Cipher Mining (NASDAQ:CIFR) Shares Gap Up – Here’s What Happened

Cipher Mining Inc. (NASDAQ:CIFR)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $16.33, but opened at $17.19. Cipher Mining shares last traded at $18.0240, with a volume of 5,920,845 shares changing hands.

Cipher Mining News Roundup

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

• Positive Sentiment: HC Wainwright expects Cipher Mining’s losses to narrow significantly through 2027, from projected losses of $0.08 per share in the first quarter to $0.02 in the third quarter, followed by positive EPS of $0.01 in the fourth quarter. The firm maintained its Buy rating and $30 target. Cipher Mining analyst estimates
• Neutral Sentiment: Short-interest data showed zero reported shares sold short and a zero-day short-interest ratio. Because the figures appear anomalous, they provide little useful indication of potential short-covering or selling pressure.
• Negative Sentiment: HC Wainwright cut its 2026 EPS forecast to a $1.44 loss from its prior estimate, including a reduction in third-quarter EPS to a $0.35 loss and fourth-quarter EPS to a $0.16 loss. The firm still retains its Buy rating and $30 target.
• Negative Sentiment: Northland Securities made deeper reductions, lowering its 2026 EPS forecast to a $1.35 loss from a $0.52 loss previously. Its third-quarter estimate fell to a $0.26 loss from $0.11, while its fourth-quarter estimate declined to $0.16 from $0.01.
• Negative Sentiment: The forecast cuts add to concerns following Cipher Mining’s latest quarterly results, which missed both revenue and EPS expectations. A separate valuation report also characterized the shares as still overvalued after a recent decline. Cipher Mining valuation report

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Cipher Mining in a report on Thursday, May 14th. They issued a “buy” rating and a $32.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a report on Wednesday, June 24th. Needham & Company LLC boosted their price target on shares of Cipher Mining from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, May 15th. HC Wainwright upped their price objective on shares of Cipher Mining from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Cipher Mining from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cipher Mining currently has an average rating of “Moderate Buy” and a consensus target price of $28.61.

Cipher Mining Price Performance

The company has a debt-to-equity ratio of 9.69, a current ratio of 3.00 and a quick ratio of 3.00. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of -6.25 and a beta of 3.20. The stock has a 50 day moving average price of $22.45 and a two-hundred day moving average price of $19.12.

Cipher Mining (NASDAQ:CIFR) last posted its earnings results on Tuesday, August 4th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.40). The firm had revenue of $24.84 million for the quarter, compared to analyst estimates 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 in the previous year, the company posted ($0.12) EPS. As a group, analysts expect that Cipher Mining Inc. will post -1.37 EPS for the current year.

Insider Buying and Selling at Cipher Mining

In other news, CEO Tyler Page sold 112,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $21.19, for a total value of $2,383,875.00. Following the completion of the transaction, the chief executive officer owned 9,084,225 shares of the company’s stock, valued at approximately $192,494,727.75. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Holding Ltd V3 sold 1,200,000 shares of Cipher Mining stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $25.49, for a total transaction of $30,588,000.00. Following the completion of the transaction, the insider owned 58,316,694 shares of the company’s stock, valued at $1,486,492,530.06. This trade represents a 2.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,145,825 shares of company stock valued at $81,741,167. Corporate insiders own 3.09% of the company’s stock.

Hedge Funds Weigh In On Cipher Mining

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Cipher Mining by 43.2% in the fourth quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock valued at $482,360,000 after acquiring an additional 9,865,533 shares in the last quarter. Situational Awareness LP grew its stake in Cipher Mining by 82.4% during the 4th quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock worth $154,524,000 after purchasing an additional 4,728,600 shares in the last quarter. Geode Capital Management LLC increased its holdings in Cipher Mining by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 8,164,226 shares of the company’s stock worth $120,519,000 after purchasing an additional 558,105 shares during the period. State Street Corp raised its position in Cipher Mining by 10.2% in the 4th quarter. State Street Corp now owns 8,078,423 shares of the company’s stock valued at $119,238,000 after purchasing an additional 745,030 shares in the last quarter. Finally, Value Aligned Research Advisors LLC boosted its stake in shares of Cipher Mining by 45.9% in the 4th quarter. Value Aligned Research Advisors LLC now owns 7,447,495 shares of the company’s stock valued at $109,925,000 after buying an additional 2,342,958 shares during the period. Institutional investors and hedge funds own 12.26% of the company’s stock.

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.