Cipher Mining (NASDAQ:CIFR) Shares Up 9.3% – Still a Buy?

Cipher Mining Inc. (NASDAQ:CIFR) traded up 9.3% during mid-day trading on Monday . The stock traded as high as $24.43 and last traded at $24.3930. Approximately 9,861,944 shares traded hands during trading, a decline of 64% from the average session volume of 27,097,590 shares. The stock had previously closed at $22.32.

Key Stories Impacting Cipher Mining

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

• Positive Sentiment: Data-center growth plans remain a major catalyst. Cipher accelerated initial capacity delivery at its Black Pearl campus at the request of its investment-grade hyperscale tenant, acquired an option for a 900-megawatt site near San Antonio, Texas, and completed project-level financing intended to fully fund development of its third data center. Cipher Digital Provides Second Quarter 2026 Business Update
• Positive Sentiment: Analysts remain optimistic despite the weak quarter. Chardan Capital reaffirmed its “buy” rating and set a $32 price target, while brokerage estimates compiled in a separate report average $28.74. These targets imply meaningful potential upside if Cipher executes its data-center strategy. Brokerages Set Cipher Mining Inc. Price Target at $28.74
• Neutral Sentiment: Options activity pointed to increased speculative interest. Traders purchased 149,349 call options, 39% above typical daily call volume. The activity may reflect bullish positioning, but it does not guarantee sustained buying in the stock.
• Negative Sentiment: Second-quarter results fell well short of expectations. Cipher reported a loss of $0.65 per share versus the consensus loss estimate of $0.24 and revenue of $24.84 million versus expectations of $31.86 million. The loss also widened from $0.12 per share a year earlier. Cipher Digital Reports Q2 Loss and Lags Revenue Estimates
• Negative Sentiment: Profitability remains deeply negative. Cipher posted a negative net margin of 427.79% and negative return on equity of 117.65%. The earnings call also highlighted accounting-related noise, adding uncertainty while the company transitions toward larger-scale data-center operations.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CIFR shares. Cantor Fitzgerald dropped their target price on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Jefferies Financial Group assumed coverage on Cipher Mining in a research report on Thursday, May 14th. They set a “buy” rating and a $32.00 price target for the company. Sanford C. Bernstein began coverage on shares of Cipher Mining in a research report on Wednesday, June 3rd. They issued an “outperform” rating and a $32.00 price objective for the company. HC Wainwright lifted their price target on Cipher Mining from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC increased their target price on Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.74.

Cipher Mining Stock Down 15.6%

The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 6.13. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of -8.75 and a beta of 3.20. The stock has a 50 day moving average of $23.33 and a 200 day moving average of $19.14.

Cipher Mining (NASDAQ:CIFR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.41). The firm had revenue of $24.84 million for the quarter, compared to the consensus estimate of $31.86 million. Cipher Mining had a negative return on equity of 117.65% and a negative net margin of 427.79%.During the same quarter last year, the business earned ($0.12) earnings per share. As a group, analysts expect that Cipher Mining Inc. will post -0.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Cipher Mining

In other Cipher Mining news, major shareholder Holding Ltd V3 sold 1,800,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.62, for a total value of $47,916,000.00. Following the sale, the insider owned 59,516,694 shares in the company, valued at approximately $1,584,334,394.28. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wesley Hastie Williams sold 14,567 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $21.41, for a total value of $311,879.47. Following the completion of the sale, the director owned 115,409 shares in the company, valued at approximately $2,470,906.69. This represents a 11.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,197,167 shares of company stock worth $82,740,496. 3.09% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cipher Mining

Several large investors have recently bought and sold shares of CIFR. CoreCap Advisors LLC increased its position in shares of Cipher Mining by 41.7% during the 2nd quarter. CoreCap Advisors LLC now owns 1,700 shares of the company’s stock valued at $42,000 after purchasing an additional 500 shares during the period. Abel Hall LLC boosted its position in shares of Cipher Mining by 3.8% in the first quarter. Abel Hall LLC now owns 20,140 shares of the company’s stock worth $259,000 after buying an additional 739 shares during the period. Rathbones Group PLC increased its holdings in shares of Cipher Mining by 7.0% in the 1st quarter. Rathbones Group PLC now owns 11,495 shares of the company’s stock valued at $148,000 after purchasing an additional 750 shares during the period. CWM LLC lifted its position in Cipher Mining by 43.3% in the 4th quarter. CWM LLC now owns 2,661 shares of the company’s stock worth $39,000 after buying an additional 804 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in shares of Cipher Mining by 6.7% during the 4th quarter. Prospera Financial Services Inc now owns 15,600 shares of the company’s stock valued at $230,000 after buying an additional 980 shares during the last quarter. 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.