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Cipher Mining Inc. CIFR
Financial Services - Financial - Capital Markets - NASDAQ - US
Watchlist
$ 6.63
3.27 %
$ 2.31 B
Market Cap
-44.2
P/E
1. INTRINSIC VALUE

Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.[ Read More ]

The intrinsic value of one CIFR stock under the base case scenario is HIDDEN Compared to the current market price of 6.63 USD, Cipher Mining Inc. is HIDDEN

CIFR Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart CIFR

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FINANCIALS
127 M REVENUE
4076.56%
Growth Rates
1Year 4076.56%
3Years 0.00%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-20.1 M OPERATING INCOME
72.96%
Growth Rates
1Year 72.96%
3Years -407.75%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-25.8 M NET INCOME
33.99%
Growth Rates
1Year 33.99%
3Years -522.17%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-94.2 M OPERATING CASH FLOW
-350.59%
Growth Rates
1Year -350.59%
3Years -564.19%
5Years 0.00%
7Years 0.00%
10Years 0.00%
52.8 M INVESTING CASH FLOW
130.33%
Growth Rates
1Year 130.33%
3Years 32.20%
5Years 0.00%
7Years 0.00%
10Years 0.00%
116 M FINANCING CASH FLOW
3843.17%
Growth Rates
1Year 3843.17%
3Years -12.32%
5Years 0.00%
7Years 0.00%
10Years 0.00%
24.1 M REVENUE
-34.52%
Growth Rates
1Year 4076.56%
3Years 0.00%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-91.4 M OPERATING INCOME
-308.48%
Growth Rates
1Year 72.96%
3Years -407.75%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-86.8 M NET INCOME
-467.35%
Growth Rates
1Year 33.99%
3Years -522.17%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-6.54 M OPERATING CASH FLOW
74.18%
Growth Rates
1Year -350.59%
3Years -564.19%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-133 M INVESTING CASH FLOW
-323.63%
Growth Rates
1Year 130.33%
3Years 32.20%
5Years 0.00%
7Years 0.00%
10Years 0.00%
56.6 M FINANCING CASH FLOW
-37.57%
Growth Rates
1Year 3843.17%
3Years -12.32%
5Years 0.00%
7Years 0.00%
10Years 0.00%
Balance Sheet Decomposition Cipher Mining Inc.
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Current Assets 155 M
Cash & Short-Term Investments 86.1 M
Receivables 867 K
Other Current Assets 68.5 M
Non-Current Assets 411 M
Long-Term Investments 35.3 M
PP&E 251 M
Other Non-Current Assets 124 M
Current Liabilities 33.8 M
Accounts Payable 4.98 M
Short-Term Debt 9.14 M
Other Current Liabilities 19.7 M
Non-Current Liabilities 41 M
Long-Term Debt 17.4 M
Other Non-Current Liabilities 23.6 M
EFFICIENCY
Earnings Waterfall Cipher Mining Inc.
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Revenue 127 M
Cost Of Revenue 50.3 M
Gross Profit 76.5 M
Operating Expenses 96.6 M
Operating Income -20.1 M
Other Expenses 5.66 M
Net Income -25.8 M
RATIOS
60.34% GROSS MARGIN
60.34%
Averages
1Year 60.34%
3Years 45.24%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-15.86% OPERATING MARGIN
-15.86%
Averages
1Year -15.86%
3Years -821.73%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-20.32% NET MARGIN
-20.32%
Averages
1Year -20.32%
3Years -435.41%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-5.25% ROE
-5.25%
Averages
1Year -5.25%
3Years -12.97%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-4.55% ROA
-4.55%
Averages
1Year -4.55%
3Years -12.04%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-4.71% ROIC
-4.71%
Averages
1Year -4.71%
3Years -16.56%
5Years 0.00%
7Years 0.00%
10Years 0.00%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Cipher Mining Inc.
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Net Income -25.8 M
Depreciation & Amortization 59.9 M
Capital Expenditures -55 M
Stock-Based Compensation 38.5 M
Change in Working Capital -10.7 M
Others -159 M
Free Cash Flow -149 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Cipher Mining Inc.
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Wall Street analysts predict an average 1-year price target for CIFR of $7.56 , with forecasts ranging from a low of $6 to a high of $9 .
CIFR Lowest Price Target Wall Street Target
6 USD -9.50%
CIFR Average Price Target Wall Street Target
7.56 USD 14.06%
CIFR Highest Price Target Wall Street Target
9 USD 35.75%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION

Iris Energy Limited owns and operates bitcoin mining data centers. It also provides high performance computing solutions, including Al cloud services.

