Cipher Mining (NASDAQ:CIFR) Shares Gap Up – What’s Next?

Posted by Brenda Bartman on Aug 11th, 2026

Cipher Mining Inc. (NASDAQ:CIFR – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $16.33, but opened at $17.19. Cipher Mining shares last traded at $18.0240, with a volume of 5,920,845 shares trading hands.

Analyst Ratings Changes

Several analysts have weighed in on CIFR shares. JPMorgan Chase & Co. lowered their target price on Cipher Mining from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday. Citigroup reaffirmed a “market outperform” rating on shares of Cipher Mining in a research note on Monday. Jefferies Financial Group began coverage on shares of Cipher Mining in a research report on Thursday, May 14th. They issued a “buy” rating and a $32.00 price objective on the stock. UBS Group set a $30.00 price objective on shares of Cipher Mining in a research note on Monday. Finally, Needham & Company LLC lifted their target price on shares of Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.61.

View Our Latest Research Report on CIFR

Cipher Mining Trading Up 7.1%

The business’s fifty day moving average price is $22.79 and its 200 day moving average price is $19.12. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 9.69. The firm has a market capitalization of $7.26 billion, a PE ratio of -6.12 and a beta of 3.20.

Cipher Mining (NASDAQ:CIFR – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.40). Cipher Mining had a negative net margin of 585.75% and a negative return on equity of 156.28%. The business had revenue of $24.84 million during the quarter, compared to analyst estimates of $31.86 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. As a group, analysts expect that Cipher Mining Inc. will post -0.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Wesley Hastie Williams sold 14,567 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $21.41, for a total transaction of $311,879.47. Following the transaction, the director directly owned 115,409 shares in the company, valued at $2,470,906.69. This represents a 11.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cary M. Grossman sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $29.43, for a total transaction of $441,450.00. Following the transaction, the director directly owned 143,829 shares in the company, valued at approximately $4,232,887.47. This represents a 9.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,145,825 shares of company stock worth $81,741,167 over the last ninety days. Insiders own 3.09% of the company’s stock.

Institutional Trading of Cipher Mining

A number of institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC increased its position in Cipher Mining by 41.7% during the 2nd quarter. CoreCap Advisors LLC now owns 1,700 shares of the company’s stock worth $42,000 after purchasing an additional 500 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Cipher Mining during the fourth quarter valued at approximately $25,000. Arax Advisory Partners lifted its position in Cipher Mining by 274.2% during the fourth quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock valued at $27,000 after buying an additional 1,338 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Cipher Mining during the fourth quarter worth approximately $28,000. Finally, Harbor Investment Advisory LLC purchased a new stake in Cipher Mining during the second quarter worth approximately $58,000. Hedge funds and other institutional investors own 12.26% of the company’s stock.

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.