Cipher Mining (CIFR) Projected to Post Quarterly Earnings on Thursday

Cipher Mining (NASDAQ:CIFR - Get Free Report) is expected to announce its Q2 2025 earnings results before the market opens on Thursday, August 7th. Analysts expect Cipher Mining to post earnings of ($0.12) per share and revenue of $51.89 million for the quarter.

Cipher Mining (NASDAQ:CIFR - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.11). Cipher Mining had a negative return on equity of 17.77% and a negative net margin of 81.21%. The company had revenue of $48.96 million during the quarter, compared to the consensus estimate of $53.57 million. On average, analysts expect Cipher Mining to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cipher Mining Trading Down 9.7%

CIFR stock traded down $0.53 during midday trading on Friday, reaching $4.93. The company's stock had a trading volume of 18,939,017 shares, compared to its average volume of 33,632,744. The business's 50-day simple moving average is $4.82 and its 200-day simple moving average is $4.16. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.01. Cipher Mining has a 52 week low of $1.86 and a 52 week high of $7.77. The stock has a market cap of $1.65 billion, a PE ratio of -13.69 and a beta of 2.72.

Insider Buying and Selling at Cipher Mining

In other Cipher Mining news, major shareholder Top Holdco B.V. Bitfury sold 667,010 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $6.11, for a total transaction of $4,075,431.10. Following the completion of the sale, the insider owned 93,667,437 shares of the company's stock, valued at approximately $572,308,040.07. This represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Holding Ltd V3 sold 500,000 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $6.19, for a total transaction of $3,095,000.00. Following the sale, the insider owned 91,378,292 shares of the company's stock, valued at approximately $565,631,627.48. This trade represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,314,323 shares of company stock valued at $32,144,964 in the last ninety days. Insiders own 2.89% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cipher Mining stock. Millennium Management LLC acquired a new position in shares of Cipher Mining Inc. (NASDAQ:CIFR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,050,381 shares of the company's stock, valued at approximately $9,316,000. Millennium Management LLC owned approximately 1.09% of Cipher Mining as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 12.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CIFR. Jones Trading assumed coverage on shares of Cipher Mining in a report on Monday, July 21st. They issued a "hold" rating on the stock. Canaccord Genuity Group reissued a "buy" rating and set a $8.00 target price on shares of Cipher Mining in a report on Thursday, May 8th. Rosenblatt Securities reaffirmed a "buy" rating and set a $5.50 price objective on shares of Cipher Mining in a research report on Wednesday, May 7th. HC Wainwright reissued a "buy" rating on shares of Cipher Mining in a research report on Tuesday, May 6th. Finally, Cantor Fitzgerald raised their target price on shares of Cipher Mining from $4.00 to $6.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Cipher Mining presently has an average rating of "Buy" and an average price target of $7.63.

About Cipher Mining

Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.