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0 USD
IREN
Overvalued 100.00%

CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. It operates in two segments, Digital Currency Mining and Energy. The Digital Currency Mining segment engages in mining of bitcoin.

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2.63 USD
CLSK
Overvalued 81.23%

Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on mining Bitcoin in the United States. It also operates coal refuse power generation facilities.

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0 USD
SDIG
Overvalued 100.00%

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees.

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-0.496 USD
BITF
Overvalued 122.04%

TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites.

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-3.41 USD
WULF
Overvalued 147.53%

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for cryptographic algorithms.

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-1.7 USD
ARBK
Overvalued 238.42%

Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenters in New York and South Carolina.

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0 USD
GREE
Overvalued 100.00%

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations.

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-3.85 USD
HUT
Overvalued 115.24%

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It engages in the mining and sale of digital currencies, including Ethereum, Ethereum Classic, and Bitcoin.

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-1.6 USD
HIVE
Overvalued 136.21%

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities.

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-5.15 USD
BTBT
Overvalued 220.69%
6. Ownership
Insider Ownership Cipher Mining Inc.
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Sold
0-3 MONTHS
37.5 M USD 3
3-6 MONTHS
41.5 M USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 08, 2024
Sell 381 K USD
Kelly Patrick Arthur
Co-President and COO
- 53161
 7.16 USD
1 week ago
Nov 07, 2024
Sell 1.98 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 300000
 6.6 USD
1 week ago
Nov 06, 2024
Sell 4.2 K USD
Iwaschuk William
Co-President and CLO
- 600
 7 USD
2 weeks ago
Oct 28, 2024
Sell 6.22 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 1000000
 6.22 USD
1 month ago
Oct 15, 2024
Sell 392 K USD
Kelly Patrick Arthur
Co-President and COO
- 89742
 4.373 USD
1 month ago
Sep 25, 2024
Sell 591 K USD
Iwaschuk William
Co-President and CLO
- 150000
 3.94 USD
2 months ago
Sep 06, 2024
Sell 3.9 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 1421663
 2.74 USD
2 months ago
Sep 06, 2024
Sell 1.32 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 479449
 2.75 USD
2 months ago
Sep 09, 2024
Sell 4.08 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 1421663
 2.87 USD
2 months ago
Sep 09, 2024
Sell 1.38 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 479449
 2.87 USD
2 months ago
Sep 10, 2024
Sell 4.22 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 1421663
 2.97 USD
2 months ago
Sep 10, 2024
Sell 1.7 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 575641
 2.96 USD
2 months ago
Sep 04, 2024
Sell 4.31 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 1421663
 3.03 USD
2 months ago
Sep 04, 2024
Sell 1.44 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 479449
 3.01 USD
2 months ago
Sep 05, 2024
Sell 4.15 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 1421663
 2.92 USD
2 months ago
Sep 05, 2024
Sell 1.4 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 479449
 2.93 USD
4 months ago
Jul 18, 2024
Sell 3.68 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 592980
 6.21 USD
4 months ago
Jul 18, 2024
Sell 117 K USD
Bitfury Top HoldCo B.V.
10 percent owner
- 16664
 7.01 USD
3 months ago
Jul 19, 2024
Sell 1.62 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 261847
 6.17 USD
4 months ago
Jun 27, 2024
Sell 2 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 478606
 4.17 USD
