Track market-moving stories before they get noisy

In the latest trading session, Cipher Digital Inc. (CIFR - Free Report) closed at $16.90, marking a -8.7% move from the previous day. This change lagged the S&P 500's daily loss of 0.48%. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw a decrease of 0.64%.

The stock of company has risen by 7.55% in the past month, leading the Business Services sector's loss of 2.49% and the S&P 500's loss of 0.97%.

The investment community will be paying close attention to the earnings performance of Cipher Digital Inc. in its upcoming release. The company is expected to report EPS of -$0.31, down 3000% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $37.99 million, indicating a 47.02% downward movement from the same quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.36 per share and a revenue of $216.23 million, signifying shifts of +36.74% and -3.44%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for Cipher Digital Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.73% higher. Cipher Digital Inc. currently has a Zacks Rank of #4 (Sell).

The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow CIFR in the coming trading sessions, be sure to utilize Zacks.com.

Cipher Mining Inc. (NASDAQ:CIFR – Get Free Report) saw unusually large options trading on Tuesday. Traders bought 180,265 call options on the company. This represents an increase of 53% compared to the average volume of 117,563 call options.

Analyst Ratings Changes A number of equities research analysts recently issued reports on the company. Chardan Capital reaffirmed a “buy” rating and issued a $32.00 target price on shares of Cipher Mining in a research note on Tuesday, August 4th. Sanford C. Bernstein started coverage on Cipher Mining in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 price target for the company. Keefe, Bruyette & Woods cut their price target on Cipher Mining from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Needham & Company LLC upped their price objective on Cipher Mining from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Morgan Stanley set a $43.50 price objective on Cipher Mining in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.61.

Check Out Our Latest Stock Report on CIFR

Cipher Mining Stock Performance NASDAQ:CIFR opened at $18.51 on Wednesday. The company has a debt-to-equity ratio of 9.69, a current ratio of 3.00 and a quick ratio of 3.00. The firm has a market cap of $7.68 billion, a PE ratio of -6.47 and a beta of 3.15. The firm has a 50 day simple moving average of $19.07 and a 200-day simple moving average of $19.15. Cipher Mining has a 1-year low of $7.90 and a 1-year high of $30.14. Cipher Mining (NASDAQ:CIFR – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.40). The firm had revenue of $24.84 million for the quarter, compared to analyst estimates of $31.86 million. Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.During the same quarter last year, the business posted ($0.12) EPS. On average, equities analysts expect that Cipher Mining will post -1.36 EPS for the current year.

Insider Buying and Selling In other news, Director Cary M. Grossman sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $29.43, for a total value of $441,450.00. Following the sale, the director directly owned 143,829 shares in the company, valued at $4,232,887.47. This represents a 9.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tyler Page sold 112,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $21.19, for a total transaction of $2,383,875.00. Following the transaction, the chief executive officer directly owned 9,084,225 shares of the company’s stock, valued at approximately $192,494,727.75. This trade represents a 1.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 131,258 shares of company stock worth $2,925,288 in the last three months. Corporate insiders own 3.09% of the company’s stock.

Institutional Investors Weigh In On Cipher Mining Hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new position in Cipher Mining in the fourth quarter valued at $25,000. Arax Advisory Partners grew its holdings in Cipher Mining by 274.2% in the 4th quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock valued at $27,000 after buying an additional 1,338 shares during the period. Meeder Asset Management Inc. purchased a new stake in Cipher Mining in the 4th quarter valued at about $28,000. CWM LLC increased its stake in shares of Cipher Mining by 43.3% during the 4th quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $39,000 after acquiring an additional 804 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of Cipher Mining by 41.7% during the 2nd quarter. CoreCap Advisors LLC now owns 1,700 shares of the company’s stock valued at $42,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 12.26% of the company’s stock.

About Cipher Mining (Get Free Report)

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.

Featured Stories Five stocks we like better than Cipher Mining Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For Receive News & Ratings for Cipher Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cipher Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Bitcoin miners turned data center operators are surging today, but the rally reveals a strange disconnect: these stocks still chase the coin even as billion-dollar AI lease deals rewrite what these companies actually are.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Bitcoin-linked data center operators are rebounding today as Bitcoin (CRYPTO:BTC) stabilizes near recent lows, and none of the intraday moves trace to a fresh company announcement. The group carries its old mining identity into every session even as the underlying businesses evolve toward AI infrastructure. That gap between what these companies now sell and what their share prices respond to defines the trade.

The framing sits in the benchmarks. The Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR) is up 2% to $27.87, while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 1% to $774.02. Both funds sit well behind the individual miner moves, which places today’s rally in the speculative corner of the data center theme rather than across the sector broadly.

Cipher Mining (NASDAQ:CIFR) stock is up 12% to $17.08, retracing part of a steep monthly drawdown. Meanwhile, TeraWulf (NASDAQ:WULF) stock is up 8% to $15.95, the middle mover in the group and the name that already gets most of its revenue from something other than mining. IREN (NASDAQ:IREN) stock is up 4% to $41.14, the smallest of the three moves and the least bruised name entering the session. As for Bitcoin itself, it trades at $81,204.22, up 5% over the past 24 hours.

Oversold Bounce Meets a Steadier Coin No fresh company-specific announcement from Cipher Mining, TeraWulf, or IREN accounts for today’s session. All three began as Bitcoin miners and still trade with that association, more or less, so the group tends to move with the cryptocurrency on days that lack a corporate catalyst. Today’s gains follow a steep drawdown across the past month in two of the three names.

Cipher Mining stock was down 37% over the past month through the prior close, so a 12% bounce recoups only a portion of that ground. TeraWulf stock was up 29% year to date and down 21% over the past month through the prior close, capturing a strong 2026 gain that gave back significant ground into August. IREN stock heads into the day less battered on the monthly view, which helps explain why its snap-back looks more modest than the other two.

Revenue Mix Has Already Moved Past Mining The group trades on an identity it has partly outgrown. TeraWulf drew $31.9 million, or 71%, of its $44.8 million Q2 2026 revenue from high-performance computing rather than mining, and its largest commercial commitment is a 20-year Anthropic lease covering 401 megawatts with roughly $19 billion of initial contracted revenue, extendable to roughly $33 billion. That’s the same AI data-center demand we mapped through its power, cooling, and networking suppliers in a free report on seven picks-and-shovels names. Anthropic is a private company, so the counterparty risk sits inside a deal not marked to any public share price.

TeraWulf ended the second quarter with about $3 billion of cash and restricted cash and approximately $2.7 billion of net debt, so the backlog is contracted revenue that still has to be built and serviced before it becomes cash. Short interest settlement data showed 107.16 million TeraWulf shares sold short at the August settlement date, equal to 25.5% of the reported float and 3.44 days of average volume. That positioning mechanically amplifies upside moves in the shares in a way it wouldn’t in a lightly shorted name.

