Cipher Mining (CIFR)

Technology · Information Technology Services
$14.78 -4.65% on the day Market cap $5.9B 52-week range $11.72 to $30.14 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Cipher Mining's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

F

Five factors scored 1 to 9 from CIFR's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation2
Profitability0
Growth0
Financial health4
Cash efficiency0

Key numbers

P/E (trailing)—
P/E (forward)59.5x
Price / free cash flow—
EV / EBITDA54.2x
Price / sales31.1x
Price / book7.77x
Revenue growth-43.0%
Operating margin-278.1%
Net margin-585.8%
Return on equity-199.2%
Dividend yield—
Debt / equity12.3x

Results from SEC filings

Fiscal years, from Cipher Mining's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20202022202320242025
Revenue—$3M$127M$151M$224M
Net income-$107,031-$39M-$26M-$45M-$822M
Free cash flow—-$61M-$115M-$228M-$697M
EPS (diluted)—-$0.16-$0.10-$0.14-$2.15
Operating margin—-1232.2%-15.9%-28.9%-188.2%

Superinvestors who own CIFR

From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Hersh Cohen
ClearBridge Investments
New position $37M0.03%Q2 2026
Chase Coleman
Tiger Global Management
New position $23M0.10%Q2 2026
Cliff Asness
AQR Capital Management
Added $11M0.00%Q2 2026
Jay Petschek
Corsair Capital Management
Trimmed $1M0.17%Q2 2026

Insider buying

Open-market purchases by Cipher Mining's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of CIFR in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Cipher Mining insiders buying the stock?

No open-market insider purchases of CIFR in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Cipher Mining?

4 of the superinvestors Investingly tracks hold CIFR in their latest 13F, including Hersh Cohen, Chase Coleman, Cliff Asness.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.