Companies /Technology

Cipher Mining Inc

NASDAQ: CIFR Information Technology Services
$5.53
▼ $0.98 (−15.00%) today
Markets open · 2:02pm ET

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Earnings Miss −37.5% EPS vs. the estimate, revenue, and how the market reacted. CIFR earnings history →

CIFR at a Glance

Valuation
Market cap
$3.0B
Profitability
Revenue (TTM)
$146.1M
EPS (TTM)
$-2.77
Price
52-week range
$6 – $30
Street target
$26.57
Earnings
Q3 2026 EPS
$-0.22
vs. $-0.16 est.
−37.5%

Headquartered in New York, NY Fiscal year ends December NASDAQ: CIFR cipherdigital.com

About Cipher Digital

Cipher Digital Inc. (NASDAQ: CIFR), operating as Cipher, develops, owns and operates industrial-scale data centers purpose-built for high-performance computing (HPC) and AI workloads. Its business model covers the full development cycle: originating land and power, designing and building infrastructure, financing projects at the project level, and owning and operating facilities under long-term colocation leases with hyperscalers and AI labs. Project equity is later recycled into new development.

Contracted HPC portfolio (700 MW gross, about $16.6 billion of contracted revenue, 17.3-year weighted average lease term):
- Barber Lake: 300 MW, 20-year modified gross lease with a leading AI lab and high investment-grade support.
- Black Pearl: 300 MW, 15-year triple-net lease with a high investment-grade hyperscaler; first HPC lease revenue recognized in Q3 2026.
- Stingray: 100 MW, 15-year triple-net lease with a high investment-grade hyperscaler.

The company also runs a legacy bitcoin mining operation at its 207 MW Odessa, Texas site, with about 11.6 EH/s of hashrate and a fixed-price power purchase agreement. It is in active discussions to monetize the site for HPC.

Its development pipeline totals about 5.9 GW across Texas sites. This includes about 3.4 GW of grid capacity subject to ERCOT's batch process (Colchis, Mikeska, Apollo, McLennan, Stingray Phase II, Reveille, Ulysses and Horizon). It also includes up to 2.5 GW of potential on-site gas-fired generation enabled by lateral pipelines under development. Projects are financed through project-level senior secured notes and corporate convertible notes. Updated

Revenue by Segment · Q3 2026
  1. Bitcoin Mining78%
  2. HPC Leasing22%

Latest Activity

CIFRCipher Digital
Regular session
$5.42
-12.44%open $6.19

A 12.4% slide to $5.42 takes roughly $300 million off the $2.5 billion miner in a single session. At that size, one day undoes weeks of grind for anyone holding.

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Biggest movers · At the close
Gainers
  • DUOLDuolingo$162.31+26.8%
  • OPENOpendoor Technologies$1.99+14.4%
  • BRKRBruker$63.73+12.8%
  • LYFTLyft$18.77+12.6%
  • MRNAModerna$255.26+11.7%
Losers
  • CIFRCipher Digital$6.46-20.5%
  • DDOGDatadog$188.37-14.6%
  • VRTVertiv$204.81-13.2%
  • CVSCVS Health$80.29-12.2%
  • PWRQuanta Services$577.78-12.1%

Duolingo closed up 26.8% at $162.31, the biggest move in a 383-stock priority universe that saw double-digit swings on both ends. Datadog, Vertiv, CVS and Quanta all gave up more than 12% in the same session.

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CIFRCipher Digital
After-hours
$8.12
+14.04%open $7.12

A 14% rip off the $7.12 open to $8.12 adds roughly a seventh to a $3.4 billion market cap in one session. Moves this size rarely settle quietly, so keep an eye on whether the gain holds into the next open.

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Biggest movers · At the close
Gainers
  • CIFRCipher Digital$8.07+17.7%
  • FNFabrinet$359.88+14.6%
  • MARAMARA$7.16+11.3%
  • IRENIREN$24.42+10.9%
  • APLDApplied Digital$17.79+9.7%
Losers
  • SHOPShopify$143.21-8.3%
  • FIGFigma$21.03-5.2%
  • APOApollo Global Management$114.16-4.5%
  • DUOLDuolingo$129.21-4.5%
  • EXPEExpedia$286.34-4.2%

Four of Monday's five biggest gainers were bitcoin miners and data center names, led by Cipher Digital's 17.7% close. Shopify ran the other way with an 8.3% drop, the session's sharpest decline across 381 priority stocks.

