California State Teachers Retirement System Increases Position in Cipher Mining Inc. $CIFR

Key Points

• California State Teachers Retirement System increased its Cipher Mining stake by 22.2% in the first quarter, acquiring 66,518 shares and bringing its holdings to 365,966 shares worth approximately $4.71 million. Institutional investors collectively own 12.26% of CIFR.
• Cipher Mining reported a weaker-than-expected quarter, posting a $0.65 loss per share versus the $0.25 estimated loss and revenue of $24.84 million below the $31.86 million forecast. The stock opened at $17.18, while the company continues to face negative margins and high leverage.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $28.53 price target, supported by the company’s early delivery of Black Pearl HPC capacity. However, insiders sold 3.2 million shares worth $82.7 million over the past quarter, and some analysts recently lowered their price targets.

California State Teachers Retirement System increased its holdings in Cipher Mining Inc. (NASDAQ:CIFR - Free Report) by 22.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,966 shares of the company's stock after acquiring an additional 66,518 shares during the period. California State Teachers Retirement System owned about 0.09% of Cipher Mining worth $4,710,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CIFR. Abel Hall LLC increased its stake in Cipher Mining by 3.8% in the 1st quarter. Abel Hall LLC now owns 20,140 shares of the company's stock worth $259,000 after acquiring an additional 739 shares during the last quarter. CWM LLC grew its holdings in shares of Cipher Mining by 43.3% during the fourth quarter. CWM LLC now owns 2,661 shares of the company's stock worth $39,000 after purchasing an additional 804 shares in the last quarter. Prospera Financial Services Inc grew its holdings in shares of Cipher Mining by 6.7% during the fourth quarter. Prospera Financial Services Inc now owns 15,600 shares of the company's stock worth $230,000 after purchasing an additional 980 shares in the last quarter. Arax Advisory Partners increased its position in shares of Cipher Mining by 274.2% in the fourth quarter. Arax Advisory Partners now owns 1,826 shares of the company's stock worth $27,000 after purchasing an additional 1,338 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Cipher Mining by 31.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,718 shares of the company's stock worth $86,000 after purchasing an additional 1,623 shares during the last quarter. 12.26% of the stock is currently owned by institutional investors.

More Cipher Mining News

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Cipher reported that it delivered its initial Black Pearl HPC capacity two months ahead of schedule. The early delivery supports the company’s strategy of expanding beyond bitcoin mining, while management also highlighted a growing data-center pipeline and project-financing efforts. Cipher Digital Q2 Earnings Call Highlights Early HPC Delivery
• Positive Sentiment: Rosenblatt Securities reaffirmed its “Buy” rating, while Chardan Capital previously reiterated its own “Buy” recommendation. These ratings indicate that some analysts continue to see substantial long-term upside in CIFR’s HPC and data-center plans. Rosenblatt Reaffirms Buy Rating
• Neutral Sentiment: JPMorgan maintained an “Overweight” rating but reduced its price target to $22 from $23. Keefe, Bruyette & Woods also lowered its target to $28 from $32 while retaining an “Outperform” rating. The cuts temper near-term expectations, although both targets remain above the current trading level.
• Neutral Sentiment: Large call-option activity suggests some traders are positioning for a rebound, but options flow can also reflect short-term speculation rather than a change in the company’s fundamentals. Large Volume of Call Options
• Negative Sentiment: Investors remain focused on Cipher Mining’s weak quarterly performance: the company reported a larger-than-expected loss and revenue below analyst forecasts. Its negative margins and high debt-to-equity ratio increase concern about profitability and funding needs. Cipher Mining Shares Gap Down Following Weak Earnings
• Negative Sentiment: CIFR is also declining alongside MARA Holdings and TeraWulf as cryptocurrency-mining stocks sell off despite bitcoin trading near $65,000. The sector reaction indicates that quarterly losses and company-specific execution concerns are outweighing support from bitcoin’s price. Crypto Mining Stocks Fall as Q2 Losses Outweigh Bitcoin Strength

Insider Buying and Selling

In related news, CEO Tyler Page sold 112,500 shares of the company's stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $21.19, for a total transaction of $2,383,875.00. Following the completion of the sale, the chief executive officer directly owned 9,084,225 shares in the company, valued at $192,494,727.75. This represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cary M. Grossman sold 15,000 shares of the business's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $29.43, for a total transaction of $441,450.00. Following the completion of the transaction, the director owned 143,829 shares in the company, valued at $4,232,887.47. The trade was a 9.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,197,167 shares of company stock valued at $82,740,496 over the last quarter. Company insiders own 3.09% of the company's stock.

Cipher Mining Trading Down 5.7%

Shares of CIFR stock opened at $17.18 on Friday. The business has a 50-day moving average of $22.95 and a 200 day moving average of $19.13. The company has a debt-to-equity ratio of 9.69, a current ratio of 3.00 and a quick ratio of 3.13. Cipher Mining Inc. has a 1-year low of $4.55 and a 1-year high of $30.14. The stock has a market capitalization of $7.13 billion, a PE ratio of -6.01 and a beta of 3.20.

Cipher Mining (NASDAQ:CIFR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.65) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.40). The company had revenue of $24.84 million during the quarter, compared to analysts' expectations of $31.86 million. Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.During the same period last year, the firm earned ($0.12) earnings per share. As a group, sell-side analysts anticipate that Cipher Mining Inc. will post -0.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CIFR. Morgan Stanley set a $43.50 price target on shares of Cipher Mining in a report on Thursday. Rosenblatt Securities reiterated a "buy" rating and issued a $30.00 price objective on shares of Cipher Mining in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Cipher Mining from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday. Weiss Ratings restated a "sell (d-)" rating on shares of Cipher Mining in a research report on Wednesday, June 24th. Finally, Needham & Company LLC upped their target price on Cipher Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $28.53.

About Cipher Mining

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.

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