Cipher Mining Sees Unusually High Options Volume (NASDAQ:CIFR)

by · The Markets Daily

Cipher Mining Inc. (NASDAQ:CIFR – Get Free Report) saw some unusual options trading activity on Tuesday. Traders purchased 205,000 call options on the company. This represents an increase of 47% compared to the typical daily volume of 139,648 call options.

Cipher Mining Price Performance

Shares of CIFR traded up $1.26 during mid-day trading on Tuesday, reaching $8.12. The company had a trading volume of 66,769,160 shares, compared to its average volume of 31,390,592. The company’s 50 day simple moving average is $13.99 and its 200 day simple moving average is $17.70. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of -2.84 and a beta of 3.20. Cipher Mining has a 1-year low of $6.62 and a 1-year high of $30.14. The company has a debt-to-equity ratio of 9.69, a quick ratio of 3.00 and a current ratio of 3.00.

Cipher Mining (NASDAQ:CIFR – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.03. The company had revenue of $26.70 million during the quarter, compared to the consensus estimate of $39.31 million. Cipher Mining had a negative net margin of 585.75% and a negative return on equity of 156.28%. The company’s revenue for the quarter was down 62.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. Analysts expect that Cipher Mining will post -1.36 EPS for the current year.

Key Stories Impacting Cipher Mining

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

  • Positive Sentiment: Cipher says it has $16.6 billion in contracted revenues, improving Barber Lake lease economics and a 5.9-gigawatt development pipeline—potential long-term support as it expands its high-performance computing business. Article: CIFR Q3 Earnings Call Highlights Growth Plans and Cost Pressures
  • Positive Sentiment: The stock is also benefiting from a broader rebound in AI-data-center companies, including former Bitcoin miners repositioning as AI hosts. Article: Cipher Digital Soars as AI Data Center Stocks Rebound
  • Neutral Sentiment: JPMorgan, Needham, Rosenblatt and Cantor Fitzgerald cut their price targets, but kept bullish “overweight” or “buy” ratings, signaling that they still see substantial potential despite lowering expectations. JPMorgan analyst recommendations
  • Negative Sentiment: Third-quarter revenue was $26.7 million, well below the $39.31 million consensus and down 62.8% year over year. Bitcoin-mining revenue fell sharply, while early HPC rent remains limited; substantial borrowing and quarterly interest expense add pressure before data halls reach full utilization. Article: Cipher Digital Profit Is a Warrant Gain
  • Negative Sentiment: Although CIFR’s quarterly loss per share was narrower than analysts expected, the revenue miss and a wave of target cuts—including JPMorgan’s reduction from $22 to $18—highlight lowered near-term expectations. Article: Cipher Digital Reports Q3 Loss, Lags Revenue Estimates

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CIFR shares. Rosenblatt Securities lowered their target price on Cipher Mining from $30.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup reissued a “market outperform” rating on shares of Cipher Mining in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a report on Monday, September 21st. Morgan Stanley dropped their price target on shares of Cipher Mining from $54.00 to $51.50 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Cantor Fitzgerald reduced their price target on Cipher Mining from $19.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cipher Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.06.

View Our Latest Stock Analysis on CIFR

Institutional Trading of Cipher Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position 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 buying an additional 81,192 shares during the period. Wellington Management Group LLP grew its stake in Cipher Mining by 567.1% in the second quarter. Wellington Management Group LLP now owns 3,985,806 shares of the company’s stock valued at $97,652,000 after acquiring an additional 3,388,359 shares during the period. Jennison Associates LLC increased its stake in Cipher Mining by 48.7% during the 1st quarter. Jennison Associates LLC now owns 2,519,281 shares of the company’s stock valued at $32,423,000 after purchasing an additional 824,618 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Cipher Mining during the first quarter worth about $24,486,000. Finally, Moore Capital Management LP bought a new position in shares of Cipher Mining in the second quarter valued at approximately $35,077,000. Institutional investors and hedge funds own 12.26% of the company’s stock.

About Cipher Mining

(Get Free Report)

Cipher Mining Inc (NASDAQ: CIFR) is a bitcoin mining company that develops and operates large-scale data center infrastructure in the United States. The company uses specialized application-specific integrated circuit (ASIC) computers to validate transactions on the Bitcoin network and earn bitcoin rewards.

Cipher focuses on securing access to cost-effective power, building and managing mining facilities, and deploying high-performance computing equipment. Its operations are supported by power infrastructure, cooling systems, networking equipment and other data center technologies required for energy-intensive digital asset mining.

The company was formed through the combination of Cipher Mining Technologies Inc and Good Works Acquisition Corp.

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