Cipher Mining (NASDAQ:CIFR) stock jumps 10.2% after Strong earnings. Cipher Mining Inc. (NASDAQ:CIFR - Get Free Report)'s share price shot up 10.2% during trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $7.74 and last traded at $7.5580. Approximately 7,112,599 shares changed hands during trading, a decline of 77% from the average daily volume of 31,083,566 shares. The stock had previously closed at $6.86. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.03. Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%. The company had revenue of $26.70 million for the quarter, compared to analyst estimates of $39.31 million. The firm's revenue was down 62.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. Cipher Mining news summary. Here are the key news stories impacting Cipher Mining this week: * Rosenblatt Securities maintained a Buy rating while lowering its price target to $19 from $30. The revised target still implies substantial upside from recent levels. * Cantor Fitzgerald retained an Overweight rating and reduced its target to $15 from $19, indicating that analysts continue to see long-term value despite near-term execution risks. * Cipher Mining's quarterly loss of $0.22 per share was narrower than the consensus loss estimate, helped in part by non-operating items. * Keefe Bruyette cut its price target dramatically to $11 from $28, while H.C. Wainwright characterized the selloff as an attractive entry point. The divergent views highlight both the stock's valuation potential and elevated risk. * Third-quarter revenue was $26.7 million, well below the $39.3 million consensus estimate and down 62.8% year over year. Bitcoin-mining revenue fell 71%, while initial HPC rent of $5.9 million replaced only a portion of the lost revenue. * Borrowings of approximately $5.6 billion produced $59 million in quarterly interest expense, increasing pressure on profitability before the HPC data halls reach full utilization. Management also pushed back on describing the company as a "neocloud," adding uncertainty around its AI-hosting strategy. Analyst ratings changes. Several analysts recently commented on the stock. Rosenblatt Securities reduced their price target on shares of Cipher Mining from $30.00 to $19.00 and set a "buy" rating for the company in a research report on Tuesday. Freedom Capital upgraded shares of Cipher Mining to a "hold" rating in a research note on Friday, September 18th. UBS Group reissued an "overweight" rating and set a $18.00 price objective on shares of Cipher Mining in a research report on Tuesday. Rothschild & Co Redburn assumed coverage on shares of Cipher Mining in a research note on Monday, September 21st. They issued a "neutral" rating and a $18.00 price objective on the stock. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Cipher Mining in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.88. Institutional inflows and outflows. Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of Cipher Mining by 567.1% during the second quarter. Wellington Management Group LLP now owns 3,985,806 shares of the company's stock worth $97,652,000 after purchasing an additional 3,388,359 shares during the last quarter. Janus Henderson Group PLC grew its position in Cipher Mining by 1.9% in the 1st quarter. Janus Henderson Group PLC now owns 4,373,982 shares of the company's stock valued at $56,292,000 after buying an additional 81,192 shares during the last quarter. Moore Capital Management LP purchased a new position in Cipher Mining in the 2nd quarter valued at $35,077,000. Jennison Associates LLC increased its stake in Cipher Mining by 48.7% in the 1st quarter. Jennison Associates LLC now owns 2,519,281 shares of the company's stock valued at $32,423,000 after buying an additional 824,618 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Cipher Mining in the 1st quarter valued at $24,486,000. 12.26% of the stock is currently owned by hedge funds and other institutional investors. Cipher Mining stock up 11.2%. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -2.67 and a beta of 3.20. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 9.69. The firm's 50 day simple moving average is $13.99 and its 200-day simple moving average is $17.70. Cipher Mining company profile. Cipher Mining Inc (NASDAQ: CIFR) is a bitcoin mining company that develops and operates large-scale data center infrastructure in the United States. The company uses specialized application-specific integrated circuit (ASIC) computers to validate transactions on the Bitcoin network and earn bitcoin rewards. Cipher focuses on securing access to cost-effective power, building and managing mining facilities, and deploying high-performance computing equipment. Its operations are supported by power infrastructure, cooling systems, networking equipment and other data center technologies required for energy-intensive digital asset mining. The company was formed through the combination of Cipher Mining Technologies Inc and Good Works Acquisition Corp. Receive News & Ratings for Cipher Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cipher Mining and related companies with MarketBeat.com's FREE daily email newsletter.

J.P. Morgan cut its price target on Cipher Digital to $18 from $22 on Tuesday, keeping its Overweight rating. The target is 162% above the last close of $6.86, after shares fell 77% from their June high. The selloff followed a doubled Barber Lake lease, $850 million of 0% convertible notes due 2032, and a weak third quarter. Revenue fell to $26.7 million from $71.7 million a year earlier as bitcoin mining shrank, and adjusted EBITDA was a $10 million loss. Wells Fargo cut its target to $15 from $25, and KBW's is $11. Analysts expect revenue to rise from $215 million this year to $849 million in 2027 as data center rent starts, though long-term borrowings doubled to $5.4 billion.