Cipher Mining and IREN shares don’t trade with the same short-interest torque, though the underlying HPC pivots follow a similar shape. At Cipher Mining, the Black Pearl campus is delivering initial HPC capacity and an $810 million bond offering at a 6% coupon fully funds the Stingray site, part of a portfolio targeting roughly $793 million of average annualized net operating income. IREN operates $1 billion of AI Cloud annual recurring revenue and targets $4 billion of contracted ARR operational by December 31.

What to Watch Next The DTCR ETF’s smaller gain and the broad market’s smaller gain still place this rally in the speculative corner of the theme rather than across data center infrastructure generally. Traders can watch for signs that Bitcoin’s stabilization holds, since the group’s short-term direction still follows the coin more than the multi-billion dollar lease backlogs at TeraWulf, Cipher Mining, and IREN. Earnings catalysts are now behind all three names, so cryptocurrency direction and execution updates are the next legible triggers.

Investors should size their positions to survive the volatility in their exposure to this theme. A name that trades with a cryptocurrency and carries roughly a quarter of its float on the short side can retrace fast in either direction, and the contracted revenue that anchors the long-term case is still years away from arriving as cash on the income statement. Today’s gains, while noteworthy, don’t materially alter that timeline.

Contact [email protected] for any questions or corrections.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?

Let's take a look at what these Wall Street heavyweights have to say about Cipher Digital Inc. (CIFR - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

Cipher Digital Inc. currently has an average brokerage recommendation (ABR) of 1.22, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 18 brokerage firms. An ABR of 1.22 approximates between Strong Buy and Buy.

Of the 18 recommendations that derive the current ABR, 15 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 83.3% and 11.1% of all recommendations.

Brokerage Recommendation Trends for CIFR

Check price target & stock forecast for Cipher Digital Inc. here>>>

While the ABR calls for buying Cipher Digital Inc., it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Is CIFR a Good Investment?In terms of earnings estimate revisions for Cipher Digital Inc., the Zacks Consensus Estimate for the current year has declined 70.8% over the past month to -$1.36.

Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Cipher Digital Inc. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, it could be wise to take the Buy-equivalent ABR for Cipher Digital Inc with a grain of salt.

Cipher Mining is down -6.9%, or -$1.19 to $16.02.

Shares of Cipher Digital Inc. (NASDAQ:CIFR) are sliding Tuesday afternoon, caught in a broader market pullback that dragged down high-valuation growth equities.

The downturn comes amid rising benchmark Treasury yields, which heightened fears over sustained borrowing costs across capital-intensive sectors.

Cipher Digital shares are sliding. Why is CIFR stock falling? Rising Treasury Yields Weigh on ValuationsA primary driver for Tuesday’s drop is the sharp increase in interest rates, as higher long-term yields increase equity discount models and make corporate debt financing more expensive.

For infrastructure developers like Cipher, expanding data center capacity requires substantial capital commitments, leaving investors increasingly sensitive to shifting macroeconomic conditions.

The market also continues to digest Cipher’s recent second-quarter financial update. While management highlighted operational progress, such as accelerating capacity delivery at its Black Pearl facility and securing a option for a 900-megawatt site near San Antonio, the company reported a quarterly net loss of $267.5 million alongside lower Bitcoin-mining revenues.

Although Cipher boasts an expanding contracted revenue backlog and continues its pivot toward high-performance computing and AI data centers for hyperscale tenants, potentially elevated project interest expenses and massive capital expenditures keep the stock vulnerable to macroeconomic shocks.

CIFR Shares Slide Tuesday AfternoonCIFR Price Action: Cipher Digital shares were down 8.86% at $16.86 at the time of publication on Tuesday, according to Benzinga Pro data.

Read Next

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Neocloud stocks are rallying Wednesday after a pair of blowout earnings reports from sector leaders CoreWeave Inc. (NASDAQ:CRWV) and Nebius Group N.V. (NASDAQ:NBIS) reinforced the scale of AI infrastructure demand.

CRWV stock is racing higher. See the real-time price action here.  CoreWeave posted second-quarter revenue of $2.58 billion late Tuesday, up 112% year-over-year and ahead of the $2.56 billion analysts had expected. Revenue backlog jumped to $104 billion, nearly triple the year-ago figure, and management raised full-year guidance to $12.4 billion-$13.2 billion. 

Nebius followed Wednesday morning with its own beat. Revenue came in at $582.3 million, a 454% jump from the year-ago quarter and above the roughly $574 million consensus estimate. Adjusted EBITDA turned positive at $236.2 million, versus a loss in the same period last year. 

Shares across the neocloud trade are higher Wednesday:

CoreWeave: up 18.2% Nebius Group: up 15.67% IREN Limited (NASDAQ:IREN): up 8.01% Hut 8 Corp. (NASDAQ:HUT): up 7.57% Applied Digital Corp. (NASDAQ:APLD): up 7.7% Core Scientific Inc. (NASDAQ:CORZ): up 7.24% Cipher Mining Inc. (NASDAQ:CIFR): up 6.04% Galaxy Digital Inc. (NASDAQ:GLXY): up 5.22% TeraWulf Inc. (NASDAQ:WULF): up 4.9% Read Next

Neoclouds are cloud providers built specifically around renting out graphics processing units for artificial intelligence work, rather than offering the sprawling menus of services sold by traditional hyperscalers like Amazon.com Inc. (NASDAQ:AMZN), Microsoft Corp. (NASDAQ:MSFT) or Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG). 

The model, often called GPU-as-a-service, gives AI labs and enterprises fast access to Nvidia Corp. (NASDAQ:NVDA) chips without the capital burden of building data centers from scratch. 

Several names in the group, including IREN, Applied Digital, TeraWulf, Core Scientific, Cipher Mining and Hut 8, started as Bitcoin (CRYPTO:BTC) miners before converting their power infrastructure toward AI hosting as GPU demand outpaced crypto economics.

The TakeawayThe two earnings reports matter beyond the individual companies. CoreWeave and Nebius sit at the center of a debate over whether hyperscalers will eventually build enough of their own capacity to sideline third-party GPU providers. 

Wednesday’s numbers argue the opposite is happening for now — demand keeps outrunning supply, and both companies described near-term capacity as effectively sold out.

Risks remain heavy on both balance sheets. CoreWeave’s net loss widened to $626 million in the quarter as interest expense climbed to $640 million on rising debt loads, while Nebius swung to a $190.4 million net loss from continuing operations, partly reflecting a prior-year investment gain that did not repeat. 

Read Next

Photo: Minh8686 / Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

On August 07, 2026, Cipher Digital Inc (CIFR) shares fell by 5.6%, bringing the current price to $17.18. The stock has experienced significant volatility, with

Cipher Digital (CIFR -8.19%) delivered an excellent earnings report if you ignore the double miss. The company reported second-quarter earnings per share of -$0.65, which missed the analyst estimate by $0.42. Revenue came in at $24.84 million, which was below the $32.52 million consensus estimate.

