Cipher Mining Inc. focuses on the development and operation of cryptocurrency mining business in the United States. The company was founded in 2021 and is based in Rye, New York.
IPO Year: 2020
Exchange: NASDAQ
Website: ciphermining.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2024 | $6.00 | Outperform | Northland Capital |
| 9/25/2024 | $6.00 | Outperform | Macquarie |
| 6/11/2024 | $5.00 → $9.00 | Overweight | Cantor Fitzgerald |
| 10/11/2023 | Neutral | JP Morgan | |
| 9/15/2023 | $6.00 | Buy | BTIG Research |
| 6/6/2023 | $4.00 | Buy | Compass Point |
| 4/25/2023 | $4.00 | Buy | Canaccord Genuity |
| 3/14/2023 | $3.00 | Buy | Cantor Fitzgerald |
| 2/21/2023 | $2.70 | Buy | Needham |
| 2/7/2023 | $1.50 → $3.00 | Neutral → Buy | H.C. Wainwright |
4 - Cipher Mining Inc. (0001819989) (Issuer)
4 - Cipher Mining Inc. (0001819989) (Issuer)
4 - Cipher Mining Inc. (0001819989) (Issuer)
4 - Cipher Mining Inc. (0001819989) (Issuer)
4 - Cipher Mining Inc. (0001819989) (Issuer)
4 - Cipher Mining Inc. (0001819989) (Issuer)
4 - Cipher Mining Inc. (0001819989) (Issuer)
4 - Cipher Mining Inc. (0001819989) (Issuer)
4 - Cipher Mining Inc. (0001819989) (Issuer)
4 - Cipher Mining Inc. (0001819989) (Issuer)
Northland Capital initiated coverage of Cipher Mining with a rating of Outperform and set a new price target of $6.00
Macquarie initiated coverage of Cipher Mining with a rating of Outperform and set a new price target of $6.00
Cantor Fitzgerald resumed coverage of Cipher Mining with a rating of Overweight and set a new price target of $9.00 from $5.00 previously
JP Morgan initiated coverage of Cipher Mining with a rating of Neutral
BTIG Research initiated coverage of Cipher Mining with a rating of Buy and set a new price target of $6.00
Compass Point initiated coverage of Cipher Mining with a rating of Buy and set a new price target of $4.00
Canaccord Genuity initiated coverage of Cipher Mining with a rating of Buy and set a new price target of $4.00
Cantor Fitzgerald initiated coverage of Cipher Mining with a rating of Buy and set a new price target of $3.00
Needham initiated coverage of Cipher Mining with a rating of Buy and set a new price target of $2.70
H.C. Wainwright upgraded Cipher Mining from Neutral to Buy and set a new price target of $3.00 from $1.50 previously
Completed acquisition of Barber Lake data center site, which includes 250 acres of land in West Texas, a newly constructed high-to-mid voltage substation, approvals for 300 MW, and agreements necessary to participate in the ERCOT market Completed acquisition of Reveille data center site, which includes approvals for 70 MW and potential to expand to 200 MW, with energization targeted for 2027 Signed option agreements to purchase or lease three sites in Texas with targeted power capacity of 500 MW each, suitable for HPC or bitcoin mining Third Quarter 2024 Net Loss of $87m, and Adjusted Loss of $3m NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" o
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company"), a U.S.-based Bitcoin mining company, today announced it will provide a business update and release its third quarter 2024 financial results before U.S. markets open on Thursday, October 31, 2024. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time. The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher's website at https://investors.ciphermining.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About CipherCi
Current hashrate of ~8.7 EH/s on target for ~13.5 EH/s by end of 2024 and ~35.0 EH/s by end of 2025 Acquiring additional 1.7 GW of power capacity suitable for HPC infrastructure or bitcoin mining Second Quarter 2024 GAAP Net Loss of $15m, and Non-GAAP Adjusted Loss of $3m NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today announced results for its second quarter ended June 30, 2024, with an update on its operations and business strategy. "We currently operate ~8.7 EH/s of self-mining hashrate and are on track to hit ~13.5 EH/s by year-end 2024, and ~35.0 EH/s by year-end 2025," said Tyler Page, CEO of Cipher.
NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company"), a U.S.-based Bitcoin mining company, today announced it will provide a business update and release its second quarter 2024 financial results before U.S. markets open on Tuesday, August 13, 2024. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time. The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher's website at https://investors.ciphermining.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About CipherCipher
First Quarter 2024 GAAP Net Income of $40m, and Non-GAAP Adjusted Earnings of $63m First Quarter 2024 Revenues of $48m Current Self-Mining Hash Rate of ~7.7 EH/s and on track to reach ~9.3 EH/s by end of Third Quarter 2024, with plans to grow to ~25.1 EH/s by end of 2025 NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today announced results for its first quarter ended March 31, 2024, with an update on its operations and deployment strategy. "We are delighted to announce results for the first quarter of 2024 in which we delivered another quarter of record net income on both a GAAP and Non-GAAP basis," said Tyler Page, CEO of Ciphe
NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company"), a U.S.-based Bitcoin mining company, today announced it will provide a business update and release its first quarter 2024 financial results before U.S. markets open on Tuesday, May 7, 2024. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time. The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher's website at https://investors.ciphermining.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About CipherCipher is a
Fourth Quarter GAAP Earnings of $10.6m and Non-GAAP Earnings of $27.8m Full Year 2023 Revenues of $126.8m Increased Hash Rate to 7.4 EH/s in First Quarter 2024 and on track to reach 9.3 EH/s by end of Third Quarter 2024, with potential to grow to 25 EH/s by the end of 2025 NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today announced results for its fourth quarter and full year ended December 31, 2023, with an update on its operations and deployment strategy. "We are delighted to announce our fourth quarter 2023 results, which reflect our first full quarter in which all four of our data centers were operating at full capacity
NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today released its unaudited production and operations update for February 2024. Key Highlights Key MetricsFebruary 2024*BTC Mined334Power Sales Equivalent BTC12BTC Sold33BTC Held1,433Deployed Mining Rigs70,000Month End Operating Hash Rate (EH/s)7.4 *Approximate values Bitcoin Production and Operations Updates for February 2024Cipher produced ~334 BTC in February amidst average monthly network hash rate increasing ~9.4%. As part of its regular treasury management process, Cipher sold ~33 BTC in February, ending the month with a balance of ~1,433 BTC. Cipher will host its Fourth Quar
NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company"), a U.S.-based Bitcoin mining company, today announced it will provide a business update and release its fourth quarter and full year 2023 financial results before U.S. markets open on Tuesday, March 5, 2024. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time. The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher's website at https://investors.ciphermining.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About C
Completed the Build-out of the Odessa Data Center and Achieved All-Time High Self-Mining Hash Rate Capacity of up to 7.2 Exahash per Second ("EH/s") Signed Agreement to Acquire a New Texas-based, ERCOT-approved Site with Interconnection up to 300 MW, Expected to Come Online in 2025 Purchased ~1.2 EH/s of the Latest Generation S21 Bitmain Rigs, Bringing Total Hash Rate in Operation and Under Contract to ~8.4 EH/s GAAP Diluted Net Loss of $0.07 per Share Non-GAAP Diluted Net Income of $0.02 per Share NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company"), a leading developer and operator of bitcoin mining data centers, today an
NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today released its unaudited production and operations update for October 2024. Key Highlights Key MetricsOctober 2024BTC Mined1168BTC Sold248BTC Held1,428Deployed Mining Rigs77,000Month End Operating Hash Rate (EH/s)10.7 1 Includes October power sales estimates (based on current meter data and nodal prices) equivalent to 4.5 bitcoin (using month-end bitcoin price of $69,278) and 30 BTC mined at JV data centers representing Cipher's ownership Management Commentary for October During the month, the Company's operations an
Completed acquisition of Barber Lake data center site, which includes 250 acres of land in West Texas, a newly constructed high-to-mid voltage substation, approvals for 300 MW, and agreements necessary to participate in the ERCOT market Completed acquisition of Reveille data center site, which includes approvals for 70 MW and potential to expand to 200 MW, with energization targeted for 2027 Signed option agreements to purchase or lease three sites in Texas with targeted power capacity of 500 MW each, suitable for HPC or bitcoin mining Third Quarter 2024 Net Loss of $87m, and Adjusted Loss of $3m NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" o
