Cipher Mining (NASDAQ:CIFR) Trading 7.8% Higher – Here’s Why

Posted by Stanley Muller on Aug 16th, 2026

Cipher Mining Inc. (NASDAQ:CIFR – Get Free Report) shares shot up 7.8% during mid-day trading on Friday . The company traded as high as $18.14 and last traded at $17.9150. Approximately 26,155,356 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 27,835,762 shares. The stock had previously closed at $16.62.

Analyst Ratings Changes

CIFR has been the topic of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Cipher Mining in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 price target on the stock. HC Wainwright increased their price objective on shares of Cipher Mining from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. UBS Group set a $30.00 price objective on shares of Cipher Mining in a research note on Monday, August 10th. JPMorgan Chase & Co. cut their target price on Cipher Mining from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.61.

Check Out Our Latest Analysis on CIFR

Cipher Mining Stock Performance

The company’s 50-day moving average price is $22.18 and its two-hundred day moving average price is $19.10. The company has a market cap of $7.41 billion, a P/E ratio of -6.24 and a beta of 3.20. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 9.69.

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 analysts’ consensus estimates 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 business had revenue of $24.84 million during the quarter, compared to the consensus estimate of $31.86 million. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. As a group, equities analysts forecast that Cipher Mining Inc. will post -1.37 earnings per share for the current year.

Insider Transactions at Cipher Mining

In other news, CEO Tyler Page sold 112,500 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $21.19, for a total transaction of $2,383,875.00. Following the completion of the sale, the chief executive officer directly owned 9,084,225 shares of the company’s stock, valued at $192,494,727.75. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Newsome sold 3,758 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $26.60, for a total value of $99,962.80. Following the sale, the director directly owned 128,530 shares of the company’s stock, valued at approximately $3,418,898. This represents a 2.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,145,825 shares of company stock valued at $81,741,167 in the last 90 days. 3.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cipher Mining

A number of hedge funds and other institutional investors have recently modified their holdings of CIFR. CoreCap Advisors LLC raised its holdings 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 buying an additional 500 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Cipher Mining in the fourth quarter worth about $25,000. Arax Advisory Partners boosted its holdings in shares of Cipher Mining by 274.2% in the fourth quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock worth $27,000 after buying an additional 1,338 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Cipher Mining in the fourth quarter worth approximately $28,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Cipher Mining during the second quarter valued at approximately $49,000. Institutional investors and hedge funds 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.