Those numbers are based on Cipher Digital's crypto mining business, which is winding down. Artificial intelligence is the future of Cipher Digital's revenue, and it has made multiple steps in that direction.

Image source: Getty Images.

The Black Pearl site is generating revenue The biggest catalyst is that Cipher Digital started delivering high-performance compute data center capacity in early August. It's two months ahead of schedule, and AI capacity revenue comes less than three years after the site's acquisition. The pivot from developmental land to monetized AI data center could have been faster if Black Pearl wasn't initially used for crypto mining.

Today's Change

(

-8.19

%) $

-1.67

Current Price

$

18.71

Amazon (AMZN -1.72%) is the hyperscaler tenant for this site. The tech giant agreed to a 15-year deal for $5.5 billion, which will provide Cipher Digital with $367 million in annual recurring revenue. It doesn't mean the entire site has been monetized, so it may be early 2027 by the time it's fully commercialized.

"This accelerated delivery proves we can execute at scale, with speed, and without compromise in a challenging environment. As we continue to acquire new sites and sign new deals, our foundation of disciplined execution is what truly sets us apart," Cipher Digital CEO Tyler Page said in the press release.

An option for a 900-megawatt site can provide massive revenue growth The second detail Cipher Digital announced in its Q2 business update is that it acquired an option for a 900-megawatt site near San Antonio, Texas.

The deal with Amazon covers 300 megawatts, so a 900-megawatt site can produce more than $1 billion in annual recurring revenue. By the time Cipher Digital secures the site and builds the facility, compute might command a higher premium.

The fact that it is an option also limits the initial financial impact of the deal. Cipher Digital has used corporate bonds to raise capital for its sites. An option gives Cipher Digital time to do research before fully committing to the site, and it can use some of the revenue from its Black Pearl site to fund the construction of this proposed 900-megawatt site.

Cipher Digital is already treating it like a done deal. "The site's flat, buildable terrain makes it well-suited for large-scale data center development, and its proximity to San Antonio positions it favorably for fiber connectivity," the company said in its Q2 press release.

As Cipher Digital acquires more land and constructs AI data centers, it can soon lean more heavily into cash flow than capital raises to fund future projects.

The Stingray facility is fully funded The final big announcement from the Q2 business update was that Cipher Digital's Stingray site is fully funded after its bond offering. It will have a total site power capacity of 100 megawatts.

It's a smaller site, but that should help Cipher Digital complete and monetize the facility sooner. Amazon is the tenant for this site, which means it will instantly generate revenue upon completion.

While 100 megawatts is less than what Black Pearl offers, it's another revenue stream that can make Cipher Digital less reliant on debt financing in the future.

The amount of capital Cipher Digital has needed to raise from bonds has been one of its few weaknesses. The Stingray facility being fully funded changes the narrative. The company touted its ability to execute and deliver projects before deadlines. As that continues, the double miss in Q2 will look like an attractive long-term buying opportunity.

Posted by Defense World Staff on Aug 5th, 2026

Arlington Trust Co LLC lifted its stake in Cipher Mining Inc. (NASDAQ:CIFR – Free Report) by 319,230.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,513 shares of the company’s stock after purchasing an additional 41,500 shares during the quarter. Arlington Trust Co LLC’s holdings in Cipher Mining were worth $1,017,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CIFR. CoreCap Advisors LLC grew its holdings in shares of Cipher Mining by 41.7% during the second quarter. CoreCap Advisors LLC now owns 1,700 shares of the company’s stock valued at $42,000 after buying an additional 500 shares during the last quarter. Rathbones Group PLC lifted its position in Cipher Mining by 7.0% during the 1st quarter. Rathbones Group PLC now owns 11,495 shares of the company’s stock worth $148,000 after acquiring an additional 750 shares during the period. Bank of America Corp DE increased its holdings in shares of Cipher Mining by 237.7% in the first quarter. Bank of America Corp DE now owns 1,414,667 shares of the company’s stock valued at $18,207,000 after purchasing an additional 995,735 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Cipher Mining by 1.9% during the first quarter. Janus Henderson Group PLC now owns 4,373,982 shares of the company’s stock worth $56,292,000 after purchasing an additional 81,192 shares during the period. Finally, Amundi purchased a new stake in Cipher Mining in the first quarter valued at approximately $198,000. 12.26% of the stock is currently owned by institutional investors and hedge funds.

More Cipher Mining News Here are the key news stories impacting Cipher Mining this week:

Positive Sentiment: Cipher Digital accelerated initial capacity development at its Black Pearl data-center campus at the request of its investment-grade hyperscale tenant. The company also completed project-level financing to fully fund its third data-center development, improving visibility into its AI/data-center growth strategy. Cipher Digital Provides Second Quarter 2026 Business Update Positive Sentiment: Chardan Capital reaffirmed its “buy” rating and set a $32 price target, implying substantial upside from the referenced share price. The target reflects optimism about Cipher’s data-center development pipeline. Cipher Mining Analyst Rating Positive Sentiment: Investors purchased 149,349 CIFR call options, 39% above the average daily call volume. This unusually heavy activity may indicate increased speculative interest or bullish positioning, though options volume alone does not confirm a sustained rally. Neutral Sentiment: The company’s earnings call focused on data-center execution, financing and growth opportunities. Investors are weighing the potential benefits of AI infrastructure demand against construction requirements, mining exposure and financing costs. Cipher Digital Q2 2026 Earnings Call Transcript Negative Sentiment: Second-quarter adjusted loss was $0.65 per share, substantially worse than the $0.24 consensus loss and the $0.12 loss recorded a year earlier. Revenue of $24.84 million also fell short of the $31.86 million estimate, reinforcing concerns about near-term profitability and execution. Cipher Digital Reports Q2 Loss Analyst Ratings Changes Several brokerages recently weighed in on CIFR. Sanford C. Bernstein initiated coverage on shares of Cipher Mining in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $32.00 price target on the stock. BTIG Research raised their target price on shares of Cipher Mining from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Chardan Capital restated a “buy” rating and set a $32.00 target price on shares of Cipher Mining in a research report on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price target on shares of Cipher Mining in a report on Thursday, June 25th. Finally, Morgan Stanley lowered their price target on shares of Cipher Mining from $48.50 to $47.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Cipher Mining has an average rating of “Moderate Buy” and a consensus target price of $28.74.

Get Our Latest Research Report on Cipher Mining

Cipher Mining Trading Down 15.6% Shares of Cipher Mining stock opened at $20.38 on Wednesday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 6.13. Cipher Mining Inc. has a twelve month low of $4.55 and a twelve month high of $30.14. The firm has a market capitalization of $8.34 billion, a PE ratio of -8.75 and a beta of 3.20. The firm’s 50-day moving average price is $23.33 and its 200 day moving average price is $19.14.

