NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced it will provide a business update and release its first quarter 2025 financial results before U.S. markets open on Tuesday, May 6, 2025. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time. The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher’s website at https://investors.ciphermining.co ...

The latest trading session saw Cipher Mining Inc. (CIFR) ending at $3.06, denoting a -0.65% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.06%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq lost 0.1%.The the stock of company has risen by 32.76% in the past month, leading the Business Services sector's loss of 4.91% and the S&P 500's loss of 4.29%.Investors will be eagerly watching for the performance of Cipher Mining Inc. in its upcoming earnings disclo ...

Company Performance - Cipher Mining Inc. (CIFR) closed at $2.44, reflecting a +0.83% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.79% [1] - Over the past month, shares of Cipher Mining Inc. have decreased by 20.4%, which is significantly worse than the Business Services sector's loss of 2.73% and the S&P 500's loss of 3.56% [1] Earnings Projections - The upcoming earnings per share (EPS) for Cipher Mining Inc. is projected at -$0.11, indicating a 184.62% decline compared to the same quarter last year [2] - The consensus estimate for quarterly revenue is $49.65 million, representing a 3.13% increase from the previous year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict an EPS of -$0.38 and revenue of $276.02 million, reflecting changes of -171.43% and +82.47% respectively compared to the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for Cipher Mining Inc. are crucial as they indicate changing near-term business trends, with positive revisions suggesting analyst optimism about the company's profitability [4] - The Zacks Rank system, which incorporates these estimate changes, provides a rating system that can help investors make informed decisions [5] Zacks Rank and Industry Performance - Cipher Mining Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate having decreased by 127.27% over the past month [6] - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 65, placing it in the top 27% of all industries, indicating strong performance potential [7]

NEW YORK, April 04, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for March 2025. Key Highlights Key MetricsMarch 2025BTC Mined1210BTC Sold206BTC Held21,034Deployed Mining Rigs75,000Month End Operating Hashrate (EH/s)<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: sol ...

Core Viewpoint - Cipher Mining Inc. has experienced a significant decline in stock price, reaching a 52-week low of $2.55, with a year-over-year drop of 51.50% and a year-to-date decline of 46.48% [1][2] Group 1: Stock Performance - The stock has plunged nearly 35% in the past month, indicating a strong bearish trend [1] - Cipher Mining is trading below all major moving averages, reinforcing the downward momentum [1] - The Moving Average Convergence Divergence (MACD) indicator is at a negative 0.53, confirming the bearish trend [1] Group 2: Technical Indicators - The Relative Strength Index (RSI) is at 31.94, suggesting that the stock is approaching oversold territory, but this alone does not indicate a rebound [1] - Key moving averages are all bearish: the eight-day at $2.99, the 20-day at $3.35, the 50-day at $4.59, and the 200-day at $4.83 [3] Group 3: Investor Implications - The stock has broken through key support levels, indicating a high risk of further downside [2] - A short-term bounce is possible due to the nearly oversold RSI, but a meaningful recovery would require reclaiming the 20-day moving average of $3.40 [2] - Investors may want to wait for signs of stabilization before considering an entry point [2]

Company Performance - Cipher Mining Inc. closed at $3, reflecting a -1.96% change from the previous day, underperforming the S&P 500's loss of 0.22% [1] - Over the past month, shares of Cipher Mining have decreased by 49.17%, significantly lagging behind the Business Services sector's loss of 10.46% and the S&P 500's loss of 7.48% [1] Financial Forecast - The upcoming financial results for Cipher Mining are expected to show an EPS of -$0.11, indicating a 184.62% decline compared to the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $49.65 million, which is a 3.13% increase from the previous year [2] - For the entire fiscal year, earnings are forecasted at -$0.38 per share, representing a -171.43% change, while revenue is expected to be $276.02 million, reflecting an 82.47% increase from the prior year [3] Analyst Projections - Recent shifts in analyst projections for Cipher Mining should be monitored, as they often indicate changes in short-term business trends [4] - Upward revisions in estimates suggest analysts' positive outlook on the company's operations and profit generation capabilities [4] Zacks Rank and Industry Position - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently places Cipher Mining at a 3 (Hold) rating, with a significant downward shift of 92.31% in the EPS estimate over the past month [6] - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [7]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Cipher Mining Inc. (CIFR), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][4]. Group 1: Brokerage Recommendations - Cipher Mining has an average brokerage recommendation (ABR) of 1.20, indicating a consensus between Strong Buy and Buy, with 80% of recommendations being Strong Buy and 20% being Buy [2]. - The article highlights that brokerage recommendations may not always be reliable due to potential biases stemming from the vested interests of brokerage firms [5][9]. Group 2: Zacks Rank vs. ABR - The Zacks Rank is presented as a more effective tool for predicting stock price movements, based on earnings estimate revisions, and is categorized from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) [7][10]. - The Zacks Rank is updated more frequently than the ABR, making it a timely indicator of future price movements [11]. Group 3: Earnings Estimates for Cipher Mining - The Zacks Consensus Estimate for Cipher Mining has increased by 17.5% over the past month to -$0.17, reflecting analysts' growing optimism about the company's earnings prospects [12]. - The recent change in consensus estimates, along with other factors, has resulted in a Zacks Rank 1 (Strong Buy) for Cipher Mining, suggesting a positive outlook for the stock [13].

NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for February 2025. Key Highlights Key MetricsFebruary 2025BTC Mined1180BTC Sold235BTC Held21,032Deployed Mining Rigs75,000<td style=" ...

Cryptocurrencies that are created and stored electronically on blockchain technology offer a decentralized payment system. The world’s most popular cryptocurrency, Bitcoin, and other cryptocurrencies like Ether are powered by the blockchain technology, which comprises complex cryptography and software that creates an immutable and decentralized database. The system offers enhanced security for users, as it maintains a tamper-resistant record of transactions and keeps track of the owner.Blockchain’s safety a ...

Core Insights - Cipher Mining Inc. is actively participating in several industry conferences to discuss its growth strategy and opportunities in bitcoin mining and high-performance computing (HPC) [1][2][3] Event Details - Cipher will be featured at the following conferences: - Morgan Stanley Energy & Power Conference on March 4, 2025 - Morgan Stanley Technology, Media & Telecom Conference on March 6, 2025 - 2025 Cantor Fitzgerald Global Technology Conference on March 12, 2025 [2] Company Overview - Cipher focuses on the development and operation of industrial-scale data centers specifically for bitcoin mining and HPC hosting, aiming to lead in innovation within these sectors [3] Investor Relations - Cipher maintains a dedicated investor website where financial and important information is routinely posted, and investors can sign up for email alerts [4]