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CIFRCipher Digital
Regular session
$8.04
+12.99%open $7.12

A 12.99% intraday rip to $8.05 adds roughly a tenth to a $3.3 billion market cap in a single session. Moves this size rarely hold their full gain into the close, so keep an eye on where it settles.

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Biggest movers · On the open
Gainers
  • FNFabrinet$355.82+13.3%
  • BEBloom Energy$211.83+7.9%
  • ALABAstera Labs$246.01+7.1%
  • CIFRCipher Digital$7.33+6.8%
  • NVTSNavitas Semiconductor$8.43+6.3%
Losers
  • TRIThomson Reuters$110.21-9.8%
  • SHOPShopify$142.3-8.9%
  • APOApollo Global Management$113.56-5.0%
  • PLTRPalantir$170.08-4.6%
  • INFYInfosys$12.01-4.1%

Fabrinet opened 13.32% higher at $355.82, the widest single move across 382 priority names this morning. Thomson Reuters anchors the other end, down 9.84%, with Shopify close behind.

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CIFRCipher Digital
Q3 2026
EPS
-$0.22
est -$0.16-37.5%
Revenue
$27M
est $37M-28.8%

Bitcoin mining revenue fell to $20.8 million from $71.7 million a year ago, missing expectations, and the first HPC lease income from Black Pearl covered little of the gap. Barber Lake's amended 20-year lease adds contracted rent, but data halls do not start landing until Q4 2026.

Quarterly EPS — reported vs estimate
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Earnings on deck — Nov 2–6
1301 companies521 before open780 after close

1,301 companies report next week, and Monday alone front-loads the read on consumer, travel and chips before the open: Estée Lauder, Marriott, Fox, Check Point and Tower Semiconductor. With misses getting punished harder than usual this season, positioning ahead of Monday morning matters.

  • CHKPCheck Point Software Technologies Ltd.Mon Nov 2Before open
  • TEMTempus AI, Inc. Mon Nov 2Before open
  • ELThe Estée Lauder Companies Inc.Mon Nov 2Before open
  • CIFRCipher Mining IncMon Nov 2Before open
  • ETREntergy CorporationMon Nov 2Before open
  • MARMarriott International, Inc.Mon Nov 2Before open
  • NSSCNAPCO Security Technologies, Inc.Mon Nov 2Before open
  • AKRAcadia Realty TrustMon Nov 2Before open
  • FOXAFox CorporationMon Nov 2Before open
  • PEGPublic Service Enterprise Group IncorporatedMon Nov 2Before open
  • TSEMTower Semiconductor Ltd.Mon Nov 2Before open
  • ALXAlexanders Inc.Mon Nov 2Before open
  • AXSMAxsome Therapeutics, Inc.Mon Nov 2Before open
  • CHHChoice Hotels International, Inc.Mon Nov 2Before open
  • CNACNA Financial CorporationMon Nov 2Before open
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CIFRCipher Digital
New 52-week low$7.71-2.9% vs prior low · 2026-10-23

Cipher Digital carved a new 52-week low at $7.71, 2.9% under the floor it set just three sessions ago. The $3.2 billion miner is now a quarter of the $29.18 it fetched at its one-year peak.

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Biggest movers · On the open
Gainers
  • NOCNorthrop Grumman$538+5.4%
  • LLYEli Lilly$1,285.71+3.7%
  • BMYBristol-Myers Squibb$60.96+3.6%
  • MRKMerck &$148.5+3.4%
  • ARGXargenx$853.32+3.4%
Losers
  • IRENIREN$25.85-6.8%
  • CIFRCipher Digital$8.35-6.6%
  • LCIDLucid$2.91-6.1%
  • AAOIApplied Optoelectronics$73.51-6.0%
  • COHRCoherent$218.97-5.6%

Defense and big pharma own the top of the board at the open, led by Northrop Grumman up 5.36%, with Eli Lilly, Bristol-Myers Squibb and Merck also higher. The pain is concentrated in crypto miners and optics names, where IREN leads the decline.

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CIFR Coverage

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Frequently Asked Questions

What does Cipher Digital do?

Cipher Digital Inc. (NASDAQ: CIFR), operating as Cipher, develops, owns and operates industrial-scale data centers purpose-built for high-performance computing (HPC) and AI workloads.

What is the CIFR stock price target?

The Wall Street consensus 12-month price target for CIFR is $26.57.