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Cipher Mining Inc (CIFR)



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Upturn Advisory Summary
10/14/2025: CIFR (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $16.88
1 Year Target Price $16.88
7 | Strong Buy |
3 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -15.85% | Avg. Invested days 22 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.00B USD | Price to earnings Ratio - | 1Y Target Price 16.88 |
Price to earnings Ratio - | 1Y Target Price 16.88 | ||
Volume (30-day avg) 11 | Beta 2.89 | 52 Weeks Range 1.86 - 21.48 | Updated Date 10/14/2025 |
52 Weeks Range 1.86 - 21.48 | Updated Date 10/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.45 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -96.95% | Operating Margin (TTM) -67.57% |
Management Effectiveness
Return on Assets (TTM) -7.68% | Return on Equity (TTM) -21.39% |
Valuation
Trailing PE - | Forward PE 32.47 | Enterprise Value 5557863756 | Price to Sales(TTM) 50.36 |
Enterprise Value 5557863756 | Price to Sales(TTM) 50.36 | ||
Enterprise Value to Revenue 34.99 | Enterprise Value to EBITDA 8.93 | Shares Outstanding 393286007 | Shares Floating 316411626 |
Shares Outstanding 393286007 | Shares Floating 316411626 | ||
Percent Insiders 3.1 | Percent Institutions 68.1 |
Upturn AI SWOT
Cipher Mining Inc

Company Overview
History and Background
Cipher Mining Inc. (CIFR) was founded in 2020 and went public via a SPAC merger with Good Works Acquisition Corp. in 2021. It focuses on Bitcoin mining operations in the United States, aiming to become a leading sustainable miner.
Core Business Areas
- Bitcoin Mining: Cipher Mining operates data centers equipped with specialized hardware (ASICs) to mine Bitcoin. This involves solving complex cryptographic puzzles to validate transactions on the blockchain and earn Bitcoin rewards.
Leadership and Structure
Tyler Page is the CEO. The company has a board of directors and an executive team managing various aspects of operations, finance, and strategy. The structure emphasizes efficient mining operations and strategic growth.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Cipher Mining's primary product is newly mined Bitcoin. Their strategy is to increase their hash rate and production output. Market share data is dynamic and depends on overall network hash rate and their contribution. Competitors include Marathon Digital Holdings (MARA) and Riot Platforms (RIOT).
Market Dynamics
Industry Overview
The Bitcoin mining industry is highly competitive and influenced by factors like Bitcoin price, mining difficulty, energy costs, and regulatory developments. Consolidation is increasing.
Positioning
Cipher Mining aims for a cost-competitive position by focusing on low-cost energy sources and efficient operations. They're focused on growth in a fluctuating environment.
Total Addressable Market (TAM)
The TAM is tied to the Bitcoin market capitalization, which is highly variable. Cipher is targeting a share of the network hash rate, influencing its mining output, which is proportional to the TAM.
Upturn SWOT Analysis
Strengths
- Strategic location of mining facilities
- Access to low-cost energy sources
- Experienced management team
- Focus on efficient mining operations
Weaknesses
- Dependence on Bitcoin price volatility
- High capital expenditure requirements
- Competition from larger mining companies
- Regulatory uncertainty surrounding cryptocurrency
Opportunities
- Expansion of mining capacity
- Acquisition of smaller mining operations
- Diversification into other cryptocurrency-related services
- Technological advances in mining hardware
Threats
- Decreasing Bitcoin mining rewards (halving)
- Increasing mining difficulty
- Rising energy costs
- Negative regulatory developments
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
Competitive Landscape
Cipher Mining aims to compete through lower energy costs, efficient operations, and rapid expansion. It faces competition from established players with greater scale and access to capital.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is reflected in the expansion of their mining capacity and hashrate. See their filings to keep up to date.
Future Projections: Future growth projections are contingent on Bitcoin market trends, technology improvements, and facility expansion. Analyst estimates are variable.
Recent Initiatives: Recent initiatives include expanding mining capacity and deploying new mining hardware.
Summary
Cipher Mining operates in the volatile Bitcoin mining sector, relying on energy costs and Bitcoin prices. Expansion of mining facilities and focus on low-cost energy are strengths, but competition and dependence on Bitcoin's fluctuations are risks. Successful growth hinges on efficient operations and favorable market conditions. Cipher Mining will need to be nimble in order to survive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Industry reports
- Analyst estimates
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Market Share data may not be precise and is an approximation based on available data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Cipher Mining Inc
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2021-08-30 | CEO & Director Mr. Rodney Tyler Page | ||
Sector Financial Services | Industry Capital Markets | Full time employees 43 | Website https://www.ciphermining.com |
Full time employees 43 | Website https://www.ciphermining.com |
Cipher Mining Inc., together with its subsidiaries, develops and operates industrial-scale data centers in the United States. The company was founded in 2021 and is headquartered in New York, New York.

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