Cipher MiningCIFR
CIFR
About: Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.
Employees: 35
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
47% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 30
43% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 40
9% more funds holding
Funds holding: 149 [Q2] → 163 (+14) [Q3]
3% more call options, than puts
Call options by funds: $12.4M | Put options by funds: $12M
0.97% less ownership
Funds ownership: 30.31% [Q2] → 29.34% (-0.97%) [Q3]
3% less capital invested
Capital invested by funds: $390M [Q2] → $378M (-$12M) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$7
53%
upside
Avg. target
$7.91
73%
upside
High target
$9
97%
upside
8 analyst ratings
8 positive
100%
0 neutral
0%
0 negative
0%
JP Morgan Reginald Smith 54% 1-year accuracy 14 / 26 met price target | 75%upside $8 | Overweight Upgraded | 10 Dec 2024 |
Northland Capital Markets Mike Grondahl 63% 1-year accuracy 27 / 43 met price target | 86%upside $8.50 | Outperform Maintained | 4 Dec 2024 |
BTIG Gregory Lewis 43% 1-year accuracy 21 / 49 met price target | 97%upside $9 | Buy Maintained | 15 Nov 2024 |
Macquarie Paul Golding 77% 1-year accuracy 34 / 44 met price target | 59%upside $7.25 | Outperform Maintained | 7 Nov 2024 |
Canaccord Genuity Joseph Vafi 65% 1-year accuracy 53 / 82 met price target | 53%upside $7 | Buy Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 3 articles about CIFR published over the past 30 days
Positive
Zacks Investment Research
2 weeks ago
Is Cipher Mining (CIFR) a Buy as Wall Street Analysts Look Optimistic?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Positive
Benzinga
2 weeks ago
Bitcoin Miners CleanSpark, Cipher Mining Win JPMorgan Support For Growth, Efficiency Edge
JPMorgan doesn't often issue upgrades to two bitcoin miners at once, but that's exactly what happened on Tuesday with CleanSpark Inc CLSK and Cipher Mining Inc CIFR.
Neutral
GlobeNewsWire
3 weeks ago
Cipher Mining Announces November 2024 Operational Update
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for November 2024.
Negative
Zacks Investment Research
1 month ago
Brokers Suggest Investing in Cipher Mining (CIFR): Read This Before Placing a Bet
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.
Neutral
Seeking Alpha
1 month ago
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.
Negative
Zacks Investment Research
1 month 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.
Negative
Seeking Alpha
2 months 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.
Positive
Zacks Investment Research
2 months 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.
Neutral
GlobeNewsWire
2 months 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.
Negative
Zacks Investment Research
2 months 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.
Charts implemented using Lightweight Charts™