Reading the tape
NASDAQ: CIFR
Cipher Mining Inc.
Financial Services · Financial - Capital Markets
Market Cap
$7.63B
52w High
$25.52
52w Low
$2.88
P/E
-8.49
Volume
4.86M
Outstanding Shares
405.91M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 500.34%Revenue (TTM): 48.04%FCF (TTM): -77.79%P/S: 92nd pct
What changed
The stock rose 500.34% over the last year. Revenue grew 48.04% over the trailing twelve months. Operating margin moved from -28.89% to -76.7%. Free cash flow declined 77.79% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at -76.7%. A decisive move in revenue — currently up 48.04% — would be the clearest signal to resolve the ambiguity.
Company profile
Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States.
CEORodney Tyler Page
SectorFinancial Services
IndustryFinancial - Capital Markets
Employees43
IPO dateOct 20, 2020
Valuation
Forward P/E—
EV/EBITDA269.26
Enterprise value$7.77B
Price / Book9.47
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth41.42%
Gross margin-60.45%▼425.31%vs FY2024
Operating margin-76.7%▼165.50%vs FY2024
ROE-102.07%▼1459.54%vs FY2024
Analyst consensus
RatingBuy
Target price$27.63▲46.97%
12
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est -$0.27 · Revenue est $36.01M
View