4 months ago
Jun 28, 2024
Sell 2.02 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 490275
 4.12 USD
4 months ago
Jun 24, 2024
Sell 1.92 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 443830
 4.33 USD
4 months ago
Jun 25, 2024
Sell 1.93 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 454073
 4.26 USD
4 months ago
Jun 26, 2024
Sell 2.01 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 466915
 4.3 USD
5 months ago
Jun 18, 2024
Sell 1.86 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 388167
 4.8 USD
4 months ago
Jun 20, 2024
Sell 2.18 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 394357
 5.54 USD
4 months ago
Jun 21, 2024
Sell 1.88 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 416793
 4.51 USD
5 months ago
Jun 13, 2024
Sell 1.73 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 349519
 4.95 USD
5 months ago
Jun 14, 2024
Sell 1.83 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 366042
 5 USD
5 months ago
Jun 17, 2024
Sell 1.81 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 376320
 4.82 USD
5 months ago
Jun 13, 2024
Sell 315 K USD
GROSSMAN CARY M
Director
- 65000
 4.8529 USD
5 months ago
Jun 10, 2024
Sell 1.35 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 319747
 4.21 USD
5 months ago
Jun 11, 2024
Sell 1.26 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 308506
 4.07 USD
5 months ago
Jun 12, 2024
Sell 1.54 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 336377
 4.58 USD
5 months ago
Jun 04, 2024
Sell 1.14 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 302841
 3.77 USD
5 months ago
Jun 05, 2024
Sell 1.17 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 299953
 3.91 USD
5 months ago
Jun 06, 2024
Sell 1.24 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 298950
 4.16 USD
5 months ago
May 30, 2024
Sell 1.11 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 298778
 3.73 USD
5 months ago
May 31, 2024
Sell 1.12 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 303006
 3.69 USD
5 months ago
Jun 03, 2024
Sell 1.15 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 308973
 3.72 USD
5 months ago
May 24, 2024
Sell 1.2 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 294811
 4.08 USD
5 months ago
May 28, 2024
Sell 1.18 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 296357
 3.99 USD
5 months ago
May 29, 2024
Sell 1.16 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 300552
 3.85 USD
1 year ago
Nov 09, 2023
Sell 29.5 M USD
Bitfury Top HoldCo B.V.
10 percent owner
- 10000000
 2.95 USD
1 year ago
Aug 16, 2023
Sell 49.8 K USD
Kelly Patrick Arthur
Co-President and COO
- 15000
 3.32 USD
1 year ago
Aug 17, 2023
Sell 112 K USD
Kelly Patrick Arthur
Co-President and COO
- 35000
 3.19 USD
1 year ago
Aug 10, 2023
Sell 288 K USD
GROSSMAN CARY M
Director
- 79039
 3.64 USD
1 year ago
Aug 10, 2023
Sell 21.2 K USD
GROSSMAN CARY M
Director
- 5961
 3.55 USD
1 year ago
Aug 10, 2023
Sell 358 K USD
Iwaschuk William
Co-President and CLO
- 100000
 3.58 USD
1 year ago
Dec 01, 2022
Sell 28.7 K USD
Page Tyler
Chief Executive Officer
- 35000
 0.8194 USD
2 years ago
Sep 08, 2022
Bought 35.7 K USD
GROSSMAN CARY M
Director
+ 25000
 1.4287 USD
3 years ago
Mar 05, 2021
Sell 4.39 M USD
GLAZER CAPITAL, LLC
10 percent owner
- 400000
 10.98 USD
3 years ago
Feb 24, 2021
Sell 105 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 10000
 10.5 USD
3 years ago
Jan 20, 2021
Sell 56 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 5460
 10.25 USD
3 years ago
Jan 21, 2021
Sell 205 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 20000
 10.25 USD
3 years ago
Jan 22, 2021
Sell 206 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 20000
 10.3 USD
3 years ago
Jan 13, 2021
Sell 43 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 4219
 10.2 USD
3 years ago
Jan 14, 2021
Sell 204 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 20000
 10.2 USD
3 years ago
Jan 08, 2021
Sell 20 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 1972
 10.15 USD
3 years ago
Jan 11, 2021
