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Company price
6.538 USD -1.58 ( 19.48%)
Last update at 2026-11-04T21:05:00Z
VOLUME
102658349
Market Cap
6262.81M

Momentum Score

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Cipher Digital Inc., together with its subsidiaries, develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States. It develops HPC data center facilities across various sites for hyperscaler tenants; operates power at one bitcoin mining data center; and maintains a pipeline across various sites. The company was formerly known as Cipher Mining Inc. and change its name to Cipher Digital Inc. in February 2026. The company was founded in 2021 and is headquartered in New York, New York.

Source: TradingView
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Day Price Range
6.18
Low
7.34
High
52 Week Price Range
11.01
Low
30.14
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Cipher Mining Inc is a publicly listed bitcoin-mining company that develops and operates large-scale data centers running cryptocurrency mining hardware to produce bitcoin. Its long-term growth drivers include scaling hash rate through facility development and equipment refreshes, securing low-cost power arrangements, and providing leveraged exposure to bitcoin price movements, which may appeal to investors seeking infrastructure-based access to cryptocurrency upside and potential operational efficiencies.
The most important investment risks are material exposure to bitcoin price volatility, regulatory and environmental scrutiny of mining activities, reliance on stable, low-cost electricity and ongoing capital expenditure to maintain competitiveness, and operational concentration that could disrupt production.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
8.12
Dividend Yield
-
Revenue TTM
191.09M
Revenue Per Share
0.48
Gross Profit TTM
-19.18M
Debt / Equity
3.44
ROE
-167.49%
Net Debt
2138.78M
ROCE
-4.78%
Diluted EPS TTM
-2.76

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -823.20M -44.32M -22.21M -37.21M -78.71M
Minority interest 0.00M 0.00M 0.00M - -
Net income -822.24M -44.63M -25.78M -39.05M -78.71M
Selling general administrative 36.38M 32.66M 85.19M 70.84M 72.15M
Selling and marketing expenses - - 2.00M - 72074.80M
Gross profit -135.38M 28.11M 76.53M 2.29M -
Reconciled depreciation 200.62M 103.70M 59.91M 5.15M -
Ebit -171.76M -42.61M -20.21M -74.39M -78.71M
Ebitda 28.86M 61.09M 39.70M -70.01M -78.71M
Depreciation and amortization 200.62M 103.70M 59.91M 4.38M 0.01M
Non operating income net other - - - 0.21M -
Operating income -171.76M -43.70M -20.11M -74.39M -78.71M
Other operating expenses 395.70M 194.97M 146.96M 75.50M 72.15M
Interest expense 36.56M 1.71M 2.00M 0.14M -0.03M
Tax provision -3.31M 0.32M 3.57M 1.84M -
Interest income 19.48M 3.38M 0.16M 0.21M -
Net interest income -17.08M 1.68M -1.83M 0.08M -
Income tax expense -3.31M 0.32M 3.57M 1.84M -0.03M
Total revenue 223.94M 151.27M 126.84M 3.04M -
Total operating expenses 36.38M 71.81M 96.65M 74.76M 72.15M
Cost of revenue 359.32M 123.16M 50.31M 0.75M -
Total other income expense net -653.80M -0.62M -2.10M 37.17M -0.00M
Net income from continuing ops -822.24M -44.63M -25.78M -39.05M -
Net income applicable to common shares - - - -39.05M -78.71M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 4291.91M 855.45M 597.50M 418.46M 354.17M
Intangible assets 77.39M 8.88M 8.11M - -
Other current assets 1898.24M 35.03M 35.55M 13.54M 13.82M
Total liab 3456.05M 173.49M 106.17M 75.57M 0.64M
Total stockholder equity 805.53M 681.95M 491.34M 342.89M 353.53M
Deferred long term liab - - - 1.84M 0.17M
Other current liab 579.96M 55.25M 24.24M 22.44M 0.26M
Common stock 0.41M 0.36M 0.30M 0.25M 0.25M
Capital stock 0.41M 0.36M 0.30M 0.25M 0.25M
Retained earnings -1003.66M -181.41M -136.78M -111.21M -72.16M
Other liab - - - 18.52M 0.14M
Other assets 363.05M - 0.00M 136.38M 125.38M
Cash 628.26M 5.58M 86.11M 11.93M 209.84M
Total current liabilities 699.07M 131.78M 33.79M 40.33M 0.50M
Current deferred revenue 35.29M - - - -
Net debt 2138.78M 50.80M -64.13M 8.39M -209.84M
Short term debt 43.76M 39.23M 4.57M 3.60M -
Short long term debt 37.79M 32.30M - - -
Short long term debt total 2767.05M 56.39M 21.98M 20.32M -
Other stockholder equity 1808.78M 863.00M 627.82M 453.85M 425.44M
Property plant equipment - - - 191.78M 5.12M
Total current assets 2652.86M 168.21M 155.50M 47.73M 223.66M
Long term investments 29.40M 53.91M 35.26M 83.11M 0.00M
Net tangible assets - - - 342.89M 171.35M
Short term investments - - 32.98M - -
Net receivables 0.96M 34.93M 0.87M 1.20M 0.00M
Long term debt 2711.65M - - - 0.12M
Inventory 125.40M 92.65M 0.00M 21.07M -
Accounts payable 40.06M 22.70M 4.98M 14.29M 0.24M
Accumulated other comprehensive income - - 0.00M - -
Common stock total equity - - - 0.25M 0.00M
Retained earnings total equity - - - -111.21M -0.11M
Treasury stock - - - -0.00M -0.00M
Non currrent assets other 248.96M 92.15M 54.67M 63.36M 10.53M
Non current assets total 1276.00M 687.24M 442.00M 370.73M 130.51M
Capital lease obligations 17.61M 24.09M 21.98M 20.66M 0.00M
Long term debt total - - - - 0.12M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 179.75M -192.13M 52.76M 54.01M -0.19M
Change to liabilities - - - 3.17M 0.24M
Total cashflows from investing activities -336.61M -192.13M 52.76M -173.91M -131.06M
Net borrowings 3115.99M 19.46M -12.88M - -
Total cash from financing activities 3189.20M 213.51M 115.66M -3.09M 361647.18M
Change to operating activities - - - 5.30M -25.62M
Net income -822.24M -44.63M -25.78M -39.05M -72.15M
Change in cash 2644.65M -66.13M 74.18M -197.91M 209841.26M
Begin period cash flow 19.98M 86.11M 11.93M 209.84M -
End period cash flow 2664.63M 19.98M 86.11M 11.93M 209841.26M
Total cash from operating activities -207.94M -87.51M -94.24M -20.91M -31665.93M
Issuance of capital stock 245.47M 225.18M 135.85M - -
Depreciation 200.62M 103.70M 59.91M 5.15M 4.87M
Other cashflows from investing activities 151.31M 110.32M -0.50M -188.10M -0.19M
Dividends paid - - 3.40M - -
Change to account receivables - -1.82M -1.73M -1.20M -0.10M
Sale purchase of stock -89.58M -27.64M -3.90M -3.09M -23245.91M
Other cashflows from financing activities - -3.49M -3.40M -173.91M 384893.09M
Change to netincome - - - 80.19M 69.54M
Capital expenditures 487.92M 139.50M 55.02M 227.92M 5109.43M
Change receivables - - - -1.20M -
Cash flows other operating - - - -68.40M -
Cash and cash equivalents changes - - - -197.91M -
Change in working capital -68.05M 18.34M -10.73M 0.82M -95364.12M
Stock based compensation 52.79M 42.13M 38.47M 41.50M 63765.47M
Other non cash items 433.21M -206.11M -159.48M -31.18M -95364.12M
Free cash flow -695.86M -227.01M -149.26M -248.83M -36775.36M

