgerald analyst Brett Knoblauch raised the firm's price target on Cipher Mining to $6 from $4 and keeps an Overweight rating on the shares. Cipher Mining mined 179 Bitcoin, or 5.8 Bitcoin per day, during May, which is flat compared to April, and Cantor estimates that Cipher generated $18.5M in mining revenue during May, the analyst tells investors in a research note. Cipher is set to become one of the fastest-growing miners this year by hash rate capacity, the firm contends.

JP Morgan

Reginald Smith

Buy

Hold

Downgrades

n/a

2025-03-13

Reason

JP Morgan

Reginald Smith

Price Target

n/a

2025-03-13

Downgrades

Buy

Hold

Reason

JPMorgan downgraded Cipher Mining to Neutral from Overweight without a price target. The firm updated bitcoin miner price targets and models to reflect the Q4 results and changes in bitcoin price and the network hash rate. The firm now sees less upside potential relative to peers for Cipher Mining shares. Cipher could sign a high performance compute deal at its Barber Lake site, which could drive upside, but deals can take up to nine months to negotiate and finalize, the analyst tells investors in a research note.

Rosenblatt

Chris Brendler

Strong Buy

Initiates

$6.5

2025-03-07

Reason

Rosenblatt

Chris Brendler

Price Target

$6.5

2025-03-07

Initiates

Strong Buy

Reason

Rosenblatt initiated coverage of Cipher Mining with a Buy rating and $6.50 price target. The firm assumes a 6-times expected forward adjusted EBITDA multiple on the stock vs. its peer average multiple of 5.7-times and believes that a premium is warranted due to its belief that CIFR will enter the higher-multiple HPC business, the analyst tells investors in a research note. The stock has dramatically underperformed in the recent market pullback, but with its largest data center to date energizing Q2, the company is set to scale rapidly, the firm adds.

HC Wainwright & Co.

Mike Colonnese

Strong Buy

Reiterates

2025-02-26

Reason

HC Wainwright & Co.

Mike Colonnese

Price Target

2025-02-26

Reiterates

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Cipher Mining Inc (CIFR.O) is 13.34, compared to its 5-year average forward P/E of -24.24. For a more detailed relative valuation and DCF analysis to assess Cipher Mining Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-24.24

Current PE

13.34

Overvalued PE

70.92

Undervalued PE

-119.40

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

5.22

Current EV/EBITDA

13.20

Overvalued EV/EBITDA

11.91

Undervalued EV/EBITDA

-1.46

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

20.49

Current PS

6.50

Overvalued PS

69.11

Undervalued PS

-28.13