Cipher Mining Inc. is a bitcoin mining company. The company is headquartered in Houston, Texas.
| Revenue (TTM) | $191.09M |
| Gross Profit (TTM) | $-19.18M |
| EBITDA | $96.08M |
| Operating Margin | -301.70% |
| Return on Equity | -167.50% |
| Return on Assets | -0.80% |
| Revenue/Share (TTM) | $0.48 |
| Book Value | $1.36 |
| Price-to-Book | 13.19 |
| Price-to-Sales (TTM) | 40.18 |
| EV/Revenue | 63.67 |
| EV/EBITDA | 54.24 |
| Quarterly Earnings Growth (YoY) | 19.50% |
| Quarterly Revenue Growth (YoY) | -43.00% |
| Shares Outstanding | $415.03M |
| Float | $341.62M |
| % Insiders | 3.55% |
| % Institutions | 94.72% |
Volatility is currently contracting
Shares of Bitcoin (CRYPTO:BTC) miners pivoting to AI infrastructure are moving lower together Tuesday morning, with Cipher Mining (NASDAQ:CIFR) stock down 9% to $16.77 and TeraWulf (NASDAQ:WULF) shares down 7% to $16.45.
HIVE Digital Technologies (NASDAQ:HIVE) shares are up 11% to $2.98 in midday trading Monday, jumping from Friday's $2.69 close after the bitcoin miner unveiled its largest AI contract to date.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
CIFR delivers initial Black Pearl HPC capacity two months early as it expands its data-center pipeline and project financing.
Shares of MARA Holdings (NASDAQ:MARA | MARA Price Prediction) are down 7% to $9.94 Friday afternoon, while Cipher Mining (NASDAQ:CIFR) shares are sliding 6% to $17.14 and TeraWulf (NASDAQ:WULF) shares are down 4% to $16.88.
Cipher Digital Inc. (CIFR) is transitioning from a Bitcoin miner to a project-financed digital infrastructure developer, with most debt non-recourse at the project level. CIFR's parent-level obligations are $1.47 billion, offset by $832 million unrestricted cash, reducing true equity risk versus the $6 billion headline debt. I project 2027 net operating income of $686 million, supporting a base case valuation of $7/share and a Buy rating, contingent on execution.
Cipher Digital Inc. is transitioning from bitcoin mining to AI data center operations, with a bullish outlook despite recent stock weakness. The Q2 '26 revenue miss was tied to bitcoin mining decommissioning, but AI data center contracts—especially with Amazon—are progressing ahead of schedule. CIFR projects NOI to rise from $97 million in 2026 to nearly $700 million in 2027, with a robust 5.3 GW portfolio and significant future capacity.
Cipher Digital Inc. (CIFR) Q2 2026 Earnings Call Transcript
With CAPEX expanding, enterprise backlogs swelling, and the juiciest margins in history, the AI bullish narrative remains intact.
Cipher Mining NASDAQ: CIFR said its second-quarter 2026 business update reflected continued progress in its transition toward developing and operating data centers for high-performance computing, or HPC, customers. The company highlighted an accelerated delivery at its Black Pearl campus, an $810 million project financing for its Stingray project, and an expanded Texas development pipeline.
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