Cipher Mining (NASDAQ:CIFR) Reaches New 52-Week High – Here’s What Happened

Posted by Stanley Muller on May 28th, 2026

Shares of Cipher Mining Inc. (NASDAQ:CIFR – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $25.56 and last traded at $25.16, with a volume of 34573178 shares trading hands. The stock had previously closed at $23.02.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BTIG Research reiterated a “buy” rating and issued a $25.00 target price on shares of Cipher Mining in a research note on Wednesday, May 6th. Jefferies Financial Group assumed coverage on Cipher Mining in a research note on Thursday, May 14th. They issued a “buy” rating and a $32.00 target price on the stock. Rosenblatt Securities lifted their target price on Cipher Mining from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald lowered their target price on Cipher Mining from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Keefe, Bruyette & Woods lifted their target price on Cipher Mining from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Check Out Our Latest Stock Report on CIFR

Cipher Mining Stock Performance

The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of -10.80 and a beta of 3.13. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 6.13. The stock has a fifty day moving average price of $17.72 and a two-hundred day moving average price of $16.93.

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

Insider Activity

In other news, Director Wesley Hastie Williams sold 14,567 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $21.41, for a total transaction of $311,879.47. Following the completion of the transaction, the director directly owned 115,409 shares of the company’s stock, valued at approximately $2,470,906.69. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cary M. Grossman sold 20,000 shares of the 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 completion of the transaction, the director directly owned 150,530 shares of the company’s stock, valued at $3,284,564.60. This trade represents a 11.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 258,965 shares of company stock valued at $4,588,569 over the last three months. Company insiders own 2.63% of the company’s stock.

Institutional Investors Weigh In On Cipher Mining

Large investors have recently modified their holdings of the stock. Sherman Asset Management Inc. purchased a new stake in shares of Cipher Mining during the third quarter worth $25,000. Los Angeles Capital Management LLC acquired a new stake in shares of Cipher Mining in the fourth quarter valued at about $25,000. Arax Advisory Partners grew its position 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 valued at $27,000 after purchasing an additional 1,338 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Cipher Mining by 218.3% in the fourth quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock valued at $28,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Cipher Mining in the fourth quarter valued at about $28,000. 12.26% of the stock is owned by institutional investors.

About Cipher Mining

(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.