Cipher Mining (NASDAQ:CIFR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.41). Cipher Mining had a negative return on equity of 117.65% and a negative net margin of 427.79%.The firm had revenue of $24.84 million for the quarter, compared to analysts’ expectations of $31.86 million. During the same quarter last year, the firm posted ($0.12) earnings per share. On average, sell-side analysts predict that Cipher Mining Inc. will post -0.79 EPS for the current fiscal year.

Insider Transactions at Cipher Mining In related news, Director Cary M. Grossman sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $29.43, for a total transaction of $441,450.00. Following the completion of the sale, the director directly owned 143,829 shares in the company, valued at approximately $4,232,887.47. The trade was a 9.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wesley Hastie Williams sold 14,567 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $21.41, for a total value of $311,879.47. Following the completion of the transaction, the director directly owned 115,409 shares of the company’s stock, valued at approximately $2,470,906.69. This represents a 11.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,197,167 shares of company stock valued at $82,740,496. Insiders own 3.09% of the company’s stock.

Cipher Mining Company Profile (Free Report)

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.

Further Reading Five stocks we like better than Cipher Mining System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter

Receive News & Ratings for Cipher Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cipher Mining and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEFirst Trust Advisors LP Purchases 4,285 Shares of HCI Group, Inc. $HCI

NEXT HEADLINE »iShares Core S&P 500 ETF $IVV Shares Sold by Avior Wealth Management LLC

Tuesday was a record-breaking day for U.S. stocks, but you wouldn't know that from the performance of Cipher Digital's (CIFR -15.65%) equity. The crypto miner, which, like many peers, is pivoting hard into artificial intelligence (AI) data center operations, reported second-quarter earnings that morning.

These fell notably short of expectations, and Cipher Digital's share price fell by almost 16% across the trading day.

A pair of misses In the quarter, Cipher Digital's revenue -- still comprised entirely of proceeds from Bitcoin mining -- fell sharply, declining to $24.8 million from the year-ago tally of nearly $43.6 million.

Compounding that, headline net loss deepened considerably, to almost $268 million ($0.65 per share) from second quarter 2025's less than $46 million shortfall. Much of this, however, was due to a non-cash warrant remeasurement loss of almost $151 million.

Image source: Getty Images.

Those fundamentals didn't come close to meeting or beating the consensus analyst estimates. Pundits tracking Cipher Digital stock were modeling revenue of just over $32.5 million, and a far narrower per-share net loss of $0.23.

Recent softness in crypto prices was an obvious culprit for the disappointing results. On a brighter note, Cipher Digital said that it had reached agreement for a tenant coming in to its Black Pearl data center to begin receiving compute capacity at the start of this month. This was originally slated to begin in October.

Cipher Digital identified this client as only an "investment-grade hyperscale tenant" without elaborating.

It also said it has acquired an option on a new data center site, known as Apollo, in the vicinity of San Antonio, Texas.

Today's Change

(

-15.65

%) $

-3.78

Current Price

$

20.38

Much to prove No one likes a monster revenue miss or a big whiff on the bottom line. Unfortunately for Cipher Digital, that's exactly what it provided with the second-quarter results. Although the Black Pearl news is certainly welcome, I feel that the company's major work lies ahead -- proving that it can make a viable business of data center operations.

It's certainly not there yet, so in my mind, today's sell-off was fully justified.

Is 2026 The Year to Load Up on Crypto Miners?Cipher Mining NASDAQ: CIFR said its second-quarter 2026 business update reflected continued progress in its transition toward developing and operating data centers for high-performance computing, or HPC, customers. The company highlighted an accelerated delivery at its Black Pearl campus, an $810 million project financing for its Stingray project, and an expanded Texas development pipeline.

Chief Executive Officer Tyler Page said the company’s operating, contracted and future development portfolio totals approximately 5.3 gigawatts across 11 sites. That includes about 4.4 gigawatts of expected future developments, while the remaining capacity consists of contracted HPC projects and legacy Bitcoin mining operations in Odessa, Texas.

Get Cipher Mining alerts:

3 Speculative Stocks to Sell Before the Bottom Drops Out“The leases we’ve signed are giving prospective tenants more confidence to come to the table,” Page said, adding that completed financings and construction milestones were reinforcing the company’s position with capital markets and prospective hyperscale customers.

Black Pearl Delivery and Project Construction Cipher said it delivered initial data center capacity at its Black Pearl site in August, two months ahead of the original schedule, following a lease amendment requested by its tenant. Rent has commenced at the facility, according to Page.

Why Now Could Be the Smartest Time to Buy Crypto StocksThe rest of Black Pearl remains on its previously agreed delivery schedule. Phase 1’s remaining data halls are progressing through mechanical, electrical and plumbing fit-out, while Phase 2 is advancing through foundation, structural steel and underground electrical work. Cipher said it had secured approximately 96% of equipment needed across both phases.

At Barber Lake, Phase 1, consisting of approximately 168 critical IT megawatts, remains on track for rental payments to begin in October. The tenant has begun beneficial use of the site, including partial occupancy and deployment of network racks. Cipher said it has secured all equipment required to complete that project.

Construction at Stingray is also progressing, with earthwork, grading, pad preparation and underground electrical work underway. The company expects concrete foundations and steel erection to begin during the third quarter and anticipates delivery in the first half of 2027. About 75% of equipment for Stingray has been secured, Page said.

Stingray Financing and Liquidity Chief Financial Officer Greg Mumford said Cipher completed an $810 million project-level senior secured notes offering in June to fund Stingray through substantial completion. The financing covered approximately 98% of project costs and reimbursed the company for $56.7 million in previously funded expenditures.

The notes carried a 6% coupon and were approximately eight times oversubscribed, according to Mumford. He said the transaction represented Cipher’s third project-level financing and its lowest coupon to date.

Cipher has now completed three project-level financings that fully fund its contracted projects through completion, Mumford said. The company’s notes are designed to amortize during the base terms of the underlying leases.

As of June 30, Cipher had aggregate corporate and project debt outstanding of just over $6 billion. It also had a four-year, $200 million revolving credit facility, including a $50 million accordion feature, with no cash borrowings outstanding on the facility.

Total unrestricted liquidity stood at $870 million at quarter-end, consisting of $832 million in unrestricted cash and cash equivalents and $38 million in Bitcoin. The company also reported about $3.7 billion in restricted project cash, including roughly $3.2 billion reserved for construction.

Mumford said the company did not expect to require additional equity based on its current forecasts and near-term commitments. During the question-and-answer session, however, he said future equity needs could depend on the pace of development spending and the size and timing of potential new lease agreements.

Second-Quarter Financial Results Revenue for the second quarter was $25 million, down from $35 million in the first quarter. Mumford attributed the decline to the decommissioning of Bitcoin mining at Black Pearl as the company transitions toward contracted data center revenue.

