Royal Bank of Canada boosted its position in Cipher Mining Inc. (NASDAQ:CIFR – Free Report) by 14.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 408,758 shares of the company’s stock after purchasing an additional 50,654 shares during the period. Royal Bank of Canada owned about 0.10% of Cipher Mining worth $5,261,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of CIFR. Vanguard Group Inc. lifted its position in shares of Cipher Mining by 43.2% during the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock valued at $482,360,000 after buying an additional 9,865,533 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Cipher Mining during the 3rd quarter worth $70,524,000. Situational Awareness LP increased its holdings 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 acquiring an additional 4,728,600 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Cipher Mining by 3,718.3% in the 4th quarter. Janus Henderson Group PLC now owns 4,292,790 shares of the company’s stock worth $63,359,000 after acquiring an additional 4,180,362 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Cipher Mining in the 1st quarter valued at about $9,316,000. 12.26% of the stock is owned by institutional investors.
Cipher Mining Trading Up 3.8%
Shares of CIFR opened at $17.87 on Thursday. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of -6.25 and a beta of 3.20. The company has a debt-to-equity ratio of 9.69, a quick ratio of 3.00 and a current ratio of 3.00. Cipher Mining Inc. has a fifty-two week low of $4.71 and a fifty-two week high of $30.14. The firm has a 50 day moving average price of $22.45 and a 200-day moving average price of $19.12.
Cipher Mining News Summary
Here are the key news stories impacting Cipher Mining this week:
- Positive Sentiment: HC Wainwright expects Cipher Mining’s losses to narrow significantly through 2027, from projected losses of $0.08 per share in the first quarter to $0.02 in the third quarter, followed by positive EPS of $0.01 in the fourth quarter. The firm maintained its Buy rating and $30 target. Cipher Mining analyst estimates
- Neutral Sentiment: Short-interest data showed zero reported shares sold short and a zero-day short-interest ratio. Because the figures appear anomalous, they provide little useful indication of potential short-covering or selling pressure.
- Negative Sentiment: HC Wainwright cut its 2026 EPS forecast to a $1.44 loss from its prior estimate, including a reduction in third-quarter EPS to a $0.35 loss and fourth-quarter EPS to a $0.16 loss. The firm still retains its Buy rating and $30 target.
- Negative Sentiment: Northland Securities made deeper reductions, lowering its 2026 EPS forecast to a $1.35 loss from a $0.52 loss previously. Its third-quarter estimate fell to a $0.26 loss from $0.11, while its fourth-quarter estimate declined to $0.16 from $0.01.
- Negative Sentiment: The forecast cuts add to concerns following Cipher Mining’s latest quarterly results, which missed both revenue and EPS expectations. A separate valuation report also characterized the shares as still overvalued after a recent decline. Cipher Mining valuation report
Analyst Ratings Changes
A number of equities analysts have weighed in on CIFR shares. BTIG Research increased their target price on shares of Cipher Mining from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Morgan Stanley set a $43.50 price target on shares of Cipher Mining in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a research note on Wednesday, June 24th. HC Wainwright raised their price objective on shares of Cipher Mining from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 price objective on shares of Cipher Mining in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cipher Mining has an average rating of “Moderate Buy” and a consensus target price of $28.61.
View Our Latest Stock Analysis on CIFR
Insider Buying and Selling at Cipher Mining
In other news, Director Wesley Hastie Williams sold 14,567 shares of Cipher Mining stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $21.41, for a total value of $311,879.47. Following the transaction, the director owned 115,409 shares in the company, valued at approximately $2,470,906.69. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Newsome sold 3,758 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.60, for a total value of $99,962.80. Following the completion of the sale, the director directly owned 128,530 shares of the company’s stock, valued at approximately $3,418,898. This trade represents a 2.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,145,825 shares of company stock valued at $81,741,167. 3.09% of the stock is currently owned by insiders.
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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