Cipher Mining (NASDAQ:CIFR – Free Report) had its target price cut by HC Wainwright to $25.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.
A number of other analysts have also recently issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and set a $27.00 price objective on shares of Cipher Mining in a research report on Monday, December 15th. Citigroup started coverage on Cipher Mining in a research note on Wednesday, November 19th. They set an “outperform” rating for the company. Northland Securities set a $27.50 price target on Cipher Mining in a research note on Tuesday, November 4th. Rosenblatt Securities increased their price objective on Cipher Mining to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen upgraded shares of Cipher Mining from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.46.
Read Our Latest Analysis on CIFR
Cipher Mining Stock Down 3.0%
Insider Transactions at Cipher Mining
In other Cipher Mining news, Director James E. Newsome sold 21,821 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $16.03, for a total transaction of $349,790.63. Following the completion of the transaction, the director owned 172,492 shares of the company’s stock, valued at $2,765,046.76. The trade was a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wesley Hastie Williams sold 49,867 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $16.08, for a total value of $801,861.36. Following the completion of the sale, the director directly owned 158,145 shares in the company, valued at approximately $2,542,971.60. This represents a 23.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 142,825 shares of company stock worth $2,319,720. 2.63% of the stock is owned by insiders.
Institutional Trading of Cipher Mining
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIFR. Millennium Management LLC acquired a new position in shares of Cipher Mining during the first quarter worth approximately $9,316,000. Goldman Sachs Group Inc. increased its position in Cipher Mining by 52.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company’s stock worth $10,765,000 after acquiring an additional 1,610,073 shares during the period. Teacher Retirement System of Texas raised its stake in Cipher Mining by 7.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 38,281 shares of the company’s stock valued at $183,000 after purchasing an additional 2,812 shares during the last quarter. Impact Partnership Wealth LLC boosted its holdings in Cipher Mining by 7.5% in the 2nd quarter. Impact Partnership Wealth LLC now owns 51,128 shares of the company’s stock valued at $244,000 after purchasing an additional 3,573 shares during the period. Finally, Harvest Portfolios Group Inc. boosted its holdings in Cipher Mining by 141.5% in the 2nd quarter. Harvest Portfolios Group Inc. now owns 162,426 shares of the company’s stock valued at $776,000 after purchasing an additional 95,170 shares during the period. Institutional investors and hedge funds own 12.26% of the company’s stock.
Cipher Mining News Roundup
Here are the key news stories impacting Cipher Mining this week:
- Positive Sentiment: Cipher’s management is pitching a long-term pivot to hyperscale/HPC leases and projects a material recurring cash-generation profile (a published plan that cites roughly $669M average annualized NOI through 2036), which supports a valuation case beyond volatile crypto-mining cycles. Article Title
- Positive Sentiment: Cipher sold its 49% stake in the West Texas mining venture to Canaan for $39.75M in stock — a transaction that reduces direct mining exposure, brings a strategic partner, and frees up assets/capital as the company shifts toward hyperscale infrastructure. Article Title
- Neutral Sentiment: Several analysts trimmed price targets but maintained “buy” ratings (HC Wainwright lowered to $25; Needham to $22). That signals continued institutional conviction in the retooling story, but reduced near-term upside expectations. Article Title Article Title
- Neutral Sentiment: Management hosted an earnings call and published a slide deck outlining the HPC pivot and next steps — useful for assessing execution risk but not an immediate earnings offset. Slide Deck
- Neutral Sentiment: Short-interest data in the feed shows 0 shares (likely a reporting anomaly); disregard as a real signal until exchanges confirm updated short data.
- Negative Sentiment: Q4 results materially missed expectations: GAAP net loss (~$734M) and EPS of about -$1.92 vs. consensus around -$0.12, with revenue roughly $59.7M versus estimates near $86M — these misses drove near-term downside as they highlight weak mining revenue and mark-to-market/one-time charges. Article Title
- Negative Sentiment: Revenue and EPS misses, plus negative margins and a large GAAP loss, increase execution and liquidity risk in the near term until hyperscale contracts and asset monetizations materialize. Article Title
About Cipher Mining
Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.
Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.
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