Company Overview - Cipher Mining Inc. (CIFR) shares increased by 15.9% to close at $5.68, supported by high trading volume, and have gained 42.7% over the past four weeks [1] - The stock price surge is attributed to the recent increase in Bitcoin prices, the largest cryptocurrency [1] Financial Performance - Cipher Mining is expected to report a quarterly loss of $0.12 per share, reflecting a year-over-year decline of 140% [2] - Projected revenues for the upcoming quarter are $48.37 million, which is a 31.4% increase compared to the same quarter last year [2] Earnings Estimates - The consensus EPS estimate for Cipher Mining has been revised 17.4% higher in the last 30 days, indicating a positive trend that may lead to price appreciation [3] - A strong correlation exists between earnings estimate revisions and near-term stock price movements, suggesting potential for further strength in CIFR [2][3] Industry Context - Cipher Mining is part of the Zacks Technology Services industry, which includes other companies like Crane NXT (CXT) [4] - Crane NXT's consensus EPS estimate remains unchanged at $0.96, representing a year-over-year decline of 9.4% [5] - Both Cipher Mining and Crane NXT currently hold a Zacks Rank of 3 (Hold) [4][5]

Core Insights - Cipher Mining Inc. has successfully exceeded its self-mining capacity guidance for Q2 2025, achieving approximately 3.4 EH/s at the Black Pearl site, with expectations to reach around 23.1 EH/s upon completion of installations [1][2] Production and Operations Update - In June 2025, Cipher mined approximately 160 BTC and sold about 58 BTC, ending the month with a total of approximately 1,063 BTC held [3][4] - The company has deployed 104,000 mining rigs, with a month-end operating hashrate of 16.8 EH/s and fleet efficiency of 20.8 J/TH [3][4] Strategic Decisions - Cipher's proactive 4CP avoidance strategy has allowed the company to maintain low power costs and avoid costly penalties, with insights from June informing further refinements to this model for the summer [2][3]

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]

Group 1 - Cipher Mining Inc. (CIFR) closed at $4.26, with a daily increase of +1.67%, outperforming the S&P 500's gain of 0.52% [1] - Prior to the recent trading day, CIFR shares had increased by 28.92%, contrasting with the Business Services sector's decline of 0.47% and the S&P 500's rise of 5.95% [1] Group 2 - Upcoming earnings disclosure is expected to show an EPS of -$0.12, a 140% decrease compared to the same quarter last year, while revenue is projected at $48.37 million, a 31.4% increase year-over-year [2] - Full-year estimates predict earnings of -$0.35 per share and revenue of $260.21 million, reflecting year-over-year changes of -150% and +72.01% respectively [3] Group 3 - Recent changes to analyst estimates for Cipher Mining Inc. are important as they reflect short-term business trends, with positive revisions indicating optimism about the business outlook [4] - Estimate revisions are correlated with near-term share price momentum, and investors can utilize the Zacks Rank for actionable insights [5] Group 4 - The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [6] - Cipher Mining Inc. currently holds a Zacks Rank of 3 (Hold), with an 18.82% rise in the Zacks Consensus EPS estimate over the past month [6] Group 5 - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 39, placing it in the top 16% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

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 ...

Group 1 - Cipher Mining (CIFR) mined 179 bitcoins in May [1] - The company sold 64 bitcoins during the same period [1] - Cipher Mining currently holds a total of 966 bitcoins [1]

Core Viewpoint - Cipher Mining Inc. has provided an operational update for May 2025, highlighting its bitcoin production, sales, and ongoing developments at its Black Pearl site [1]. Production and Operations Summary - In May 2025, Cipher mined approximately 179 BTC and sold around 64 BTC, ending the month with a total of approximately 966 BTC held [2][4]. - The company deployed 75,000 mining rigs, achieving a month-end operating hashrate of 13.5 EH/s and a fleet efficiency of 18.9 J/TH [2]. Financial Metrics - The estimated power sales for May are equivalent to about 4 BTC, based on a month-end bitcoin price of $104,430, and approximately 23 BTC mined at joint venture data centers representing Cipher's ownership [2][11]. - Cipher has approximately 334 BTC pledged as collateral [2][11]. Management Commentary - Cipher is making significant progress at the Black Pearl site, with the Phase I building nearly complete and legacy rigs from the Odessa upgrade relocated and ready for energization [3]. - The company has purchased additional mining rigs to utilize the full 150 MW power capacity at Phase I of Black Pearl, expecting to increase its hashrate capacity from approximately 13.5 EH/s to 23.1 EH/s upon deployment of the new rigs in early July [3]. 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 industry [6].

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].