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Cipher Mining Inc (CIFR)



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Upturn Advisory Summary
04/01/2025: CIFR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -79.66% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 889.36M USD | Price to earnings Ratio - | 1Y Target Price 7.73 |
Price to earnings Ratio - | 1Y Target Price 7.73 | ||
Volume (30-day avg) 15607912 | Beta 2.48 | 52 Weeks Range 2.18 - 7.99 | Updated Date 04/2/2025 |
52 Weeks Range 2.18 - 7.99 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.14 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date 2025-03-03 | When Before Market | Estimate 0.0467 | Actual 0.14 |
Profitability
Profit Margin -29.51% | Operating Margin (TTM) 13.1% |
Management Effectiveness
Return on Assets (TTM) -3.59% | Return on Equity (TTM) -7.61% |
Valuation
Trailing PE - | Forward PE 7.27 | Enterprise Value 940166491 | Price to Sales(TTM) 5.88 |
Enterprise Value 940166491 | Price to Sales(TTM) 5.88 | ||
Enterprise Value to Revenue 5.81 | Enterprise Value to EBITDA 14.38 | Shares Outstanding 361528992 | Shares Floating 203685702 |
Shares Outstanding 361528992 | Shares Floating 203685702 | ||
Percent Insiders 30.18 | Percent Institutions 64.66 |
Analyst Ratings
Rating 4.55 | Target Price 8.35 | Buy 5 | Strong Buy 6 |
Buy 5 | Strong Buy 6 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Cipher Mining Inc
Company Overview
History and Background
Cipher Mining Inc. was founded in 2020 and went public through a merger with Good Works Acquisition Corp. in August 2021. It focuses on bitcoin mining in North America, aiming to become a leading sustainable mining operation.
Core Business Areas
- Bitcoin Mining: Cipher Mining operates data centers equipped with specialized hardware (ASICs) to mine Bitcoin. This involves solving complex cryptographic problems to validate transactions and earn newly minted Bitcoins as rewards.
Leadership and Structure
Tyler Page serves as the Chief Executive Officer. The company has a board of directors overseeing its operations and strategic direction. The organizational structure is hierarchical, with departments focused on operations, finance, and technology.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Cipher Mining generates revenue primarily through Bitcoin mining rewards. Market share data is variable and depends on hash rate and efficiency compared to other miners. Competitors include Marathon Digital Holdings (MARA) and Riot Platforms (RIOT).
Market Dynamics
Industry Overview
The Bitcoin mining industry is highly competitive and influenced by Bitcoin price, mining difficulty, and energy costs. Regulatory scrutiny and environmental concerns are also key factors.
Positioning
Cipher Mining aims to be a leading, sustainable Bitcoin miner in North America, emphasizing operational efficiency and a focus on low-cost renewable energy sources.
Total Addressable Market (TAM)
The TAM is the total value of all Bitcoin mined. Cipher Mining's position depends on its ability to capture a significant portion of this value through efficient mining operations. The TAM is directly related to the price of Bitcoin.
Upturn SWOT Analysis
Strengths
- Access to low-cost power sources
- Modern mining fleet
- Experienced management team
- Focus on sustainability
Weaknesses
- Reliance on Bitcoin price
- High capital expenditure
- Susceptible to regulatory changes
- Relatively new company
Opportunities
- Expansion of mining capacity
- Diversification into other cryptocurrency services
- Partnerships with renewable energy providers
- Increased institutional adoption of Bitcoin
Threats
- Bitcoin price volatility
- Increasing mining difficulty
- Regulatory restrictions on Bitcoin mining
- Competition from larger mining companies
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
Competitive Landscape
Cipher Mining competes with other Bitcoin mining companies based on factors such as hashrate, energy costs, and operational efficiency. Access to low-cost power and efficient mining hardware are key competitive advantages.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth is tied to the expansion of mining capacity and increases in Bitcoin price.
Future Projections: Future growth projections depend on analysts' estimates of Bitcoin price and Cipher Mining's ability to increase its hashrate.
Recent Initiatives: Recent initiatives include expanding mining facilities and securing additional low-cost power contracts.
Summary
Cipher Mining is a relatively young Bitcoin mining company focused on sustainable operations. The company's success is heavily tied to Bitcoin's price and its ability to efficiently mine Bitcoin. Growth depends on expanding capacity and maintaining low energy costs. Regulatory risks and intense competition pose significant challenges.
Similar Companies
BTBT

Bit Digital Inc


BTBT

Bit Digital Inc
CLSK

CleanSpark Inc


CLSK

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HIVE

HIVE Blockchain Technologies Ltd


HIVE

HIVE Blockchain Technologies Ltd

MARA

Marathon Digital Holdings Inc



MARA

Marathon Digital Holdings Inc

RIOT

Riot Blockchain Inc



RIOT

Riot Blockchain Inc
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry News
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor.
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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