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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
$8.32
Change
-0.81 (-8.87%)
Market cap
$3.5B
52w range
$8–$30
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
CIFR market performance
Daily close for Cipher Mining Inc.
- Latest close
- $8.32
- Range move
- -$7.79 (-48.4%)
- Range high
- $29.18
- Range low
- $8.32
- Latest volume
- 42.7M
- 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
1254 rowsFive years of daily close and volume data powering the company chart.
Transcript list
20 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus14 ratings
Strong buy
0
Buy
14
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 | $212.3M | $188.7M - $239.0M | $-1.30 | $-1.37 - $-1.20 | -$288.8M | -$477.8M | -$491.2M | $1.08B | 13 rev / 8 EPS |
| 2027-12-31 | $806.9M | $716.1M - $902.1M | $-0.29 | $-0.88 - $0.29 | $144.4M | -$115.1M | -$128.5M | $4.10B | 12 rev / 5 EPS |
| 2028-12-31 | $1.03B | $987.8M - $1.07B | $0.06 | $-0.01 - $0.16 | $394.7M | $48.7M | $27.9M | $5.23B | 5 rev / 3 EPS |
| 2029-12-31 | $1.76B | $1.49B - $2.00B | $0.37 | $0.30 - $0.44 | $704.1M | $191.6M | $140.8M | $8.91B | 2 rev / 1 EPS |
| 2030-12-31 | $4.07B | $3.46B - $4.64B | $1.39 | $1.12 - $1.64 | $1.64B | $684.8M | $530.4M | $20.65B | 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-30 | $113.3M | $93.3M - $122.5M | $-0.14 | $-0.16 - $-0.11 | $17.4M | -$4.6M | -$57.7M | $574.9M | 10 rev / 3 EPS |
| 2027-03-30 | $172.0M | $122.3M - $211.3M | $-0.07 | $-0.09 - $-0.04 | $52.3M | $25.7M | -$27.4M | $873.0M | 9 rev / 1 EPS |
| 2027-06-30 | $197.3M | $140.2M - $242.3M | $-0.06 | $-0.07 - $-0.03 | $62.3M | $30.3M | -$22.7M | $1.00B | 9 rev / 1 EPS |
| 2027-09-30 | $205.3M | $145.9M - $252.2M | $-0.03 | $-0.03 - $-0.02 | $80.0M | $42.8M | -$10.3M | $1.04B | 9 rev / 1 EPS |
| 2027-12-30 | $213.1M | $151.5M - $261.8M | $-0.01 | $-0.01 - $-0.00 | $92.8M | $50.3M | -$2.8M | $1.08B | 9 rev / 1 EPS |
| 2028-03-30 | $227.6M | $161.8M - $279.6M | $-0.01 | $-0.01 - $-0.01 | $96.8M | $48.7M | -$4.3M | $1.16B | 8 rev / 2 EPS |
| 2028-06-30 | $229.6M | $163.2M - $282.1M | $0.01 | $0.01 - $0.02 | $112.7M | $59.4M | $5.0M | $1.17B | 8 rev / 2 EPS |
| 2028-09-30 | $250.1M | $177.8M - $307.3M | $0.05 | $0.03 - $0.06 | $137.4M | $78.4M | $20.0M | $1.27B | 8 rev / 2 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 0 | $0.00 |
| Last quarter | 7 | $32.21 |
| Last year | 24 | $33.29 |
| All time | 38 | $25.00 |
Sources: StreetInsider, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-10-16 | Cantor Fitzgerald | Maintain | Overweight | Overweight |
| 2026-10-12 | Morgan Stanley | Maintain | Overweight | Overweight |
| 2026-09-18 | Morgan Stanley | Maintain | Overweight | Overweight |
| 2026-09-10 | Rosenblatt | Maintain | Buy | Buy |
| 2026-09-04 | Rosenblatt | Maintain | Buy | Buy |
| 2026-08-07 | JP Morgan | Maintain | Overweight | Overweight |
| 2026-08-06 | Keefe, Bruyette & Woods | Maintain | Outperform | Outperform |
| 2026-08-05 | Rosenblatt | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 5 | 15 | 2 | 0 | 0 |
| 2026-09-01 | 5 | 15 | 2 | 0 | 0 |
| 2026-08-01 | 5 | 12 | 0 | 0 | 0 |
| 2026-07-01 | 5 | 12 | 0 | 0 | 0 |
| 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 |
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 | $-0.33 |
| 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 | $120.0M | -$151.6M |
| 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 | -15.0% | 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% | +51.5% | -64.1% | -90.0% | -94.3% | 0.0% | +18.2% | 0.0% |
| FY 2021 | 0.0% | 0.0% | 0.0% | -46856.4% | -6589.0% | -3400.0% | -47043.3% | 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.
Transcripts20 on file
Transcripts
Events
Events
Next earnings
2026-11-02EPS est $-0.24
Latest news
- Cipher Digital Inc. (CIFR) Rises Higher Than Market: Key Facts
Zacks Investment Research · 2026-10-21
- Data Center Stocks Rise as IREN Plans 300MW AI Campus in Spain: IREN and Cipher Digital Gain 4%, Core Scientific Climbs 3%
24/7 Wall Street · 2026-10-21