Cipher Mining (NASDAQ:CIFR – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.
CIFR has been the subject of a number of other reports. BTIG Research restated a “buy” rating and issued a $25.00 price target on shares of Cipher Mining in a research note on Wednesday, November 5th. Morgan Stanley began coverage on shares of Cipher Mining in a research note on Monday, February 9th. They issued an “overweight” rating and a $38.00 target price for the company. JPMorgan Chase & Co. raised shares of Cipher Mining from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $18.00 in a research report on Monday, November 24th. HC Wainwright cut their price target on shares of Cipher Mining to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Cipher Mining from $13.00 to $22.00 and gave the stock a “moderate buy” rating in a research note on Tuesday, January 27th. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.46.
Check Out Our Latest Report on CIFR
Cipher Mining Trading Down 3.0%
Insider Activity at Cipher Mining
In other Cipher Mining news, Director Wesley Hastie Williams sold 49,867 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $16.08, for a total value of $801,861.36. Following the transaction, the director directly owned 158,145 shares of the company’s stock, valued at $2,542,971.60. This represents a 23.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Patrick Arthur Kelly sold 35,568 shares of Cipher Mining stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $17.76, for a total value of $631,687.68. Following the sale, the chief operating officer directly owned 1,512,644 shares of the company’s stock, valued at $26,864,557.44. This represents a 2.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 142,825 shares of company stock worth $2,319,720 in the last ninety days. 2.63% of the stock is owned by company insiders.
Institutional Trading of Cipher Mining
Institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC bought a new stake in Cipher Mining during the fourth quarter worth $25,000. Arax Advisory Partners raised its holdings in shares of Cipher Mining by 274.2% during the 4th quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock worth $27,000 after buying an additional 1,338 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Cipher Mining by 218.3% during the 4th quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock worth $28,000 after buying an additional 1,286 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Cipher Mining in the fourth quarter valued at about $28,000. Finally, Sherman Asset Management Inc. bought a new position in Cipher Mining in the third quarter valued at about $25,000. Institutional investors own 12.26% of the company’s stock.
More Cipher Mining News
Here are the key news stories impacting Cipher Mining this week:
- Positive Sentiment: Cipher’s strategic pivot to hyperscale/HPC data-center leases — management projects a material long‑term NOI stream (the company is positioning for multi‑year cash flow from data‑center leases), which could re-rate the business if execution and lease demand follow through. Cipher Digital plans $669M average annualized NOI through 2036
- Positive Sentiment: Some sell‑side support remains: HC Wainwright and Needham kept “buy” ratings (while trimming price targets), providing potential upside if the pivot gains traction and sentiment normalizes. Benzinga: Price target updates Needham lowers PT to $22
- Positive Sentiment: Market commentary and feature pieces argue the pivot is “proven” and that a re‑rating could follow if Cipher converts mining assets and secures hyperscale leases. This narrative has supported recent rallies. Cipher Digital: Pivot Proven, Re-Rating Next
- Neutral Sentiment: Management highlighted potential hyperscale/AWS-related opportunities on the earnings call; these are positive if realized but remain conditional and timeline‑dependent. TipRanks: Earnings call signals HPC pivot
- Neutral Sentiment: Short‑interest reporting in the feed shows anomalous/zero figures (likely data noise); short interest trends can amplify moves but current reported numbers are unreliable and warrant watching for corrected data.
- Negative Sentiment: Q4 results were a clear negative catalyst: EPS of ($1.92) missed expectations by a wide margin and revenue (~$59.7M) missed forecasts — GAAP net loss was reported around $734M. The magnitude of the miss is driving near‑term selling and raises questions on near‑term cash flow. Zacks: Q4 loss wider than expected Company Q4 release / slide deck
- Negative Sentiment: Zacks downgraded CIFR to a “strong sell” after the results, adding further near‑term pressure from the sell‑side community. Zacks.com downgrade TickerReport: Zacks downgrade
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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