Sell 203 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 20000
 10.15 USD
3 years ago
Jan 12, 2021
Sell 204 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 20000
 10.2 USD
3 years ago
Dec 24, 2020
Sell 59.3 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 5933
 10 USD
3 years ago
Dec 28, 2020
Sell 201 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 20000
 10.05 USD
4 years ago
Oct 21, 2020
Sell 54 K USD
GLAZER CAPITAL, LLC
10 percent owner
- 5010
 10.77 USD
7. News
Cipher Mining (CIFR) Q3 2024 Earnings Call Transcript Cipher Mining (NASDAQ:CIFR ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Joshua Kane - Head, IR Tyler Page - CEO Ed Farrell - CFO Conference Call Participants Mike Grondahl - Northland Paul Golding - Macquarie Mike Colonnese - H.C. Wainwright. seekingalpha.com - 2 weeks ago
Cipher Mining Inc. (CIFR) Reports Q3 Loss, Lags Revenue Estimates Cipher Mining Inc. (CIFR) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.07 per share a year ago. zacks.com - 2 weeks ago
Cipher Mining: A Bottom-Up Analysis, Q3 Earnings Outlook Analyzing Bitcoin mining stocks like Cipher Mining requires a bottom-up approach at this stage of the Bitcoin market cycle. Cipher Mining's strategic hardware purchases and hosting capacity expansion have made it an appealing stock, with a 67% increase since my December "buy" rating. Q3 is expected to show a revenue decline due to increased mining and electricity costs, but Cipher's prudent "hold-some, sell-some" Bitcoin strategy aids liquidity. seekingalpha.com - 2 weeks ago
Cipher Mining Inc. (CIFR) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release Cipher Mining (CIFR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 3 weeks ago
Cipher Mining Announces Date of Third Quarter 2024 Business Update Conference Call 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. globenewswire.com - 1 month ago
Cipher Mining Inc. (CIFR) Increases Despite Market Slip: Here's What You Need to Know In the closing of the recent trading day, Cipher Mining Inc. (CIFR) stood at $4.38, denoting a +1.39% change from the preceding trading day. zacks.com - 1 month ago
Cipher Mining Inc. (CIFR) Suffers a Larger Drop Than the General Market: Key Insights In the closing of the recent trading day, Cipher Mining Inc. (CIFR) stood at $3.82, denoting a -0.78% change from the preceding trading day. zacks.com - 1 month ago
Cipher Mining Inc. (CIFR) Falls More Steeply Than Broader Market: What Investors Need to Know In the closing of the recent trading day, Cipher Mining Inc. (CIFR) stood at $4.11, denoting a -0.72% change from the preceding trading day. zacks.com - 1 month ago
Wall Street Bulls Look Optimistic About Cipher Mining (CIFR): Should You Buy? 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. zacks.com - 1 month ago
Why Cipher Mining Stock Rocketed 12% Higher on Wednesday No fewer than two firms initiated coverage of the Bitcoin miner. Another prognosticator weighed in by reiterating his bullish outlook. fool.com - 1 month ago
Cipher Mining Announces the Closing of its Acquisition of Barber Lake 300 MW Data Center Site 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 globenewswire.com - 1 month ago
8. Profile Summary

Cipher Mining Inc. CIFR

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COUNTRY US
INDUSTRY Financial - Capital Markets
MARKET CAP $ 2.31 B
Dividend Yield 0.00%
Description Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.
Contact 1 Vanderbilt Avenue, New York, NY, 10017 https://www.ciphermining.com
IPO Date Oct. 20, 2020
Employees 35
Officers Chris Totin Chief Construction Officer Mr. Bryan Keller Chief Technology Officer Mr. Samy Biyadi Head of Power Ms. Courtney Frazier Head of Corporate Operations Ms. Olivia Stennett Chief Administrative Officer Mr. Joshua Kane Head of Investor Relation Mr. William Iwaschuk Co-President, Chief Legal Officer & Corporate Secretary Mr. Patrick Arthur Kelly Co-President & Chief Operating Officer Mr. Rodney Tyler Page Chief Executive Officer & Director Mr. Edward John Farrell CPA Chief Financial Officer