Cipher Mining

Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business. The company was founded in January 2021 and is headquartered in New York, NY.

Earnings data Q3 2021

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Cipher Mining reports robust Q4 performance and strategic expansion plans

Cipher Mining's Q4 2022 earnings call highlighted strong operational performance, cost discipline, and strategic expansion plans. The company's focus on managing market cyclicality, evaluating M&A opportunities, and maintaining low electricity costs underscores a proactive approach to growth and profitability.

Cipher Mining reports Q1 revenue growth, eyes expansion amid challenges

Cipher Mining's Q1 2023 earnings call highlighted revenue of $21.9 million, with plans to increase mining capacity and rigs. The company is evaluating debt market options for expansion but faces challenges with terms offered. Despite stock performance concerns, Cipher remains focused on driving shareholder value and exploring growth opportunities.

Cipher Mining reports record production and revenue growth in Q2

Cipher Mining's Q2 2023 performance reflects operational success and revenue generation, underpinned by a strong financial position and growth strategy.
While challenges like net losses and expansion timelines exist, opportunities in organic growth, joint ventures, and power coordination in Texas position the company for future success.
Overall, Cipher Mining's focus on efficiency, expansion, and strategic partnerships sets the stage for continued growth and competitiveness in the cryptocurrency mining industry.

Cipher Mining reports Q3 revenue growth, plans hash rate expansion

Cipher Mining's Q3 performance reflects revenue generation from mining operations and bitcoin inventory, with a focus on expanding hash rate capacity.
The company's strengths lie in strong relationships with rig manufacturers, efficiency-driven rig purchases, and a commitment to ESG principles.
Challenges include cost considerations for Black Pearl, lead time variability, rig efficiency transitions, and power cost hedging.
Opportunities exist in funding strategies, operational diversification, cost optimization, and project timeline acceleration for Black Pearl.

Cipher Mining (CIFR) excels in Q4 2023, eyes strategic growth

Cipher Mining's Q4 2023 performance reflects strong financials and operational growth, underpinned by strategic initiatives and disciplined investment.
While challenges like the Bitcoin halving and operational complexities exist, the company's focus on optimization and resilience positions it well for future opportunities.
By balancing strengths in financial management, strategic growth, and operational efficiency, Cipher Mining navigates challenges and capitalizes on growth prospects.

Cipher Mining (CIFR) reports robust Q1 earnings amidst industry challenges

Cipher Mining (CIFR) delivered a strong financial performance in Q1 2024, with robust revenues, earnings, and a solid liquidity position. The company is strategically managing expenses, capital allocation, and operational efficiency to drive long-term growth and profitability.
Despite facing challenges such as post-halving dynamics, hash rate decreases, and potential CapEx strains, Cipher Mining remains focused on optimizing operations and exploring growth opportunities. The company's proactive approach to M&A, site expansions, and cost optimization positions it well for future success.
With a prudent financial strategy, a focus on operational enhancements, and a commitment to strategic decision-making, Cipher Mining is poised to navigate industry challenges and capitalize on opportunities for growth and profitability. The company's strong liquidity position and diversified operational focus provide a solid foundation for sustainable expansion.

Cipher Mining reports growth and resilience amidst industry challenges

Cipher Mining's Q2 update showcased growth plans, operational resilience, and strategic positioning in the cryptocurrency mining landscape.
Despite industry challenges, the company's financial strength, expansion initiatives, and focus on efficiency bode well for future success.
With a solid balance sheet, commitment to growth, and entry into new markets, Cipher is poised for continued expansion and market leadership.

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Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business. The company was founded in 2021 and is headquartered in New York, NY.

Cipher Mining's (CIFR) second-quarter 2024 revenues are likely to have increased year over year.

Cipher Mining (CIFR) to Report Q2 Earnings: What's in Store?

The latest trading day saw Cipher Mining Inc. (CIFR) settling at $3.97, representing a -1.98% change from its previous close.

Cipher Mining Inc. (CIFR) Stock Slides as Market Rises: Facts to Know Before You Trade

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NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for July 2024.

Cipher Mining Announces July 2024 Operational Update

NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc.  (NASDAQ: CIFR) (“Cipher” or the “Company”), a U.S.-based Bitcoin mining company, today announced it will provide a business update and release its second quarter 2024 financial results before U.S. markets open on Tuesday, August 13, 2024. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time.

Cipher Mining Announces Date of Second Quarter 2024 Business Update Conference Call

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Cipher, a prominent Bitcoin mining company that went public in 2021, is considering a potential sale after receiving a takeover bid. With a market capitalization exceeding $2 billion, Cipher is reportedly in discussions with advisors to evaluate this interest, though a final decision on whether to proceed with the sale has yet to be made.

Bitcoin mining company Cipher considering sale after takeover bid

Here is how Cipher Mining Inc. (CIFR) and Enviri (NVRI) have performed compared to their sector so far this year.

