Cipher Mining (NASDAQ:CIFR) Rating Increased to Hold at Zacks Research

Cipher Mining (NASDAQ:CIFR) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Cipher Mining in a report on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and set a $22.00 price objective on shares of Cipher Mining in a research report on Wednesday. Wall Street Zen downgraded Cipher Mining from a “hold” rating to a “strong sell” rating in a report on Sunday, March 1st. Canaccord Genuity Group reissued a “buy” rating and issued a $27.00 target price on shares of Cipher Mining in a report on Monday, December 15th. Finally, Keefe, Bruyette & Woods dropped their target price on Cipher Mining from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Fourteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.68.

Cipher Mining Stock Performance

Shares of NASDAQ CIFR opened at $14.35 on Wednesday. The firm’s 50-day moving average price is $15.81 and its 200-day moving average price is $16.25. Cipher Mining has a 52-week low of $1.86 and a 52-week high of $25.52. The company has a market cap of $5.81 billion, a PE ratio of -6.64 and a beta of 2.96. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 3.37.

Insider Activity at Cipher Mining

In related news, Director James E. Newsome sold 45,161 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $15.74, for a total value of $710,834.14. Following the transaction, the director directly owned 127,331 shares of the company’s stock, valued at approximately $2,004,189.94. The trade was a 26.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary M. Grossman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.54, for a total value of $436,200.00. Following the completion of the transaction, the director owned 170,530 shares of the company’s stock, valued at $2,479,506.20. The trade was a 14.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 146,297 shares of company stock valued at $2,311,530. 2.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cipher Mining

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Cipher Mining by 43.2% in the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock worth $482,360,000 after purchasing an additional 9,865,533 shares in the last quarter. Situational Awareness LP grew its position in shares of Cipher Mining by 82.4% during the fourth quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock valued at $154,524,000 after purchasing an additional 4,728,600 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Cipher Mining by 7.3% in the fourth 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 last quarter. State Street Corp lifted its position in shares of Cipher Mining by 10.2% in the fourth quarter. State Street Corp now owns 8,078,423 shares of the company’s stock worth $119,238,000 after buying an additional 745,030 shares in the last quarter. Finally, Value Aligned Research Advisors LLC boosted its stake in Cipher Mining by 45.9% during the fourth 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 last quarter. 12.26% of the stock is owned by hedge funds and other institutional investors.

More Cipher Mining News

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

• Positive Sentiment: Signed a 15‑year data‑center campus lease with an investment‑grade hyperscale tenant and secured a revolving credit facility of up to $200 million — this materially improves long‑term revenue visibility and near‑term liquidity for expansion. Cipher Digital Announces Business Updates
• Positive Sentiment: Brokerages reaffirmed Buy ratings with elevated price targets (Needham $22, Rosenblatt $24), signaling analyst conviction and implying substantial upside from current levels if execution continues. Benzinga
• Positive Sentiment: Media coverage frames the hyperscaler deal as evidence of rising AI/datacenter demand, which can re-rate data‑center operators and attract investor interest. Barron’s
• Neutral Sentiment: Wall Street commentary highlights growing analyst optimism; coverage can amplify price moves but does not change underlying bitcoin‑mining fundamentals immediately. Zacks
• Neutral Sentiment: Institutional activity shows both new buys and position increases by several funds (e.g., Goldman Sachs, Millennium), which can support liquidity but also reflect active trading rather than consensus conviction.
• Negative Sentiment: Director Cary M. Grossman sold 30,000 shares (~15% reduction in his reported holding); insider sales can be perceived as profit‑taking and may weigh on sentiment near-term. SEC Form 4 – Insider Sale
• Negative Sentiment: Crypto‑mining peers and Cipher itself reacted to downward pressure in Bitcoin/crypto markets today, leading to sectorwide weakness and heavier selling in mining stocks. 247WallSt
• Negative Sentiment: Market alerts note Cipher registered a larger decline than the broader market today, highlighting that short‑term traders are rapidly pricing in the mix of news. Zacks – Intraday Drop

Cipher Mining Company Profile

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.