Cipher Mining Inc (CIFR)

Cipher Mining's stock (CIFR) has experienced significant upward movement, with a 78.69% rise over the last month and a 596.27% increase over the last six months as of late October 2025. The stock price as of October 24, 2025, was $20.66, a substantial increase from $5.46 on October 25, 2024. Analyst ratings have been largely positive, with a consensus of "Moderate Buy". However, there have also been notable insider selling activities. The company reported a Q2 2025 GAAP net loss of $46 million, though adjusted earnings showed significant improvement. A significant event impacting the stock was news on October 2, 2025, of a massive order for Bitcoin mining equipment placed with Canaan. Cipher Mining also announced the retirement of its CFO and the appointment of a successor in early October 2025.

Demand seasonality for Cipher Mining's products and services is primarily influenced by factors affecting Bitcoin mining and high-performance computing (HPC) hosting. The company's stock performance can be impacted by Bitcoin seasonality. Seasonal surges in electricity rates, especially during ERCOT's summer 4CP periods, can impact the company's cost of revenue and profitability.

Cipher Mining, Inc. is focused on the Bitcoin mining ecosystem in the United States, specializing in the development and operation of industrial-scale data centers for Bitcoin mining and high-performance computing (HPC) hosting. The company aims to expand and strengthen the Bitcoin network's infrastructure through self-mining, transaction validation, and HPC hosting services. Cipher Mining operates within the Technology Services sector, specifically in the Data Processing Services industry, and is also categorized under the Capital Markets industry group.

Cipher Mining's operational footprint is concentrated in Texas, United States, with approximately 327 MW of facilities across four Bitcoin mining data centers, including one wholly-owned data center and three partially owned joint ventures. Key operational sites include the Odessa data center and the Alborz, Bear, and Black Pearl data centers. They also have a pipeline of 2.8 GW across seven additional sites in Texas, such as Barber Lake, Stingray, and Reveille.

Cipher Mining's brand reputation appears to be positively influenced by its strategic pivot towards high-performance computing (HPC) in addition to Bitcoin mining. The company's announcement of a long-term agreement with Fluidstack in September 2025 further bolstered its reputation. Positive analyst ratings and a "Moderate Buy" consensus also reflect a generally favorable view of the company.

Cipher Mining Inc. has a diverse ownership structure, with institutional shareholders owning approximately 76.83% of the company, while Cipher Mining insiders own about 45.91%. Retail investors hold a smaller percentage. Major institutional owners include V3 Holding Ltd, BlackRock, Inc., Vanguard Group Inc, Softbank Group Corp, BIT Capital GmbH, Alyeska Investment Group, L.P., Geode Capital Management, Llc, and State Street Corp. V3 Holding Ltd and Top Holdco Bv Bitfury are significant individual shareholders.