Is Cipher Mining (CIFR) Outperforming Other Business Services Stocks This Year?

Cipher Mining (CIFR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Cipher Mining (CIFR): Can Its 27.8% Jump Turn into More Strength?

In the most recent trading session, Cipher Mining Inc. (CIFR) closed at $4.36, indicating a -1.58% shift from the previous trading day.

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NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for June 2024.

Cipher Mining Announces June 2024 Operational Update

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SINGAPORE , June 6, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has signed a large purchase agreement (the "Agreement") with one of the Company's long-term partners, Cipher Mining Technologies Inc. (NASDAQ: CIFR) ("Cipher"). According to the Agreement, Cipher Mining has acquired 6,600 units of Canaan's latest product, the Avalon Miner A1566, which features advanced computing power and power efficiency.

Canaan Inc. Secures Large Avalon Miner A1566 Purchase Order From Cipher Mining Technologies Inc.

New 2024 year-end self-mining hash rate target of ~13.5 EH/s with fleet efficiency of ~18.6 J/TH New 2025 year-end self-mining hash rate target of ~35 EH/s with fleet efficiency of ~15 J/TH Upgraded rigs to S21 Pro and accelerated delivery to 4Q 2024 on existing Bitmain contract Executed additional purchase of ~1.25 EH/s of latest generation Canaan A1566 miners with option to purchase an additional 160 MW of future generation miners in 2025 NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced significant upgrades to its mining fleet for both 2024 and 2025. The Company has amended its existing December 2023 Bitmain contract to accelerate delivery and now expects rigs to arrive in 4Q24 instead of 2Q25.

Cipher Mining Announces Significant Upgrades to its Mining Fleet and Increases Target Hash Rate and Fleet Efficiency for 2024 and 2025

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Analysts Think Cipher Mining (CIFR) Is a Good Investment: Is It?

Does Cipher Mining Inc. (CIFR) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Cipher Mining Inc. (CIFR) a Strong Momentum Stock: Buy Now?

AMSTERDAM , May 16, 2024 /PRNewswire/ -- Bitfury Group ("Bitfury" or the "Company"), a leading full-service blockchain technology company, today announced that it has allocated the remaining part of approximately 18.5 million shares held by Bitfury in Cipher Mining, Inc. (NASDAQ:CIFR) ("Cipher") in accordance with plans that were previously outlined into a share reserve for the benefit of both current and former Bitfury employees, consultants, and advisors (or "Bitfury Beneficiaries") who participate in long term incentive plans maintained by Bitfury. Subject to the ongoing discretion of Bitfury's management, Bitfury expects to sell from time to time approximately 9.2 million shares of Cipher's common stock allocated to the share reserve on the open market and plans to proportionally remit cash proceeds from such sales, if any, to certain of the Bitfury Beneficiaries on a periodic basis.

Bitfury Group Commences Next Step of Non-Dilutive Distribution of Cipher Mining Inc. Shares

NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a U.S.-based Bitcoin mining company, today announced it will participate in the 19th Annual Needham Technology, Media, & Consumer Conference on Tuesday, May 14th, 2024.

Cipher Mining to Participate in the 19th Annual Needham Technology, Media, & Consumer Conference

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Cipher Mining (CIFR) Is Considered a Good Investment by Brokers: Is That True?

Cipher Mining Inc. (NASDAQ:CIFR ) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Josh Kane - Head of Investor Relations Tyler Page - Chief Executive Officer Ed Farrell - Chief Financial Officer Conference Call Participants Josh Siegler - Cantor Mike Colonnese - H.C. Wainwright John Todaro - Needham & Company Greg Lewis - BTIG Joseph Vafi - Canaccord Genuity Reggie Smith - JPMorgan Bill Papanastasiou - Stifel Operator Good day and thank you for standing by.

Cipher Mining Inc. (CIFR) Q1 2024 Earnings Call Transcript

First Quarter 2024 GAAP Net Income of $40m, and Non-GAAP Adjusted Earnings of $63m First Quarter 2024 Revenues of $48m Current Self-Mining Hash Rate of ~7.7 EH/s and on track to reach ~9.3 EH/s by end of Third Quarter 2024, with plans to grow to ~25.1 EH/s by end of 2025 NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced results for its first quarter ended March 31, 2024, with an update on its operations and deployment strategy. “We are delighted to announce results for the first quarter of 2024 in which we delivered another quarter of record net income on both a GAAP and Non-GAAP basis,” said Tyler Page, CEO of Cipher.

Cipher Mining Provides First Quarter 2024 Business Update

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Cipher Mining (CIFR) is expected to have seen a strong top line in first-quarter 2024, while the bottom line is likely to have decreased.

News for Cipher Mining Stock (CIFR)