GAAP net loss was $268 million, or $0.65 per diluted share, compared with a $114 million loss, or $0.28 per diluted share, in the first quarter. The wider loss was primarily driven by a $150.5 million non-cash warrant remeasurement loss, compared with a $43.6 million non-cash gain in the prior quarter. Interest income was $36 million, reflecting higher average cash balances following Black Pearl and Stingray financings. Interest expense was $67 million, compared with $59 million in the first quarter, due in part to a full quarter of interest on Black Pearl Compute notes. Total assets rose to $7.5 billion at June 30 from $4.3 billion at the end of 2025. Property and equipment increased to $2.13 billion, while construction in progress grew to $1.68 billion as Barber Lake, Black Pearl and Stingray moved forward simultaneously.

Pipeline Expansion and Texas Interconnection Process Cipher added up to 1.1 gigawatts of potential future Texas capacity during the quarter, including an option on a new 900-megawatt site near San Antonio called Apollo and a planned 200-megawatt expansion at Stingray. Apollo has been submitted as a studied load in ERCOT’s Batch Zero interconnection process.

The company expects Reveille and Ulysses to add 270 gross megawatts in 2027, while Colchis, Mikeska and McLennan could add 2 gigawatts in 2028 and 2029. Page said Colchis, Mikeska and McLennan have land secured, deposits funded and required studies and executed facilities agreements submitted to ERCOT.

During the call, Page said a letter from Texas Gov. Greg Abbott could delay anticipated decisions in the ERCOT batch process. He said Cipher had completed water surveys and stood behind its submitted attestations, adding that the company believes its sites will remain well positioned as the process develops.

Page also said the company sees increasing value in capacity outside the batch process, citing 477 megawatts potentially available in 2027 at Odessa, Reveille and Ulysses. Cipher is in discussions with prospective tenants for those sites, though Page said the company is focused on securing favorable terms and counterparties rather than completing the first available deal.

At Odessa, Cipher operated 207 megawatts of Bitcoin mining capacity during the quarter, generating approximately 11.6 exahash per second at an average fleet efficiency of roughly 17.2 joules per terahash. The site mined approximately 346 Bitcoin in the quarter. Cipher said it does not anticipate additional capital investment in Bitcoin mining and is holding early-stage discussions with multiple parties about converting Odessa into an HPC site.

About Cipher Mining (NASDAQ:CIFR)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Cipher Mining Right Now?Before you consider Cipher Mining, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cipher Mining wasn't on the list.

While Cipher Mining currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.

Get This Free Report

Black Pearl Data Center Delivery Accelerated Acquired Option for 900 MW Site Near San Antonio, Texas Completed Project-Level Financing to Fully Fund Third Data Center Development NEW YORK, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Cipher Digital Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leading developer, owner, and operator of industrial-scale data centers, today announced its second quarter 2026 financial results, with an update on its operations and business strategy. As part of this update, Cipher disclosed an amendment to its Black Pearl campus lease with its investment-grade hyperscale tenant, accelerating the development timeline of initial capacity at the tenant's request.

In the latest trading session, Cipher Digital Inc. (CIFR - Free Report) closed at $22.32, marking a -1.48% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.7%. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 1%.

The company's stock has climbed by 13.05% in the past month, exceeding the Business Services sector's gain of 2.85% and the S&P 500's loss of 0.49%.

Analysts and investors alike will be keeping a close eye on the performance of Cipher Digital Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on August 4, 2026. The company is expected to report EPS of -$0.21, down 75% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $29.28 million, showing a 32.78% drop compared to the year-ago quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.79 per share and revenue of $222.71 million, indicating changes of +63.26% and -0.55%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Cipher Digital Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.69% lower. Currently, Cipher Digital Inc. is carrying a Zacks Rank of #3 (Hold).

The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 141, positioning it in the bottom 43% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow CIFR in the coming trading sessions, be sure to utilize Zacks.com.

July 28, 2026 16:17 ET  | Source: Cipher Digital Inc.

NEW YORK, July 28, 2026 (GLOBE NEWSWIRE) -- Cipher Digital Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leading developer, owner, and operator of industrial-scale data centers, today announced its participation in several upcoming industry conferences. Members of Cipher’s management team may be featured in various discussions highlighting the Company’s recent developments and growth strategy. If any such discussion is webcast, a link to the webcast will be posted on the Company’s website at https://investors.cipherdigital.com, as well as on Cipher’s X and LinkedIn platforms ahead of each event.

Details of the Events:

Event:Canaccord Genuity’s 46th Annual Growth ConferenceDate:Tuesday, Aug 11th, 2026  Event:Needham Virtual AI Infrastructure ConferenceDate:Wednesday, Aug 12th, 2026  Event:KBW Virtual AI SummitDate:Tuesday, Oct 6th, 2026  Event:6th Nasdaq Virtual Investor Conference AsiaDate:Monday, August 17th, 2026   Webcast replays, if provided by the conference, will be available in the Events section of Cipher’s website at https://investors.cipherdigital.com/. For additional information, please contact the Cipher investor relations team at [email protected].

About Cipher

Cipher develops and operates industrial-scale data centers engineered for next-generation computing at the highest standards of innovation, precision, and excellence. The Company brings together deep expertise across power sourcing, construction, engineering, operations, real estate, and technology to deliver high-quality data centers purpose-built for HPC workloads. By partnering with premier tenants, Cipher seeks to meet the growing demand for industrial-scale data center capacity and become a leading HPC development platform that is built for hyperscale. To learn more about Cipher, please visit https://www.cipherdigital.com/.

Website Disclosure

The Company maintains a dedicated investor website at https://investors.cipherdigital.com (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors’ Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports, and notices of upcoming events. Cipher intends to use its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investor Resources section of Cipher’s Investors’ Website and submitting your email address.

Contacts:

Investor Contact:
Courtney Knight 
Head of Investor Relations at Cipher Digital 
[email protected]

Media Contact:
Ryan Dicovitsky 
Dukas Linden Public Relations 
[email protected]

NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Cipher Digital Inc.  (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced it will provide a business update and release its second quarter 2026 financial results before U.S. markets open on Tuesday, August 4th, 2026. Cipher will host a conference call and webcast that day at 8:00 a.m.

Key Takeaways High-beta momentum stocks recently suffered a 33% drawdown.Fear levels remain elevated among investors.Failed bearish technical patterns suggest that the pain is over for tech bulls. Tuesday, Wall Street investors sent the market soaring as they looked past geopolitical concerns and jockeyed for positioning in tech stocks ahead of earnings season. The Nasdaq, which has been the most beaten-down index, stormed back nearly 2%.

Time to Buy the Dip in Momentum Stocks?High beta, tech momentum just suffered a 33% drawdown in a handful of sessions, marking one of the worst drawdowns since the late 1990s Dot Com bubble burst. However, previous drawdowns of this magnitude have resulted in significant market bottoms. For instance, in 2022, high-beta momentum stocks suffered a 32.82% drawdown before bouncing.