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company"), a U.S.-based Bitcoin mining company, today announced it will provide a business update and release its third quarter 2024 financial results before U.S. markets open on Thursday, October 31, 2024. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time. The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher's website at https://investors.ciphermining.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. About CipherCi
Three sites featuring targeted capacity of 500MW each Signed option to lease or purchase a total of 580 acres of land, with two sites located in North Texas and one site located in West Texas Suitable for both HPC and bitcoin mining data centers NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today announced it has signed option agreements to acquire the recently announced three sites in West and North Texas from Juvo Energy. The three sites are adjacent to transmission assets and in the final stages of approval for interconnection with 500 MW targeted capacity per site. Cipher will be able to exercise the option in the n
NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today released its unaudited production and operations update for September 2024. Key Highlights Key MetricsSeptember 2024BTC Mined1155BTC Sold923BTC Held1,512Deployed Mining Rigs78,000Month End Operating Hashrate (EH/s)9.31 Includes September power sales estimates (based on current meter data and nodal prices) equivalent to 4 bitcoin (using month-end bitcoin price of $63,678) Management Commentary for September Cipher successfully navigated the final month of 4CP in Texas and mined ~1551 bitcoin in September. During the month, the Company's operational and construction teams finali
Completed acquisition of Barber Lake data center site, which includes 250 acres of land in West Texas, a newly constructed high-to-mid voltage substation, approvals for 300 MW, and agreements necessary to participate in the ERCOT market Site acquisition funded with the proceeds from bitcoin inventory sales NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today announced it has completed the acquisition of the recently announced Barber Lake site in West Texas for a cash payment of $67.5 million and a variable fee of $3/MWh for the initial five years after the energization of the site. The site features 300 MW of front-of-the-
AMSTERDAM, Sept. 11, 2024 /PRNewswire/ -- Bitfury Group ("Bitfury" or the "Company"), a leading full-service blockchain technology company, today announced that it has completed the final step of the distribution plan announced earlier this year with the transfer of approximately 9.6 million shares held by Bitfury in Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher"). As part of this final step of the distribution plan, Bitfury transferred approximately 7.1 million shares of Cipher common stock to certain former and current employees, contractors and advisors of Bitfury who participa
NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today released its unaudited production and operations update for August 2024. Key Highlights Key MetricsAugust 2024BTC Mined1160BTC Sold136BTC Held2,284Deployed Mining Rigs76,000Month End Operating Hash Rate (EH/s)9.1 1 Includes August power sales estimates (based on current meter data and nodal prices) equivalent to 9 bitcoin (using month-end bitcoin price of $58,516) Management Commentary for August Cipher delivered a solid month of production during a hot August in Texas. As expected over the summer, the Company saw meaningful curtailment from its power provider
NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company"), a U.S.-based Bitcoin mining company, today announced it will participate in the 4th Annual Needham Virtual Crypto Conference on September 5, 2024. Cipher's CEO, Tyler Page, will be participating in a virtual fireside chat to discuss the Company's recent Q2 earnings, growth plans, and the convergence of HPC and bitcoin mining. Details of the Event: Event:4th Annual Needham Virtual Crypto ConferenceDate:Thursday, September 5th, 2024Time:8:45 am ETWebcast Link:https://wsw.com/webcast/needham140/cipm/2236415 The live webcast, presentation materials, and replay will be available at the i
The immediately available 250-acre site includes a newly constructed high-to-mid voltage substation, approvals for 300 MW, and agreements necessary to participate in the ERCOT market New site is equally well-suited for HPC infrastructure and bitcoin mining Company's aggregate data center portfolio now exceeds 2.5 GW NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today announced it has entered into a term sheet to acquire a new site in West Texas for a cash payment of $67.5 million and a variable fee of $3/MWh for the initial five years after the energization of the site. The site features 300 MW of front-of-the-meter capacity, a
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Cipher Mining Inc. (NASDAQ:CIFR) shares traded higher Monday as the price of Bitcoin (CRYPTO: BTC) climbed above $63,000. The Details: Bitcoin began its recent rally over the weekend after Germany completed the liquidation of its Bitcoin holdings which reduced the selling pressure on the cryptocurrency. On Friday evening, a failed assassination attempt on former President Donald Trump added further fuel ignite the rally. Bitcoin has gained more than 6% over the past 24 hours as investors interpret the increasing odds of a second term for Trump as a positive development for cryptocurrencies. Shares of Bitcoin miners and crypto-related stocks climbed higher Monday across the board.
