Group 1 - Cipher Mining, Inc. has commenced operations at its Black Pearl facility in Texas, achieving an initial hashrate of 2.5 exahashes per second (EH/s) with plans to reach 9.6 EH/s in Phase I and a total hashrate of 23.1 EH/s by Q3 [1][2] - The company started mining Bitcoin ahead of schedule, indicating strong operational efficiency [1] - Analysts from Cantor Fitzgerald have reiterated a "Buy" rating for Cipher's stock, raising the price target from $4 to $6 [1] Group 2 - Cipher Mining has a market capitalization of $1.64 billion and focuses on building and operating industrial-scale data centers for Bitcoin mining and high-performance computing [2] - The stock price of Cipher increased by 6.12% in pre-market trading, following a 2.51% rise during the previous trading session, with a notable 25% increase over the past week and over 50% in the last month [2]

Cipher Mining Inc. (CIFR) closed the most recent trading day at $4.26, moving +1.67% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.52%. On the other hand, the Dow registered a gain of 1%, and the technology-centric Nasdaq increased by 0.52%. Prior to today's trading, shares of the company had gained 28.92% outpaced the Business Services sector's loss of 0.47% and the S&P 500's gain of 5.95%.Analysts and investors alike will be keeping a close eye on th ...

Cipher Mining Inc. (CIFR) closed the most recent trading day at $3.53, moving -6.86% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.96%. On the other hand, the Dow registered a gain of 0.89%, and the technology-centric Nasdaq increased by 0.94%. The company's stock has climbed by 9.22% in the past month, exceeding the Business Services sector's loss of 5.01% and the S&P 500's gain of 0.5%.Investors will be eagerly watching for the performance of Cipher Mi ...

Successfully energizes 300 MW Black Pearl site Commences hashing at 150 MW Black Pearl Phase I Total Cipher hashrate currently at ~16 EH/s and expected to increase to ~23.1 EH/s during the third quarter NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leader in the development of industrial-scale data centers, today announced the successful energization and commencement of hashing at its Black Pearl site. Hashrate currently generated at the site is ...

NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for May 2025. Key Highlights Key MetricsMay 2025BTC Mined1179BTC Sold64BTC Held2966Deployed Mining Rigs75,000Month End Operating Hashrate (EH/s)13.5Month End Fleet Efficiency (J/TH)18.9 1 Includes May power sales estimates (based on current meter dat ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cipher Mining Inc. (CIFR) .Cipher Mining currently has an average brokerage recommendation (ABR ...

Core Viewpoint - Cipher Mining Inc. has announced a public offering of $150 million in convertible senior notes due 2030, with a potential additional $22.5 million for over-allotments, aimed at financing its data center project and other corporate purposes [1][5]. Group 1: Offering Details - The notes will have a 1.75% annual interest rate, payable semi-annually, and will mature on May 15, 2030 [2]. - The initial conversion rate is set at 224.9213 shares of common stock per $1,000 principal amount of notes, equating to an initial conversion price of approximately $4.45 per share, representing a 30% premium over the concurrent public offering price of $3.42 per share [2]. - The notes can be redeemed by the company starting May 22, 2028, if the stock price exceeds 130% of the conversion price for a specified period [3]. Group 2: Use of Proceeds - The net proceeds from the offering are expected to be $145.875 million, which will be used to complete Phase 1 of the Black Pearl data center project, including purchasing mining rigs, paying tariffs, and other infrastructure-related expenditures [5]. - An amendment to the Future Sales and Purchase Agreement with Bitmain Technologies has been made to accelerate rig delivery and reduce costs by 10% [5]. Group 3: Concurrent Offering - Concurrently, Morgan Stanley will offer 17,540,000 shares of Cipher's common stock at $3.42 per share to facilitate hedging transactions related to the notes offering [6][7]. - The completion of the notes offering is contingent on the successful completion of the concurrent delta offering [7]. Group 4: Company Overview - Cipher focuses on developing and operating industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting, aiming to be a market leader in innovation within the sector [10].

NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced its intention to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of convertible senior notes due 2030 (the “notes”) in a public offering registered under the Securities Act of 1933, as amended. Cipher also expects to grant the underwriters of the notes offering an option to purchase up to an additional $22,500,000 aggregate principal amount of notes ...

Cipher Mining (CIFR) FY Conference May 19, 2025 09:45 AM ET Speaker0 Yeah. Well, good morning, everybody, and thank you for joining us here today for a discussion on crypto mining. We have three of the top crypto mining companies in the world here with us today, Fifth Year, Cypher, and Greenspark. Thank you all for joining us. Let's start, and why don't we take a moment for you to just introduce yourselves and tell us a little bit about your respective companies. Alright, sir. Carrie Vicarelli, chief branch ...

Core Viewpoint - Cipher Mining Inc. reported a quarterly loss of $0.11 per share, aligning with the Zacks Consensus Estimate, compared to earnings of $0.13 per share a year ago [1] - The company has shown mixed performance in terms of revenue and earnings estimates over the past quarters [2][6] Financial Performance - Cipher Mining's revenues for the quarter ended March 2025 were $48.96 million, missing the Zacks Consensus Estimate by 2.48%, but showing an increase from $48.14 million year-over-year [2] - The company has surpassed consensus revenue estimates only once in the last four quarters [2] Stock Performance - Cipher Mining shares have declined approximately 35.8% since the beginning of the year, contrasting with the S&P 500's decline of 3.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.13 on revenues of $51.68 million, and for the current fiscal year, it is -$0.39 on revenues of $255.36 million [7] - The trend of estimate revisions for Cipher Mining is mixed, which may change following the recent earnings report [6] Industry Context - The Technology Services industry, to which Cipher Mining belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]