Image Source: GS

Stocks Climb the Wall of WorryAccording to the CNN Fear & Greed Index, Wall Street investors are currently fearful. The fear comes as the major market indices have chopped sideways over the past few weeks. Despite the flattish price action, the destruction of momentum stocks and the restarting of the U.S.-Iran conflict have caused elevated fear levels

Image Source: CNN

However, just as many investors threw in the towel on AI stocks, recently beaten-down AI stocks such as SanDisk ((SNDK - Free Report) ), Cerebras Systems ((CBRS - Free Report) ), Cipher Mining ((CIFR - Free Report) ) stormed back.

From False Moves Come Fast MovesOn Wall Street, one day does not prove a trend. Nevertheless, it can produce valuable clues for investors. For instance, Micron ((MU - Free Report) ), a leading AI stock, broke down from a bearish head-and-shoulders pattern on the daily chart. However, on Tuesday, shares roared back more than 10% and retook the “neckline” of the pattern. More often than not, false moves produce violent moves in the opposite direction as late bears and shorts get trapped.

Image Source: TradingView

Meanwhile, MU shares retook the 10-week moving average after a brief shake below it. The regain of the 10-week moving average means that shares remain in an uptrend. Furthermore, MU is forming a classic bull flag pattern. Similar patterns have produced triple-digit returns over the past few years.

Image Source: TradingView

Bottom Line

Tuesday, stocks climbed the proverbial Wall of Worry as investors looked beyond geopolitical concerns. The false moves in many AI stocks suggest that the rally has staying power.

Posted by Defense World Staff on Jul 21st, 2026

Chicago Partners Investment Group LLC purchased a new stake in Cipher Mining Inc. (NASDAQ:CIFR – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,068 shares of the company’s stock, valued at approximately $323,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in shares of Cipher Mining in the 4th quarter valued at about $25,000. Arax Advisory Partners lifted its position in shares of Cipher Mining by 274.2% in the fourth quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock worth $27,000 after buying an additional 1,338 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Cipher Mining by 218.3% in the 4th quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock worth $28,000 after purchasing an additional 1,286 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Cipher Mining during the 4th quarter worth $28,000. Finally, Danske Bank A S boosted its holdings in Cipher Mining by 1,150.0% during the fourth quarter. Danske Bank A S now owns 2,500 shares of the company’s stock valued at $37,000 after acquiring an additional 2,300 shares during the period. Institutional investors and hedge funds own 12.26% of the company’s stock.

Insider Activity at Cipher Mining In related news, Director Cary M. Grossman sold 15,000 shares of Cipher Mining stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $29.43, for a total value of $441,450.00. Following the sale, the director owned 143,829 shares of the company’s stock, valued at approximately $4,232,887.47. This trade represents a 9.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Newsome sold 3,758 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $26.60, for a total transaction of $99,962.80. Following the completion of the sale, the director directly owned 128,530 shares in the company, valued at approximately $3,418,898. This represents a 2.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,245,336 shares of company stock valued at $83,803,938 over the last three months. Insiders own 2.63% of the company’s stock.

Analyst Upgrades and Downgrades Several research firms have recently weighed in on CIFR. Keefe, Bruyette & Woods increased their price objective on Cipher Mining from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. HC Wainwright upped their price objective on Cipher Mining from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald dropped their target price on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Morgan Stanley cut their price objective on Cipher Mining from $48.50 to $47.00 and set an “overweight” rating for the company in a research report on Monday. Finally, BTIG Research boosted their target price on shares of Cipher Mining from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cipher Mining currently has an average rating of “Moderate Buy” and a consensus price target of $28.22.

Get Our Latest Research Report on Cipher Mining

Cipher Mining Stock Up 17.0% Cipher Mining stock opened at $20.54 on Tuesday. Cipher Mining Inc. has a fifty-two week low of $4.55 and a fifty-two week high of $30.14. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of -8.82 and a beta of 3.18. The company has a debt-to-equity ratio of 6.13, a current ratio of 3.13 and a quick ratio of 3.13. The company’s 50 day simple moving average is $23.02 and its 200 day simple moving average is $18.71.

Cipher Mining (NASDAQ:CIFR – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The firm had revenue of $34.84 million during the quarter, compared to the consensus estimate of $36.12 million. Cipher Mining had a negative net margin of 427.79% and a negative return on equity of 117.65%. The business’s quarterly revenue was down 28.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Cipher Mining Inc. will post -0.8 EPS for the current year.

Cipher Mining Company Profile (Free Report)

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.

Featured Stories Five stocks we like better than Cipher Mining The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story

Receive News & Ratings for Cipher Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cipher Mining and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEFifth Third Bancorp Has $2.87 Million Holdings in Pinterest, Inc. $PINS

NEXT HEADLINE »Fifth Third Bancorp Takes $2.77 Million Position in JPMorgan U.S. Quality Factor ETF $JQUA

Bitcoin miners spent the past decade building out cheap electricity and heavy-duty power infrastructure. Now, some of the biggest artificial intelligence (AI) companies in the world are paying billions of dollars to use it.

Key Takeaways: Texas grid operator ERCOT is fielding 430 gigawatts of connection requests, mostly from data centers. TeraWulf’s 20-year Anthropic lease could generate about $19 billion over its term. CoinShares projects most listed bitcoin miners will earn AI income by year’s end.

Tech giants racing to add computing capacity are running into a wall that money alone can’t fix. There isn’t enough available power, and building new electrical infrastructure from scratch takes years. Bitcoin mining companies — with land, substations, and energized sites already in place — are filling that gap.

That shortage explains why hyperscalers are turning to miners rather than building on their own. The assessment comes from Matthew Kimmell, digital asset research analyst at CoinShares Asset Management.

Speaking during a July 14 CoinShares webinar moderated by Todd Rosenbluth, head of research at VettaFi, Kimmell cited new data from the Texas grid operator ERCOT. The agency reported that roughly 430 gigawatts of proposed projects are waiting for grid connection as of June. Kimmell also noted that the median wait time is 1.5 to 2 years and about 90% of those applications are from data centers.

For scale, Kimmell pointed to the record for electricity use on the Texas grid. That record, set in April 2023, was about 80 gigawatts —  meaning that the queue adds up to roughly five times the record peak.

TeraWulf Inc. (WULF) illustrated the trend on July 6. The mining company announced a 20-year lease with artificial intelligence (AI) company Anthropic at its Justified Data campus in Hawesville, Kentucky.

The agreement covers approximately 401 megawatts of critical IT load and is expected to generate about $19 billion in contracted revenue over its initial term, according to TeraWulf.

