CIFR Stock Summary and Trading Ideas (Cipher Mining | NASDAQ:CIFR)

Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.

Cipher Mining trades on the NASDAQ stock market under the symbol CIFR.

As of February 20, 2025, CIFR stock price climbed to $6.08 with 8,137,650 million shares trading.

CIFR has a beta of 3.40, meaning it tends to be more sensitive to market movements. CIFR has a correlation of 0.18 to the broad based SPY ETF.

CIFR has a market cap of $2.13 billion. This is considered a Mid Cap stock.

Last quarter Cipher Mining reported $24 million in Revenue and -$.01 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.07.

In the last 3 years, CIFR traded as high as $7.99 and as low as $.38.

The top ETF exchange traded funds that CIFR belongs to (by Net Assets): VTI, IWM, VGT, BLOK, WGMI.

CIFR has outperformed the market in the last year with a price return of +60.8% while the SPY ETF gained +23.6%. However, in the short term, CIFR had mixed performance relative to the market. It has underperformed in the last 3 months, returning -9.0% vs +3.7% return in SPY. But in the last 2 weeks, CIFR shares have fared better than the market returning +6.5% compared to SPY +1.0%.

CIFR support price is $5.58 and resistance is $6.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CIFR shares will trade within this expected range on the day.