Cipher Mining (CIFR)

Alborz LLC • Alborz Mining LLC • Bear LLC • Bear Mining 1 LLC • Bear Mining 2 LLC • Chief Mining LLC • Chief Mountain LLC • Cipher Black Pearl LLC • Cipher Mining (Canada) Inc. • Cipher Mining Infrastructure LLC ...

IRS number

851614529

CIFR stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$8.00

Low target

$7.00

High target

$9.00

Compass Point

Maintains

Buy

$9.00

15 Aug 24

Latest filings (excl ownership)

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8-K

Entry into a Material Definitive Agreement

3 Sep 24

424B5

Prospectus supplement for primary offering

3 Sep 24

S-3ASR

Automatic shelf registration

13 Aug 24

Cipher Mining Provides Second Quarter 2024 Business Update

13 Aug 24

8-K

Entry into a Material Definitive Agreement

12 Jul 24

8-K

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

7 May 24

Cipher Mining Provides First Quarter 2024 Business Update

7 May 24

8-K

Submission of Matters to a Vote of Security Holders

3 May 24

Transcripts

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CIFR

Earnings call transcript

2024 Q2

13 Aug 24

CIFR

Earnings call transcript

2024 Q1

7 May 24

CIFR

Earnings call transcript

2023 Q4

5 Mar 24

CIFR

Earnings call transcript

2023 Q3

8 Nov 23

CIFR

Earnings call transcript

2023 Q2

8 Aug 23

CIFR

Earnings call transcript

2023 Q1

9 May 23

CIFR

Earnings call transcript

2022 Q4

14 Mar 23

CIFR

Earnings call transcript

2022 Q3

14 Nov 22

CIFR

Earnings call transcript

2022 Q2

12 Aug 22

CIFR

Earnings call transcript

2021 Q4

4 Mar 22

Latest ownership filings

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Bitfury Top HoldCo B.V.

Financial summary

Financial statements Chart CIFR financial data

Quarter (USD)	Jun 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	122.56 mm	122.56 mm	122.56 mm	122.56 mm	122.56 mm	122.56 mm
Cash burn (monthly)	(no burn)	(no burn)	5.39 mm	(no burn)	8.45 mm	9.87 mm
Cash used (since last report)	n/a	n/a	14.18 mm	n/a	22.22 mm	25.96 mm
Cash remaining	n/a	n/a	108.38 mm	n/a	100.33 mm	96.60 mm
Runway (months of cash)	n/a	n/a	20.1	n/a	11.9	9.8

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

CIFR institutional ownership history Ownership history

63.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	152	37	+310.8%
Opened positions	120	17	+605.9%
Closed positions	5	53	-90.6%
Increased positions	16	9	+77.8%
Reduced positions	6	5	+20.0%

13F shares	Current	Prev Q	Change
Total value	360.48 bn	20.64 bn	+1646.5%
Total shares	210.08 mm	126.50 mm	+66.1%
Total puts	2.52 mm	1.73 mm	+45.8%
Total calls	4.66 mm	759.00 k	+514.2%
Total put/call ratio	0.5	2.3	-76.3%

Largest owners	Shares	Value	Change
Bitfury Top HoldCo B.V.	118.81 mm	$403.97 mm	0.0%
Vanguard	13.00 mm	$53.94 bn	NEW
BLK BlackRock	12.31 mm	$51.07 bn	NEW
IVZ Invesco	8.42 mm	$34.94 bn	NEW
STT State Street	5.90 mm	$24.48 bn	NEW
Millennium Management	5.33 mm	$22.12 bn	NEW
Geode Capital Management	4.00 mm	$16.60 bn	NEW
Nuveen Asset Management	3.78 mm	$15.70 bn	NEW
Two Sigma Investments	3.25 mm	$13.48 bn	NEW
Vident Advisory	2.94 mm	$12.19 bn	NEW

Largest transactions	Shares	Bought/sold	Change
Vanguard	13.00 mm	+13.00 mm	NEW
BLK BlackRock	12.31 mm	+12.31 mm	NEW
IVZ Invesco	8.42 mm	+8.42 mm	NEW
STT State Street	5.90 mm	+5.90 mm	NEW
Millennium Management	5.33 mm	+5.33 mm	NEW
Geode Capital Management	4.00 mm	+4.00 mm	NEW
Nuveen Asset Management	3.78 mm	+3.78 mm	NEW
Two Sigma Investments	3.25 mm	+3.25 mm	NEW
Vident Advisory	2.94 mm	+2.94 mm	NEW
FFIN First Financial Bankshares	2.40 mm	+2.40 mm	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CIFR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
13 Sep 24	Tyler Page	Common Stock	Payment of exercise	Dispose F	No	No	3.09	85,084	262.91 k	4,302,838
13 Sep 24	Tyler Page	Common Stock	Option exercise	Acquire M	No	No	0	166,667	0.00	4,387,922
13 Sep 24	Tyler Page	RSU Common Stock	Option exercise	Dispose M	No	No	0	166,667	0.00	6,245,147
13 Sep 24	Edward J Farrell	Common Stock	Payment of exercise	Dispose F	No	No	3.09	187,184	578.40 k	879,356
13 Sep 24	Edward J Farrell	Common Stock	Option exercise	Acquire M	No	No	0	366,667	0.00	1,066,540
13 Sep 24	Edward J Farrell	RSU Common Stock	Option exercise	Dispose M	No	No	0	366,667	0.00	2,031,354
13 Sep 24	William Iwaschuk	Common Stock	Payment of exercise	Dispose F	No	No	3.09	202,767	626.55 k	769,148
13 Sep 24	William Iwaschuk	Common Stock	Option exercise	Acquire M	No	No	0	366,667	0.00	971,915
13 Sep 24	William Iwaschuk	RSU Common Stock	Option exercise	Dispose M	No	No	0	366,667	0.00	2,344,833
13 Sep 24	Patrick Arthur Kelly	Common Stock	Payment of exercise	Dispose F	No	No	3.09	198,184	612.39 k	807,173