Cipher Mining Inc.(CIFR)Earnings, Financials & Key Ratios
CIFR•NASDAQ
$20.47
Price updated Jul 7, 2026
AboutCipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.Show more
- EBITDA-$137M-328.0%
- Net Income-$822M-1742.2%
- EPS (Diluted)-2.15-1435.7%
- Gross Margin28.4%+52.8%
- EBITDA Margin-61.08%-254.0%
- Operating Margin-150.67%-421.5%
- Net Margin-367.17%-1144.4%
- ROE-108.35%-1324.0%
CIFR Price & Volume
Cipher Mining Inc. (CIFR) stock price & volume — 10-year historical chart
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Aggressive Capital Expansion Masks Persistent Operational Losses
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Fortress
Cash Flow:Burning
Primary Risk:Extreme Bitcoin Price Sensitivity
Key Thesis Takeaways
- Cipher Mining continues to prioritize rapid infrastructure scaling, evidenced by a $554.0 million capital expenditure in 2026Q1, yet this strategy has failed to translate into consistent profitability as evidenced by a -$114.3 million net loss in the same period.
- While the company maintains a substantial $715.2 million cash buffer to navigate Bitcoin price volatility, the reliance on high stock-based compensation, which reached $27.0 million in 2026Q1, complicates the path to sustainable shareholder value.
- Investors should monitor whether the massive investment in ASIC hardware can eventually overcome the inherent risks of technological obsolescence and the current disconnect between asset growth and operational returns.
Verdict Logic
the company's inability to generate positive free cash flow, evidenced by a -$462.5 million burn in 2026Q1, suggests that current capital allocation strategies are not yet yielding sufficient returns on the $1.3 billion net PPE investment.
CIFR Growth Metrics
Cipher Mining Inc. (CIFR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years319.34%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-626.73%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-541.71%
Return on Capital
10 Years-15.61%
5 Years-15.61%
3 Years-9%
Last Year-15.63%
CIFR Recent Earnings
Cipher Mining Inc. (CIFR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 1/12 qtrs (8%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.28-3.7%
$0.27
Rev
$35M-3.5%
$36M
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$1.92-1500.0%
$0.12
Rev
$60M-30.3%
$86M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$0.01+87.5%
$0.08
Rev
$72M-17.7%
$87M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.12+0.0%
$0.12
Rev
$44M-44.8%
$79M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.28vs $0.27-3.7% | $35Mvs $36M-3.5% |
| Q1 2026 | Feb 24, 2026 | $1.92vs $0.12-1500.0% | $60Mvs $86M-30.3% |
| Q4 2025 | Nov 3, 2025 | $0.01vs $0.08+87.5% | $72Mvs $87M-17.7% |
| Q3 2025 | Aug 7, 2025 | $0.12vs $0.12+0.0% | $44Mvs $79M-44.8% |
Based on last 12 quarters of dataView full earnings history →
Latest CIFR News
Recent stock market news and headlines for Cipher Mining Inc. (CIFR)
Seeking Alpha·2 days ago
Cipher Digital: From Bitcoin Miner To AI Infrastructure LandlordCipher 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.
Fool - Investing News·5 days ago
Does Iren's Golden State Warriors Partnership Make Any Sense?This deal could be a masterstroke, but investors need more clarity on the company's direction.
Zacks Investment Research·6 days ago
Cipher Digital Inc. (CIFR) Registers a Bigger Fall Than the Market: Important Facts to NoteCipher Digital Inc. (CIFR) closed at $22.84 in the latest trading session, marking a -6.78% move from the prior day.
24/7 Wall Street·Jun 30, 2026
Coinbase Strategist: Bitcoin Has Survived “6 of These Cycles” in 15 Years and “Over 40 Countries” Hold BitcoinCoinbase (NASDAQ:COIN | COIN Price Prediction) Head of Institutional Strategy John D'Agostino used a recent CNBC Squawk Box appearance to push back on the wave of skepticism that has followed a brutal stretch for crypto prices.
Peers Comparison
Key metrics vs top competitors for Cipher Mining Inc. (CIFR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $20.47 | $8.31B | -9.52 | 48.04% | -367.17% | -108.35% | — | |
| $12.05 | $4.59B | -3.27 | 38.2% | -234.83% | -51.65% | — | |
| $21.17 | $8.03B | -10.86 | 71.89% | -132.76% | -28.78% | — | |
| $12.48 | $3.2B | 11.14 | 102.21% | -67.66% | -29.93% | — | |
| $2.16 | $1.29B | -16.62 | 18.87% | -197.58% | -69.94% | — | |
| $96.74 | $10.89B | -45.21 | -90.71% | — | -17.66% | — |
Compare CIFR vs Peers
Cipher Mining Inc. (CIFR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CIFR SEC Filings & Documents
Cipher Mining Inc. (CIFR) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
Mar 25, 2026·SEC
Material company update
Feb 24, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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CIFR Frequently Asked Questions
Cipher Mining Inc. (CIFR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Cipher Mining Inc.'s revenue?
Cipher Mining Inc. (CIFR) reported $175.0M in revenue for fiscal year 2025.
How fast is Cipher Mining Inc. growing?
Cipher Mining Inc. (CIFR) grew revenue by 48.0% over the past year. This is strong growth.
Is CIFR profitable?
Cipher Mining Inc. (CIFR) reported a net loss of $897.6M for fiscal year 2025.
Dividend & Returns
What is CIFR's return on equity?
Cipher Mining Inc. (CIFR) has a return on equity (ROE) of -108.3%. Negative ROE indicates the company is unprofitable.
What is Cipher Mining Inc.'s free cash flow?
Cipher Mining Inc. (CIFR) had negative free cash flow of $929.7M in fiscal year 2025, likely due to heavy capital investments.