Search/
Company exports
CSV downloadsPro company pages include CSV downloads for statements, ratios, chart data, and transcript indexes.
DC Infra·CIFR
Cipher Mining Inc.
NASDAQ · US
Data center operator with bitcoin mining roots developing high-performance computing and AI hosting capacity.
AI relevance
Public AI compute hosting pivot with powered campus assets and hyperscale-style AI infrastructure demand.
Price
$29.18
Change
+2.83 (+10.74%)
Market cap
$11.9B
52w range
$3–$30
Exchange
NASDAQ
Country
US
Jason's Chips
Subscribe or sign in with your Substack email for charts, exports, estimates, transcripts, filings, earnings, and news.
Price chart
CIFR market performance
Daily close for Cipher Mining Inc.
- Latest close
- $29.18
- Range move
- +$25.37 (+665.9%)
- Range high
- $29.18
- Range low
- $3.53
- Latest volume
- 39.4M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
6 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
6 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
6 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
6 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
6 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
19 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus13 ratings
Strong buy
0
Buy
13
Hold
0
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $226.3M | $194.5M - $250.1M | $-0.88 | $-1.06 - $-0.57 | -$12.8M | -$65.2M | -$350.7M | $1.15B | 10 rev / 7 EPS |
| 2027-12-31 | $805.9M | $791.6M - $820.1M | $-0.12 | $-0.14 - $-0.11 | -$45.6M | -$232.2M | -$47.4M | $4.09B | 8 rev / 4 EPS |
| 2028-12-31 | $1.08B | $1.07B - $1.10B | $0.39 | $-0.09 - $1.09 | -$61.4M | -$312.3M | $222.9M | $5.50B | 5 rev / 3 EPS |
| 2029-12-31 | $1.17B | $1.05B - $1.29B | $0.46 | $0.40 - $0.52 | -$66.2M | -$336.9M | $174.7M | $5.93B | 2 rev / 1 EPS |
| 2030-12-31 | $1.17B | $1.05B - $1.29B | $0.76 | $0.66 - $0.86 | -$66.2M | -$336.9M | $290.0M | $5.93B | 2 rev / 1 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-23 | $32.5M | $28.5M - $36.8M | $-0.23 | $-0.29 - $-0.11 | -$1.8M | -$9.4M | -$93.6M | $165.0M | 7 rev / 3 EPS |
| 2026-09-23 | $36.5M | $26.8M - $52.3M | $-0.22 | $-0.28 - $-0.10 | -$2.1M | -$10.5M | -$91.0M | $185.2M | 7 rev / 3 EPS |
| 2026-12-23 | $124.3M | $94.0M - $164.5M | $-0.11 | $-0.16 - $-0.08 | -$7.0M | -$35.8M | -$44.5M | $630.7M | 3 rev / 1 EPS |
| 2027-03-23 | $181.3M | $137.1M - $240.0M | $0.02 | $0.01 - $0.03 | -$10.3M | -$52.3M | $7.7M | $920.2M | 3 rev / 1 EPS |
| 2027-06-23 | $200.1M | $151.3M - $264.8M | $0.04 | $0.03 - $0.06 | -$11.3M | -$57.7M | $15.8M | $1.02B | 3 rev / 1 EPS |
| 2027-09-23 | $199.8M | $151.2M - $264.5M | $0.03 | $0.02 - $0.05 | -$11.3M | -$57.6M | $12.9M | $1.01B | 3 rev / 1 EPS |
| 2027-12-23 | $202.6M | $153.3M - $268.2M | $0.03 | $0.02 - $0.04 | -$11.5M | -$58.4M | $10.2M | $1.03B | 3 rev / 1 EPS |
| 2028-03-23 | $258.3M | $195.3M - $341.8M | $0.03 | $0.02 - $0.04 | -$14.6M | -$74.4M | $11.2M | $1.31B | 2 rev / 2 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 3 | $44.67 |
| Last quarter | 8 | $37.00 |
| Last year | 20 | $28.95 |
| All time | 29 | $22.16 |
Sources: TheFly, StreetInsider, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-06-04 | Morgan Stanley | Maintain | Overweight | Overweight |
| 2026-05-19 | Morgan Stanley | Maintain | Overweight | Overweight |
| 2026-05-15 | Needham | Maintain | Buy | Buy |
| 2026-05-07 | Keefe, Bruyette & Woods | Maintain | Outperform | Outperform |
| 2026-05-06 | BTIG | Maintain | Buy | Buy |
| 2026-05-06 | HC Wainwright & Co. | Maintain | Buy | Buy |
| 2026-05-06 | Rosenblatt | Maintain | Buy | Buy |
