Cipher Mining Inc. (NASDAQ:CIFR – Get Free Report) shares fell 6.4% during mid-day trading on Thursday . The stock traded as low as $16.64 and last traded at $16.7260. Approximately 16,475,107 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 27,734,162 shares. The stock had previously closed at $17.87.
Key Stories Impacting Cipher Mining
Here are the key news stories impacting Cipher Mining this week:
- Positive Sentiment: Wall Street coverage remains broadly constructive. A Zacks report highlights optimistic analyst sentiment, while HC Wainwright maintains a Buy rating and a $30 price target, well above the stock’s recent trading level. Is Cipher Digital Inc. CIFR a Buy as Wall Street Analysts Look Optimistic?
- Positive Sentiment: HC Wainwright’s forecasts show Cipher Mining potentially reaching positive quarterly EPS of $0.01 in Q4 2027, suggesting a path toward eventual profitability. Brokers also issued additional FY2027 forecasts, keeping longer-term investor interest elevated. Brokers Issue Forecasts for Cipher Mining FY2027 Earnings
- Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day short-interest ratio. This suggests little measurable short-selling pressure, although the data appears inconsistent and may have limited significance for investors.
- Negative Sentiment: Analysts lowered several near-term forecasts. HC Wainwright cut Q3 2026 EPS to ($0.35) from ($0.30), Q4 2026 EPS to ($0.16) from ($0.08), and FY2026 EPS to ($1.44). Northland Securities reduced Q3 EPS to ($0.26) from ($0.11), Q4 EPS to ($0.16) from ($0.01), and FY2026 EPS to ($1.35) from ($0.52). These revisions point to deeper losses than previously expected.
- Negative Sentiment: The company recently reported revenue below expectations and a larger-than-anticipated quarterly loss. With analysts still projecting substantial FY2026 losses, near-term earnings weakness is likely offsetting the positive impact of bullish price targets.
Analysts Set New Price Targets
CIFR has been the topic of a number of research reports. Chardan Capital reiterated a “buy” rating and set a $32.00 target price on shares of Cipher Mining in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a report on Wednesday, June 24th. Needham & Company LLC raised their target price on Cipher Mining from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Sanford C. Bernstein began coverage on Cipher Mining in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Citigroup reiterated a “market outperform” rating on shares of Cipher Mining in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cipher Mining presently has an average rating of “Moderate Buy” and a consensus price target of $28.61.
Cipher Mining Stock Performance
The company has a debt-to-equity ratio of 9.69, a current ratio of 3.00 and a quick ratio of 3.00. The company has a 50 day simple moving average of $22.45 and a 200-day simple moving average of $19.12. The stock has a market capitalization of $6.86 billion, a P/E ratio of -5.77 and a beta of 3.20.
Cipher Mining (NASDAQ:CIFR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.40). Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.The firm had revenue of $24.84 million during the quarter, compared to analysts’ expectations of $31.86 million. During the same period last year, the business posted ($0.12) EPS. On average, equities analysts forecast that Cipher Mining Inc. will post -1.37 EPS for the current year.
Insider Transactions at Cipher Mining
In other news, Director Wesley Hastie Williams sold 14,567 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $21.41, for a total value of $311,879.47. Following the sale, the director owned 115,409 shares of the company’s stock, valued at $2,470,906.69. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James E. Newsome sold 3,758 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $26.60, for a total transaction of $99,962.80. Following the sale, the director owned 128,530 shares in the company, valued at $3,418,898. The trade was a 2.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,145,825 shares of company stock valued at $81,741,167. 3.09% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its holdings in shares of Cipher Mining by 16.6% in the 4th quarter. HighTower Advisors LLC now owns 671,775 shares of the company’s stock worth $9,915,000 after purchasing an additional 95,686 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Cipher Mining during the 4th quarter valued at about $667,000. Purpose Unlimited Inc. purchased a new position in shares of Cipher Mining during the 4th quarter valued at about $1,558,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Cipher Mining during the 1st quarter valued at about $2,188,000. Finally, Situational Awareness LP lifted its position in Cipher Mining by 82.4% in the 4th quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock worth $154,524,000 after buying an additional 4,728,600 shares during the last quarter. Hedge funds and other institutional investors own 12.26% of the company’s stock.
About Cipher Mining
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.
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