Cipher Digital Inc. Common Stock

CIFR

Market cap $6.32B

Cipher Digital: Pivot Proven, Re-Rating Next

CIFR's Q4 loss widens sharply as revenues fall sequentially and mining capacity drops amid its pivot to HPC data centers.

Cipher Mining, rebranding as Cipher Digital, is pivoting from bitcoin mining to AI data center leasing, with major contracts secured. CIFR has $9.3 billion in long-term leases with AWS and Google, covering only a fraction of its 4+ GW power capacity, highlighting substantial future monetization potential. Despite near-term revenue gaps and execution risk, CIFR trades at 10x NOI from existing leases, with significant upside as additional contracts are secured.

Cipher Mining Inc. (CIFR) Q4 2025 Earnings Call Transcript

Cipher Mining Inc. (CIFR) came out with a quarterly loss of $1.92 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.06 per share a year ago.

Acquires  49% equity interest in Alborz LLC, Bear LLC, and Chief Mountain LLC  Adds Cipher Mining as significant shareholder through non-cash transaction Includes acquisition of 6,840 Avalon® A15Pro mining rigs SINGAPORE, Feb. 23, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has acquired Cipher Mining Technologies Inc.'s (NASDAQ: CIFR) ("Cipher") 49% equity interest in the joint venture comprising Alborz LLC, Bear LLC, and Chief Mountain LLC (collectively, the "ABC Projects"). Following the acquisition, the Company now owns a 49% stake in the ABC Projects, while WindHQ LLC ("WindHQ") maintains its 51% stake in the ABC Projects.

Cipher Mining, Circle, American Bitcoin and more report earnings this week. Bitdeer Technologies sells its bitcoin holdings.

Buying stocks that are under $30 per share can lead to significant growth if you make the right picks. Cipher Mining is at the forefront of the energy bottleneck that has plagued many tech giants.

CIFR's Q4 performance is likely to have been pressured by higher power costs, rising leverage and ongoing AI data center expansion efforts.

Cipher Mining Inc. (CIFR) closed at $15.64 in the latest trading session, marking a -4.75% move from the prior day.