| 2026-05-06 | Macquarie | Maintain | Outperform | Outperform |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 5 | 11 | 0 | 0 | 0 |
| 2026-05-01 | 5 | 10 | 0 | 0 | 0 |
| 2026-04-01 | 5 | 9 | 0 | 0 | 0 |
| 2026-03-01 | 5 | 9 | 0 | 0 | 0 |
| 2026-02-01 | 5 | 9 | 0 | 0 | 0 |
| 2026-01-01 | 4 | 9 | 0 | 0 | 0 |
| 2025-12-01 | 4 | 9 | 1 | 0 | 0 |
| 2025-11-01 | 4 | 9 | 2 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $223.9M | $63.6M | 28.4% | $0 | -$337.4M | -$588.4M | -$822.2M | $-2.15 |
| FY 2024 | $151.3M | $28.1M | 18.6% | $0 | -$43.7M | $61.1M | -$44.6M | $-0.14 |
| FY 2023 | $126.8M | $76.5M | 60.3% | $0 | -$20.1M | $39.7M | -$25.8M | $-0.10 |
| FY 2022 | $3.0M | $2.3M | 75.4% | $0 | -$37.4M | -$31.9M | -$39.1M | $-0.16 |
| FY 2021 | $0 | -$4,867 | -- | $0 | -$72.2M | -$72.1M | -$72.2M | $-0.36 |
| FY 2020 | $0 | $0 | -- | $0 | -$153,657 | $1.1M | $1.1M | $-0.01 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | -$207.9M | $487.9M | -$695.9M |
| FY 2024 | -$87.5M | $302.5M | -$227.0M |
| FY 2023 | -$94.2M | $54.4M | -$149.3M |
| FY 2022 | -$20.9M | $227.3M | -$248.8M |
| FY 2021 | -$31.7M | $5.1M | -$36.8M |
| FY 2020 | -$321,640 | $0 | -$321,640 |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $628.3M | $958,000 | $125.4M | $622.5M | $4.29B | $2.77B | $2.14B | $3.46B | $805.5M |
| FY 2024 | $5.6M | $34.9M | $92.7M | $532.3M | $855.4M | $56.4M | $50.8M | $173.5M | $682.0M |
| FY 2023 | $86.1M | $867,000 | $33.0M | $250.9M | $566.1M | $22.0M | -$64.1M | $74.8M | $491.3M |
| FY 2022 | $11.9M | $1.2M | $6.3M | $269.3M | $418.5M | $20.7M | $8.7M | $75.6M | $342.9M |
| FY 2021 | $209.8M | $0 | $0 | $120.0M | $354.2M | $0 | -$209.8M | $636,051 | $353.5M |
| FY 2020 | $0 | $0 | $0 | $1,637 | $173,087 | $0 | $0 | $176,567 | -$3,480 |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 28.4% | -150.7% | -367.2% | 3.8x | 3.6x | -102.1% | -10.3% | 34.7x | -13.2x | -12.4% | 0.0% | 196d |
| FY 2024 | 18.6% | -28.9% | -29.5% | 1.3x | 0.6x | -6.5% | -5.7% | 10.2x | 25.4x | -15.1% | 0.0% | 292d |
| FY 2023 | 60.3% | -15.9% | -20.3% | 4.6x | 3.6x | -5.2% | -3.7% | 7.7x | 24.6x | -14.3% | 0.0% | 206d |
| FY 2022 | 75.4% | -1232.2% | -1285.9% | 1.2x | 1.0x | -11.4% | -9.8% | 48.6x | -4.6x | -179.0% | 0.0% | -5265d |
| FY 2021 | 0.0% | 0.0% | 0.0% | 448.0x | 448.0x | -20.4% | -20.4% | 0.0x | -11.1x | -3.6% | 0.0% | -18149d |
| FY 2020 | 0.0% | 0.0% | 0.0% | 0.0x | 0.0x | -31951.7% | 4415.4% | 0.0x | 1922.0x | -0.0% | 0.0% | 0d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +48.0% | +126.2% | 0.0% | -672.1% | -1742.2% | -1435.7% | -206.5% | -249.8% | +11149.1% | +35.3% | +401.7% | +4807.1% |
| FY 2024 | +19.3% | -63.3% | 0.0% | -117.2% | -73.2% | -40.0% | -52.1% | -153.5% | -93.5% | +180.9% | +51.1% | +156.6% |
| FY 2023 | +4076.6% | +3243.5% | 0.0% | +46.2% | +34.0% | +37.5% | +40.0% | +75.9% | +621.9% | +424.9% | +35.3% | +6.4% |
| FY 2022 | 0.0% | +47131.0% | 0.0% | +48.1% | +45.9% | +55.6% | -576.6% | -4360.7% | -94.3% | 0.0% | +18.2% | 0.0% |
| FY 2021 | 0.0% | 0.0% | 0.0% | -46856.4% | -6589.0% | -7100.0% | -11333.7% | 0.0% | 0.0% | 0.0% | +204518.0% | 0.0% |
| FY 2020 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $223.9M
Bitcoin Mining$223.9M · 100.0%
Latest geography mix
Not available.
Product revenue annual
| Period | Total | Bitcoin Mining |
|---|---|---|
| FY 2025 | $223.9M | $223.9M |
| FY 2024 | $151.3M | $151.3M |
Geography revenue annual
No segment history on file.
Transcripts19 on file
Transcripts
Events
Events
Next earnings
2026-08-06EPS est $-0.24
Latest news
- Cipher Digital: $11.4B Backlog Built For Hyperscale
Seeking Alpha · 2026-06-21
- Why Is Cipher Digital Stock Rising On Thursday?
Benzinga · 2026-06-18