Miners Land a Wave of AI Contracts Calvin Tintle, senior manager of national accounts and distribution at CoinShares Asset Management, also joined the discussion. He listed a string of similar deals that have been signed just in the past six months, including CleanSpark, Inc. (CLSK) announcing its $6.6 billion, 20-year infrastructure lease on the same day as the webinar. Tintle also spoke on other major deals such as, Core Scientific, Inc. (CORZ) signing a 12-year, $10 billion hosting agreement with CoreWeave, Inc. (CRWV), Hut 8 Corp. (HUT) entering a 15-year, $7 billion lease with Fluidstack,  and Cipher Mining Inc. (CIFR) also reaching a multibillion-dollar, Google-backed agreement with Fluidstack.

See more: Bitcoin Miners Are Winning the AI Boom

Rosenbluth asked whether the shift was more marketing than substance. Tintle said that the shift is structural rather than a rebrand. He explained that hyperscalers need land, energized power infrastructure, and grid access — and mining companies already control all three.

CoinShares, which sponsored the webinar, offers exposure to the group through the CoinShares Bitcoin Mining ETF (WGMI). Kimmell said that CoinShares expects roughly 80% of listed Bitcoin mining companies to earn AI revenue by year’s end. That’s up from a business once built almost entirely around cryptocurrency rewards.

Miners Aren’t Giving Up on Bitcoin Kimmell also added that this shift doesn’t mean these companies have stopped mining altogether. It’s a case-by-case decision, he said, not an industry-wide exit.

According to Kimmell, bitcoin mining still functions as what he called a buyer of last resort for electricity. Unlike an AI data center, a mining rig doesn’t need a signed customer contract to run. It can be switched on or off instantly, he said.

That flexibility lets mining companies monetize stranded, underutilized or cheap power, he said. AI data centers can’t do the same because long-term contracts require higher uptime and networking reliability. Kimmell described the AI push as a diversification of the business rather than a full pivot away from bitcoin.

Tintle agreed. He compared it to Amazon.com, Inc. (AMZN) expanding past books into a broader marketplace. Mining companies are adding revenue streams, he said, without giving up a business that they already know how to run.

Because new bitcoin issuance is capped at 21 million coins, an audience member asked whether mining eventually disappears. Kimmell said that miners will keep processing transactions for fees well after that cap is reached. That isn’t expected for roughly a hundred years.

Kimmell closed the discussion by pointing to a headline he had seen that day. New York, he said, had paused new data center construction. He said pushback like that adds to the scarcity of already energized sites and leaves fewer places for the next round of AI computing demand to land.

For more news, information, and strategy, visit the CoinShares Crypto ETF Hub.

Cipher Digital Inc (NASDAQ:CIFR) shares are trading higher by more than 7% on Thursday as risk-on appetite lifts high-beta Technology names alongside crypto-adjacent and AI-infrastructure themes.

Here’s what investors need to know.

Cipher Digital stock is showing exceptional strength. Why is CIFR stock surging? CIFR Technical Analysis: Key Levels To WatchCIFR is still in a longer-term uptrend: it’s trading about 29% above its 200-day SMA ($18.13) and about 22% above its 100-day SMA ($19.15), which keeps the primary trend pointed higher. At the same time, it is trading 4.2% below its 20-day SMA ($24.46), suggesting the stock is trying to reclaim short-term trend control after a recent cooling phase.

RSI is the cleaner momentum read right now, sitting at 49.89, which signals neutral momentum rather than an overbought "chase" setup. In plain terms, RSI helps gauge whether buying or selling pressure is getting stretched; near-50 readings often show a market deciding between continuation and consolidation.

The moving-average structure remains constructive, with the 20-day SMA above the 50-day SMA and the 50-day SMA above the 200-day SMA (a golden cross that occurred in July 2025). That backdrop matters because it often turns pullbacks into "buy-the-dip" tests, especially if price can stay above the 50-day area ($22.69).

Key Resistance: $25.50 — a nearby round-number/pivot zone where rebounds can stall, and it sits above the current price as the next obvious upside test Key Support: $20.50 — a nearby level that lines up with a prior demand zone and sits closer to the broader uptrend structure What Does Cipher Digital Do?Cipher Digital is focused on high-performance computing (HPC) data center development and operations, building and running facilities designed for HPC workloads. That puts it in the middle of the market’s ongoing demand for compute capacity tied to AI and other intensive workloads.

The company also manages power assets and capital allocation based on market conditions and demand for AI-related computing capacity. In practice, that means sentiment can swing with both the broader Technology tape and expectations around data-center buildouts, utilization, and power economics.

CIFR Benzinga Edge Rankings: Momentum AnalysisBelow is the Benzinga Edge scorecard for Cipher Digital, highlighting its strengths and weaknesses compared to the broader market:

Momentum: Bullish (Score: 97.52) — The stock is showing strong trend persistence versus the broader market, consistent with its outsized 12-month run. The Verdict: Cipher Digital’s Benzinga Edge signal reveals a momentum-driven story, with the scorecard heavily concentrated in trend strength rather than a balanced factor mix. For longer-term traders, that typically puts more weight on managing entries around support/resistance and key moving averages, since momentum names can swing quickly when the tape cools.

CIFR Stock Price Action: Thursday UpdateCIFR Stock Price Activity: Cipher Digital shares were up 7.87% at $23.57 at the time of publication on Thursday, according to Benzinga Pro data.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Cipher Digital has transformed from Bitcoin mining to a leading AI data center landlord, securing $11.4B in contracted lease revenue. CIFR's signed leases with AWS and Fluidstack are set to generate $787M in average annualized NOI, with revenue ramping up from 2027 onward. Shares trade at a discount to peers, with a Buy rating and a 12-month price target of $28, based on contracted cash flows.

Many growth investors have shifted their focus to artificial intelligence (AI) stocks as they seek to outperform key benchmarks like the S&P 500 and Nasdaq Composite. Despite all of the talk about this innovative technology, it is still in its early innings. Agentic AI is just starting to gain traction among consumers and businesses, and the possibilities of AI extend well beyond chatbots and ChatGPT.

Investors still have time to ride this megatrend, and these three AI stocks look poised to deliver gains for patient investors.

Image source: Getty Images.

1. Iren The bullish thesis hasn't changed much over the past few months. Iren (IREN 0.78%) has been loading up on gigawatts and has more than doubled its total number of gigawatts from 2.9 to 5.8 year to date.

Today's Change

(

-0.78

%) $

-0.37

Current Price

$

47.37

The gigawatt buildup lets Iren service more tech giants who need AI compute. It recently signed a five-year deal with Nvidia (NVDA 1.42%) that comes to $3.4 billion for 60 megawatts. It represents an average annual value of $11.3 million per megawatt.

Iren has built its AI data center pipeline faster than competitors like Nebius (NBIS 6.11%) and Cipher Mining (CIFR +1.01%). However, those two companies have so far run laps around Iren in terms of securing deals with hyperscaler tenants. Iren is borrowing billions of dollars to buy Nvidia chips and build AI data centers. It's expecting a big return on investment from those efforts that should start to materialize soon.