Peer Comparison*

Sector: Technology Industry: Information Technology Services

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CIFR
Cipher Mining Inc
-1.58
19.48%
6.54 - 85.47 32.77 11.54 58.84 8.93
IBM
International Business Machines
4.28
1.71%
254.32 22.06 18.73 3.39 6.81 4.22 16.61
ACN
Accenture plc
-
-%
264.27 16.00 14.29 1.66 3.84 1.65 9.80
INFY
Infosys Ltd ADR
0.31
2.60%
12.24 25.55 22.78 4.20 8.01 4.10 15.87
FJTSF
Fujitsu Limited
-
-%
22.21 21.97 14.84 0.01 3.44 1.86 11.66

Profile*

Cipher Mining Inc

Cipher Digital Inc., together with its subsidiaries, develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States. It develops HPC data center facilities across various sites for hyperscaler tenants; operates power at one bitcoin mining data center; and maintains a pipeline across various sites. The company was formerly known as Cipher Mining Inc. and change its name to Cipher Digital Inc. in February 2026. The company was founded in 2021 and is headquartered in New York, New York.

1 Vanderbilt Avenue, New York, NY, United States, 10017

332 262 2300

66

Name Title Year Born
Mr. Rodney Tyler Page CEO & Director 1977
Mr. Edward John Farrell CPA Chief Financial Officer 1961
Mr. Patrick Arthur Kelly Chief Operating Officer 1980
Mr. William Iwaschuk Chief Legal Officer 1976
Mr. Bryan Keller Chief Technology Officer NA
Mr. Samy Biyadi Head of Power NA
Ms. Courtney Frazier Head of Corp. Operations NA
Chris Totin Chief Construction Officer NA
Mr. Reuben Govender Head of Markets NA
Ms. Olivia Stennett Head of Project Management NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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