Cipher Mining (NASDAQ:CIFR) stock price target lowered at JPMorgan Chase & Co. November 3, 2026 Key points. * JPMorgan lowered Cipher Mining's price target from $22 to $18 but maintained an "overweight" rating, implying roughly 126% upside from the stock's $7.95 price. * Analyst sentiment remains broadly positive, with a consensus "Moderate Buy" rating and average target price of $26.06, despite multiple firms recently reducing their targets. * Cipher Mining beat third-quarter loss estimates with an adjusted loss of $0.22 per share, but revenue fell 62.8% year over year to $26.7 million, well below the $39.31 million consensus estimate. * Five stocks to consider instead of Cipher Mining. Cipher Mining (NASDAQ:CIFR - Get Free Report) had its price target lowered by research analysts at JPMorgan Chase & Co. from $22.00 to $18.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 126.30% from the stock's current price. Other equities research analysts also recently issued reports about the stock. Freedom Capital upgraded shares of Cipher Mining to a "hold" rating in a research report on Friday, September 18th. Citigroup restated a "market outperform" rating on shares of Cipher Mining in a research note on Monday, August 10th. Morgan Stanley dropped their price objective on Cipher Mining from $54.00 to $51.50 and set an "overweight" rating for the company in a report on Monday, October 12th. Wells Fargo & Company cut their target price on Cipher Mining from $25.00 to $15.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, HC Wainwright reissued a "buy" rating on shares of Cipher Mining in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.06. Cipher Mining price performance. Shares of Cipher Mining stock traded up $1.09 during trading on Tuesday, hitting $7.95. 32,677,250 shares of the company's stock traded hands, compared to its average volume of 31,202,277. The company has a debt-to-equity ratio of 9.69, a current ratio of 3.00 and a quick ratio of 3.00. The firm's fifty day moving average price is $13.99 and its 200 day moving average price is $17.70. Cipher Mining has a twelve month low of $6.62 and a twelve month high of $30.14. The company has a market cap of $3.30 billion, a PE ratio of -2.78 and a beta of 3.20. Cipher Mining (NASDAQ:CIFR - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.03. Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%. The company had revenue of $26.70 million during the quarter, compared to the consensus estimate of $39.31 million. During the same period in the prior year, the company earned $0.10 earnings per share. The company's revenue for the quarter was down 62.8% compared to the same quarter last year. Analysts forecast that Cipher Mining will post -1.36 earnings per share for the current year. Institutional investors weigh in on Cipher Mining. Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its holdings in shares of Cipher Mining by 567.1% in the second quarter. Wellington Management Group LLP now owns 3,985,806 shares of the company's stock valued at $97,652,000 after acquiring an additional 3,388,359 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Cipher Mining during the 1st quarter valued at $24,486,000. Moore Capital Management LP bought a new stake in shares of Cipher Mining during the 2nd quarter worth $35,077,000. Troluce Capital Advisors LLC bought a new stake in shares of Cipher Mining during the 1st quarter worth $17,374,000. Finally, Bank of America Corp DE boosted its holdings in shares of Cipher Mining by 237.7% in the 1st quarter. Bank of America Corp DE now owns 1,414,667 shares of the company's stock worth $18,207,000 after buying an additional 995,735 shares during the last quarter. 12.26% of the stock is owned by institutional investors. Cipher Mining news roundup. Here are the key news stories impacting Cipher Mining this week: * Cipher said it is expanding its high-performance computing (HPC) footprint, supported by $16.6 billion in contracted revenue, improved economics for its Barber Lake lease and a 5.9-gigawatt development pipeline. These figures strengthen the long-term investment case if the company can deliver the planned capacity. * The stock is participating in a sector-wide rebound among former Bitcoin miners transitioning into AI data-center hosting, helping restore investor interest in CIFR and comparable companies. * Analysts at Needham, Rosenblatt and Cantor retained bullish ratings despite reducing their price targets, indicating that they still see substantial upside tied to the HPC strategy. * Third-quarter adjusted loss was better than expected at $0.22 per share versus the forecasted $0.25 loss, but the earnings improvement was overshadowed by weak revenue. * Revenue was $26.7 million, well below the $39.31 million consensus estimate and down 62.8% year over year. Bitcoin-mining revenue fell 71%, while initial HPC rent of $5.9 million replaced only part of the lost mining revenue. * High financing costs remain a major concern: reported borrowings of approximately $5.6 billion contributed to about $59 million in quarterly interest expense before the new data-center facilities are generating full rent. * Multiple firms cut their price targets, including Keefe Bruyette to $11, reflecting a reset in valuation after the revenue miss and uncertainty over the timing and profitability of HPC expansion. Cipher Mining company profile. Cipher Mining Inc NASDAQ: CIFR is a bitcoin mining company that develops and operates large-scale data center infrastructure in the United States. The company uses specialized application-specific integrated circuit (ASIC) computers to validate transactions on the Bitcoin network and earn bitcoin rewards. Cipher focuses on securing access to cost-effective power, building and managing mining facilities, and deploying high-performance computing equipment. Its operations are supported by power infrastructure, cooling systems, networking equipment and other data center technologies required for energy-intensive digital asset mining. The company was formed through the combination of Cipher Mining Technologies Inc and Good Works Acquisition Corp. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Cipher Mining, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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