While Nebius and Cipher Mining are making more deals now, Iren has a higher ceiling, especially since it hasn't rallied like those two stocks year to date. Still, Iren raised its projected annualized run rate revenue from $3.7 billion to $4.4 billion, so it should see meaningful growth soon.

2. Alphabet It's hard to go wrong with Alphabet (GOOG 2.19%) (GOOGL 1.73%). The company established itself as the search engine leader more than 20 years ago and turned that visibility into an advertising empire.

Today's Change

(

-2.19

%) $

-7.50

Current Price

$

334.69

Google and YouTube are high-margin parts of Alphabet that contributed to 22% year-over-year revenue growth in Q1 2026. Critically, these high-margin businesses have helped Alphabet explore new industries, even if its ventures were initially unprofitable. Google Cloud is a major testament to this, since it wasn't profitable for more than a decade. That same segment is now a major growth driver that was up by 63% year over year in Q1.

Google Cloud's revenue has accelerated significantly due to AI enterprise demand. It made up almost 20% of Alphabet's total business and was a key catalyst for Alphabet CEO Sundar Pichai's remark on AI investments "lighting up every part of the business."

Alphabet's vast capital and high profits give it the resources to scale self-driving vehicle brand Waymo and AI model Gemini. If Alphabet wants to capitalize on a new AI opportunity, it is well positioned to do so.

3. Broadcom Broadcom (AVGO 3.39%) specializes in customized AI chips. While Nvidia's chips perform general tasks, Broadcom's chips are custom-made for tech giants.

Demand has swelled for these chips, based on Broadcom delivering 48% year-over-year revenue growth in its fiscal 2026 second quarter. Its AI-related revenue increased by 143% year over year and made up almost half of the company's entire sales. That suggests AI-related semiconductors will make up a larger portion of future sales and have a stronger influence on upcoming revenue growth rates.

It's not just top-line growth that is exciting investors. Net income almost doubled year over year, resulting in a 42% net profit margin in the quarter. Revenue and earnings should continue to go up as demand for AI chips soars, especially as Broadcom continues to secure big wins.

The AI chip maker recently unveiled a custom AI chip that it designed for OpenAI. The chip, named Jalapeño, is an LLM-optimized inference chip. An OpenAI press release found in early testing that this chip "delivers performance per watt substantially better than current state-of-the-art."

If Broadcom can continue to make tech companies happy, the orders will continue to accumulate and potentially move Broadcom stock back to an all-time high.

Cipher Digital Inc. (CIFR - Free Report) closed the most recent trading day at $25.68, moving -2.06% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.

The company's shares have seen an increase of 4.21% over the last month, surpassing the Business Services sector's loss of 1.21% and the S&P 500's loss of 1.4%.

Investors will be eagerly watching for the performance of Cipher Digital Inc. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.24, down 100% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $29.79 million, indicating a 31.62% decline compared to the corresponding quarter of the prior year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.8 per share and revenue of $232.16 million, indicating changes of +62.79% and +3.67%, respectively, compared to the previous year.

Investors might also notice recent changes to analyst estimates for Cipher Digital Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Cipher Digital Inc. holds a Zacks Rank of #3 (Hold).

The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 34% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

In the latest trading session, Cipher Digital Inc. (CIFR - Free Report) closed at $28.14, marking a -3.56% move from the previous day. This change lagged the S&P 500's 0.37% loss on the day. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq decreased by 1.33%.

The stock of company has risen by 32.82% in the past month, leading the Business Services sector's loss of 1.59% and the S&P 500's gain of 2.02%.

Market participants will be closely following the financial results of Cipher Digital Inc. in its upcoming release. On that day, Cipher Digital Inc. is projected to report earnings of -$0.24 per share, which would represent a year-over-year decline of 100%. Meanwhile, the latest consensus estimate predicts the revenue to be $29.79 million, indicating a 31.62% decrease compared to the same quarter of the previous year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.8 per share and revenue of $232.16 million. These totals would mark changes of +62.79% and +3.67%, respectively, from last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cipher Digital Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Cipher Digital Inc. is currently a Zacks Rank #3 (Hold).

The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 172, finds itself in the bottom 30% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow CIFR in the coming trading sessions, be sure to utilize Zacks.com.

June 16, 2026 07:00 ET  | Source: Cipher Digital Inc.

Power Systems Veteran Joins Cipher from ERCOT, Where He Served as Director of Grid Coordination

Appointment Deepens Cipher’s Power and Grid Expertise as It Scales HPC Data Center Pipeline

NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Cipher Digital Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leading developer, owner, and operator of industrial-scale data centers, today announces the appointment of Bill Blevins as Head of Grid Strategies.

In this role, Mr. Blevins will lead Cipher’s grid strategy, supporting the Company’s efforts to source and secure power, and advance its development pipeline in Texas and around the country. He will report to Will Iwaschuk, Cipher’s Co-President & CLO.

Mr. Blevins brings to Cipher more than 30 years of power systems experience spanning grid operations, reliability, and nuclear power. He joins Cipher from the Electric Reliability Council of Texas (“ERCOT”), where he served as Director of Grid Coordination. During his tenure at ERCOT, he previously held the roles of Manager of Operations Support and Manager of Operations Planning and was responsible for grid operations as ERCOT transitioned to its Nodal Market in 2011. Prior to ERCOT, Mr. Blevins served at the North American Electric Reliability Corporation (“NERC”) and Duke Energy. In 2024, the Blevins Solar Project, a campus with 270 megawatts of solar power and 180 megawatts / 360 megawatt-hours of battery storage, was named in his honor.

“Bill is one of the most respected grid operators in the entire country, and his deep understanding of ERCOT and large-scale power systems will be invaluable as we continue to develop and energize data centers at scale,” said Mr. Iwaschuk. “Securing and delivering power is the foundation of everything we do, and adding a leader of Bill’s caliber further strengthens our ability to execute across our pipeline.”

About Cipher

Cipher develops and operates industrial-scale data centers engineered for next-generation computing at the highest standards of innovation, precision, and excellence. The Company brings together deep expertise across power sourcing, construction, engineering, operations, real estate, and technology to deliver high-quality data centers purpose built for HPC workloads. By partnering with premier tenants, Cipher seeks to meet the growing demand for industrial-scale data center capacity and become a leading HPC development platform that is built for hyperscale. To learn more about Cipher, please visit https://www.cipherdigital.com/.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as statements about the Company’s beliefs and expectations regarding its planned business model and strategy, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions).

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Cipher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (“SEC”) on February 24, 2026 and in Cipher’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Website Disclosure

The Company maintains a dedicated investor website at https://investors.cipherdigital.com/ (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors’ Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investor Resources section of Cipher’s Investors’ Website and submitting your email address.

Contacts:

Investor Contact:
Courtney Knight
Head of Investor Relations at Cipher Digital
[email protected]

Drew Armstrong
Head of Strategic Initiatives
[email protected]

Media Contact:
Ryan Dicovitsky
Dukas Linden Public Relations
[email protected]