Cipher Mining's (NYSE:CIFR) short percent of float has risen 14.33% since its last report. The company recently reported that it has 20.18 million shares sold short, which is 10.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.95 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere
Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today released its unaudited production and operations update for June 2024.Key HighlightsKey MetricsJune 2024BTC Mined1176BTC Sold103BTC Held2,209Deployed Mining Rigs75,000Month End Operating Hash Rate (EH/s)8.61 Includes June power sales estimates (based on current meter data and nodal prices) equivalent to 6 bitcoin (using month-end bitcoin price of $63,370)
Shares of Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) fell sharply during Friday's session after the company announced pricing of $6.0 million public offering. Kaival Brands priced its 3,921,500 unit offering at $15.3 per unit. Kaival Brands Innovations Group shares dipped 47% to $1.52 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers American Rebel Holdings, Inc. (NASDAQ:AREB) shares jumped 161% to $0.8048 after the company signed a Connecticut distribution agreement with Dichello Distributors. Sharecare, Inc. (NASDAQ:SHCR) jumped 74% to $1.35 after the company agreed to be acquired by Altaris affiliate for $1.43 per share in cash.
Cipher Mining's (NYSE:CIFR) short percent of float has risen 4.94% since its last report. The company recently reported that it has 17.63 million shares sold short, which is 9.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.69 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Gainers Auddia (NASDAQ:AUUD) stock increased by 13.9% to $1.31 during Thursday's regular session. The company's market cap stands at $3.6 million. AuthID (NASDAQ:AUID) stock rose 13.71% to $9.45. The market value of their outstanding shares is at $89.3 million. Broadcom (NASDAQ:AVGO) stock rose 12.06% to $1675.9. The company's market cap stands at $776.6 billion. The company's, Q2 earnings came out yesterday. Inseego (NASDAQ:INSG) stock increased by 11.19% to $9.24. The market value of their outstanding shares is at $109.7 million. Soluna Holdings (NASDAQ:SLNH) shares increased by 10.71% to $3.72. The company's market cap stands at $14.5 million. Cipher Mining (NASDAQ:CIFR) stock moved
U.S. stocks were mixed, with the Dow Jones index falling around 200 points on Thursday. Shares of Tesla Inc (NASDAQ:TSLA) rose sharply during Thursday's session after CEO Elon Musk said the company’s shareholder resolutions are passing with significant margins. Meanwhile, Tesla said on Tuesday that it deployed two of its humanoid bots called Optimus at its factory this year where they are performing tasks autonomously. Tesla shares gained 6.7% to $189.30 on Thursday. Here are some other big stocks recording gains in today’s session. NWTN Inc. (NASDAQ:NWTN) shares rose 22.8% to $1.84. John Wiley & Sons, Inc. (NYSE:WLYB) gained 19.3% to $42.62 as the company reported results