Cipher Mining (CIFR) Projected to Post Earnings on Thursday

Cipher Mining (NASDAQ:CIFR - Get Free Report) is projected to release its Q2 2025 earnings data 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 posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $48.96 million during the quarter, compared to the consensus estimate of $53.57 million. Cipher Mining had a negative net margin of 81.21% and a negative return on equity of 17.77%. 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 Stock Down 9.7%

Shares of NASDAQ:CIFR traded down $0.53 during trading on Friday, hitting $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 has a 50 day moving average price of $4.85 and a two-hundred day moving average price of $4.15. The company has a market capitalization of $1.65 billion, a PE ratio of -13.69 and a beta of 2.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. Cipher Mining has a fifty-two week low of $1.86 and a fifty-two week high of $7.77.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Cipher Mining

In other Cipher Mining news, major shareholder Holding Ltd V3 sold 369,984 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $5.61, for a total transaction of $2,075,610.24. Following the completion of the transaction, the insider directly owned 90,942,259 shares of the company's stock, valued at $510,186,072.99. This trade represents a 0.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Top Holdco B.V. Bitfury sold 289,145 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $6.06, for a total transaction of $1,752,218.70. Following the transaction, the insider directly owned 93,378,292 shares of the company's stock, valued at approximately $565,872,449.52. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,314,323 shares of company stock worth $32,144,964 in the last ninety days. 2.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cipher Mining stock. Millennium Management LLC acquired a new stake in Cipher Mining Inc. (NASDAQ:CIFR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,050,381 shares of the company's stock, valued at approximately $9,316,000. Millennium Management LLC owned about 1.09% of Cipher Mining as of its most recent SEC filing. Institutional investors and hedge funds own 12.26% of the company's stock.

Cipher Mining Company Profile

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.