Cipher Mining (NASDAQ:CIFR) Rating Increased to Strong-Buy at Chardan Capital

Posted by Brian Himes on Jul 29th, 2026

Chardan Capital upgraded shares of Cipher Mining (NASDAQ:CIFR – Free Report) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods raised their target price on shares of Cipher Mining from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday. BTIG Research lifted their target price on shares of Cipher Mining from $25.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Cantor Fitzgerald reduced their price target on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Needham & Company LLC increased their price target on shares of Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Sanford C. Bernstein assumed coverage on shares of Cipher Mining in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.74.

Read Our Latest Stock Analysis on Cipher Mining

Cipher Mining Stock Down 5.7%

Shares of NASDAQ CIFR opened at $20.42 on Monday. The stock has a market cap of $8.35 billion, a PE ratio of -8.76 and a beta of 3.18. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 6.13. Cipher Mining has a 52-week low of $4.55 and a 52-week high of $30.14. The business has a 50-day moving average price of $23.35 and a 200 day moving average price of $18.99.

Cipher Mining (NASDAQ:CIFR – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The firm had revenue of $34.84 million for the quarter, compared to analysts’ expectations of $36.12 million. Cipher Mining had a negative return on equity of 117.65% and a negative net margin of 427.79%.The business’s revenue was down 28.8% on a year-over-year basis. Equities research analysts forecast that Cipher Mining will post -0.8 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Cary M. Grossman sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $21.82, for a total value of $436,400.00. Following the transaction, the director owned 150,530 shares of the company’s stock, valued at approximately $3,284,564.60. The trade was a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Patrick Arthur Kelly sold 48,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $19.36, for a total value of $929,280.00. Following the completion of the transaction, the chief operating officer directly owned 1,451,856 shares in the company, valued at approximately $28,107,932.16. The trade was a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,245,336 shares of company stock worth $83,803,938. 2.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cipher Mining

Several institutional investors have recently bought and sold shares of CIFR. Vanguard Group Inc. lifted its stake in shares of 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 period. Situational Awareness LP increased its stake in shares of Cipher Mining by 82.4% during the fourth quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock worth $154,524,000 after acquiring an additional 4,728,600 shares during the period. Geode Capital Management LLC increased its stake in shares of Cipher Mining by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 8,164,226 shares of the company’s stock worth $120,519,000 after acquiring an additional 558,105 shares during the period. State Street Corp raised its holdings in Cipher Mining by 10.2% during the fourth quarter. State Street Corp now owns 8,078,423 shares of the company’s stock worth $119,238,000 after purchasing an additional 745,030 shares in the last quarter. Finally, Value Aligned Research Advisors LLC raised its holdings in Cipher Mining by 45.9% during the fourth quarter. Value Aligned Research Advisors LLC now owns 7,447,495 shares of the company’s stock worth $109,925,000 after purchasing an additional 2,342,958 shares in the last quarter. 12.26% of the stock is owned by institutional investors and hedge funds.

Cipher Mining Company Profile

(Get Free Report)

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.