Citizens has initiated coverage on Cipher Mining Inc (CIFR), assigning it a Market Outperform rating. This marks the firm's first assessment of the company's investment potential, reflecting its analysis of Cipher Mining's business model, industry dynamics, and growth prospects.
Cipher Mining operates as a Bitcoin mining ecosystem in the United States, headquartered in New York City. The company focuses on the development and operation of industrial-scale data centers for Bitcoin mining and high-performance computing hosting. Currently, Cipher Mining employs 43 full-time staff and has a market capitalization of $5.7 billion. Its facilities in Texas boast an aggregate hash rate capacity of 15.7 exahash per second (EH/s), with a pipeline of 2.8 gigawatts across seven additional sites.
As of November 18, 2025, Cipher Mining shares are priced at $14.58. The company has faced challenges in recent earnings, with an EPS of -0.19 for the trailing twelve months and a series of earnings surprises, including a -276.6% deviation from estimates in Q3 2025. Upcoming earnings are anticipated on August 4, 2026, with an EPS estimate of -0.16 and revenue expectations of $73.7 million.
Analyst ratings and price targets are based on research and financial modeling, providing insights into market sentiment. However, they reflect assumptions that may not always hold true. Investors are encouraged to consider various factors, including company fundamentals and industry trends, when evaluating their investment strategies. Analyst opinions can evolve as new information emerges, leading to differing perspectives on the same company.