Cipher Mining (NASDAQ:CIFR) Shares Down 10.3% – Should You Sell?

24 Jul 2026, 19:20 by Sarita Garza · The Markets Daily

Cipher Mining Inc. (NASDAQ:CIFR – Get Free Report)’s share price fell 10.3% during trading on Friday . The company traded as low as $23.56 and last traded at $23.1690. Approximately 14,221,187 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 27,051,377 shares. The stock had previously closed at $25.82.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. HC Wainwright boosted 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. BTIG Research raised their target price on Cipher Mining from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Jefferies Financial Group began coverage on Cipher Mining in a report on Thursday, May 14th. They set a “buy” rating and a $32.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 price target on shares of Cipher Mining in a research report on Thursday, June 25th. Finally, Needham & Company LLC increased their price target on shares of Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cipher Mining presently has an average rating of “Moderate Buy” and a consensus target price of $28.22.

Check Out Our Latest Research Report on Cipher Mining

Cipher Mining Stock Performance

The company has a 50-day moving average of $23.21 and a 200 day moving average of $18.90. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 6.13. The firm has a market capitalization of $9.51 billion, a PE ratio of -9.99 and a beta of 3.18.

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

Insiders Place Their Bets

In other Cipher Mining news, major shareholder Holding Ltd V3 sold 1,200,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $25.49, for a total value of $30,588,000.00. Following the completion of the transaction, the insider owned 58,316,694 shares of the company’s stock, valued at $1,486,492,530.06. The trade was a 2.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Newsome sold 3,758 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $26.60, for a total value of $99,962.80. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. Insiders sold a total of 3,245,336 shares of company stock valued at $83,803,938 over the last three months. Corporate insiders own 2.63% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Cipher Mining by 43.2% during the fourth quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock valued at $482,360,000 after buying an additional 9,865,533 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Cipher Mining in the third quarter worth approximately $70,524,000. Situational Awareness LP grew its holdings in shares of Cipher Mining by 82.4% in the fourth quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock worth $154,524,000 after purchasing an additional 4,728,600 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Cipher Mining by 3,718.3% in the fourth quarter. Janus Henderson Group PLC now owns 4,292,790 shares of the company’s stock worth $63,359,000 after buying an additional 4,180,362 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Cipher Mining in the first quarter worth $9,316,000. 12.26% of the stock is currently owned by institutional investors.

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.