Cipher Mining runs large data centers that solve Bitcoin's math puzzles, earning newly minted coins—like a digital gold miner with server racks instead of shovels.
Money comes from selling mined Bitcoin, but it's not covering costs: 2025 revenue was USD 0.22B against a USD 0.34B operating loss, and gross margin fell to 28.4% from 60.3% in 2023.
No durable edge: anyone can buy the same ASIC rigs from Bitmain or MicroBT, and electricity contracts aren't exclusive—Riot Platforms and Marathon Digital compete on identical inputs. Moat is weak because mining is a commodity business where only the cheapest
Sell (sector percentile 1) — value F, growth F, profitability F, momentum B, revisions D-. Updated daily, sector-relative, identical for every user.
Key events, in time order
Lease talks progressing with some capacity live; stock under short-term pressure
Trump warns Texas opposing data centers is a mistake; AI bigger than internet
Black Pearl 提前2个月交付首批数据中心容量，租金已开始计入，租约修订加速了开发时间线。
Miss tied to BTC decommissioning; AI revenue ahead; debt mostly non-recourse project-level
Arlington Trust lifted stake to 41,513 shares per SEC filing
Black Pearl 提前2个月交付首批数据中心容量，租金已开始计入，租约修订加速了开发时间线。
Project financing completed; third-party confirms earnings release, but no financials disclosed
Price consolidates in $20-22 key zone with support holding
Technical analysts note CIFR monthly candle has above-average volume and a long lower wick, indicating aggressive buying on dips, while Gann Square chart shows strong resistance ahead
Analysts cite combined 2026 capex of $733B for AMZN, META, MSFT & GOOGL, with Amazon noting ~3-year breakeven on AI investments, reinforcing demand thesis for AI infrastructure stocks like CIFR
KBW raises PT from $27 to $32, maintains Outperform
CIFR and peers down 39% from June highs; Meta selling excess compute and NY moratorium on hyperscale DCs are catalysts
The moratorium impacts operators like CIFR, but CEO Tyler Page confirms none of its 10 sites are in New York; 9 in Texas, 1 in Ohio
907 megawatts of operating and contracted capacity with approximately $11.4 billion in contracted revenue across base lease terms of 10 to 15 years
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Cipher Mining is seen as a speculative play in the AI power land-grab, with potential to repurpose capacity. However, it faces volatility and is considered expensive against earnings.
Main discussion
Different voices
The AI buildout is becoming a power land-grab and this group now controls ~32 GW of planned capacity that could be repurposed into higher-value compute: • $IREN ~5.8 GW • $CIFR ~4.0 GW • $HUT ~3.8 GW • $WULF ~3.6 GW • $MARA ~2.8 GW • $CORZ ~2.6 GW • $RIOT ~2.0 GW • $CLSK ~1.8 GW
Trader's glance - $CIFR at $15.77. 🔴 𝙀𝙭𝙥𝙚𝙣𝙨𝙞𝙫𝙚 against its earnings. Cipher Digital develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting. It trades at 69x earnings. Datacenter operators usually get 32x. Fair is $6.48 th
$CIFR (weekly) - closed the week at $15.77 Goddamn, wild week for $CIFR. One day we're flying, the next we're crashing, then we repeat the cycle all over again. The ending was a bad landing though, lost the momentum cloud and the support. We saw this exact setup back in March, an
Weinstein Stage 4: $CIFR $TTD $ASTS $ORCL All four are currently in Stage 4: Declining under Weinstein’s framework, signaling deteriorating trend structure. Price is below the 30 week SMA with the moving average rolling over, keeping the primary trend bearish. Until these names r
$CIFR (Max Pain: 17 | Spot: 15.76) - The gap has real room to close Price is sitting well under 17 here and five trading days is enough runway for a gap this size to actually move. Nothing right at spot forms a hard wall, but push past 19 toward 20 and the chart's pull genuinely
And there you go, amazing news for $NVDA Next week's er is gonna be fun. Instead this is gonna be very painful for neo-clouds like $IREN $NBIS $CRWV $CIFR $DGXX $CLSK $WYFI and so on. I'd say kinda good for neo-clouds that are patiently waiting before signing deals, $IREN earning
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