NASDAQ: CIFR

Cipher Mining (CIFR) Stock Analysis & Forecast

Sep 28 close

$16.74−0.99 (−5.6%)

Gekko Brief

AI summary

Cipher Mining fell 5.6% this week, extending a decline that has left the stock trading well off its highs despite a string of positive contract news. The company, also referenced as Cipher Digital, extended its Barber Lake data center lease in Texas to 20 years, adding roughly $5.2 billion in contracted revenue and lifting total contracted revenue past $9 billion. Coverage also pointed to a broader AI infrastructure trade lifting peers TeraWulf and Applied Digital alongside CIFR, and one piece cited a $11.4 billion total contracted revenue pipeline anchored by a Google-backed Fluidstack lease, alongside a Speculative Buy rating with a $30 to $32 target.

CIFR closed at $16.74, below both its 50-day average of $18.19 and its 200-day average of $18.35, with the 50-day also under the 200-day, reflecting a headwind trend. The GekkoIndex reads 60.4, placing the stock in the Accumulation zone. Price sits 27.3% below Gekko Fair Value of $23.03.

Over the next 20 trading days, the next earnings report is due 2 November, 34 days out, before the open, following an August quarter that missed on EPS and triggered a 22.6% reaction. In the last 30 days there were 4 unusual options signals, with put premium of $8,396,554 exceeding call premium of $5,244,155. Consensus among 14 firms stands at 12 buy and 2 hold ratings, with a consensus target of $30.74. Seasonally, the next 20 trading days have averaged +19.7% over 5 years, rising in 3 of them.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Cipher Mining price vs fair value

$23.03$16.74Sep ’25Mar ’26Sep ’26
Close $16.74200-day averageGekko Fair Value $23.03

Cipher Mining quick facts

Market cap
$6.85B
P/E ratio
—
Forward P/E
85.5
EPS, TTM
−$2.82
Revenue, TTM
$191.1M
Profit margin
0%
Dividend yield
—
Beta
3.17
Volume
22.24M avg 33.56M
1-year return
+43.6%
Typical daily move
±8.7%
Typical 20-day move
±21.3%
50-day average
$18.19
200-day average
$18.35
Next earnings
Nov 2 before open
Shares outstanding
415.0M
52-week range
$11.01$30.14

Cipher Mining swing-trade checklist

Cipher Mining scores 4 supportive, 0 mixed and 2 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive0 mixed2 headwinds

  • Trendheadwind

    Below 50 and 200-day

    Close $16.74 is below the 50-day ($18.19) and 200-day ($18.35) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    60.4, Accumulation

    Reading 60.4 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    27.3% below

    Price is 27.3% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyheadwind

    Leans bearish

    Last 30 days: 4 unusual options signals.

    See smart money
  • Earnings risksupportive

    Reports in 34 days

    Next report Nov 2, 2026, 34 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +19.7% on average

    From this point in the calendar, the next 20 trading days averaged +19.7% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Cipher Mining stock chart and price history

Cipher Mining closed at $16.74 on Sep 28, 2026, +43.6% over the past year, inside a 52-week range of $11.01 to $30.14.

Close50-day average200-day averageVolume
Cipher Mining share price, past year, with 50-day and 200-day moving averages and volume$5$10$15$20$25$30NovDecJan 2026FebMarAprMayJunJulAugSep16.74

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−0.2%
3 months
−32.6%
6 months
+21.7%
1 year
+43.6%
The full CIFR chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open CIFR in Gekko

Follow Cipher Mining through every session

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About Cipher Mining

Cipher Mining focuses on building and growing operations that mine Bitcoin, placing it squarely in the digital currency production space. Its work centers on expanding infrastructure dedicated to generating this particular cryptocurrency, making Bitcoin mining the core of what the company is known for.

The company operates as a technology enterprise structured around scaling its mining capacity, with its business built specifically around Bitcoin production rather than a broader range of digital assets or services.

Cipher Mining was founded in 2021 and is headquartered in New York, New York. Its shares are listed on the NASDAQ under the ticker CIFR.

Listed
NASDAQ
Sector
Technology services
Industry
Data processing services
Website
cipherdigital.com

Cipher Mining GekkoIndex: the smart money zone

Cipher Mining’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 60.4, in the Accumulation zone, up 5.4 points over five sessions.

010060.4Accumulation

Up 5.4 points over five sessions, from the Neutral zone.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying29Not available
Accumulation (current zone)200+4.7%+6.3%+6.9%+33.0%
Neutral380+2.2%+5.2%+10.0%+22.4%
Distribution61−1.9%+1.2%+13.8%+28.9%
Selling2Too few readings yet

Average CIFR share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the CIFR price, zone by zone.Track CIFR in Gekko

Is Cipher Mining stock overvalued? Gekko Fair Value

Cipher Mining trades 27.3% below Gekko Fair Value of $23.03, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Cipher Mining shares are worth, recalculated every trading day.

$23.03

Gekko Fair Value, Sep 26, 2026

27.3% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open CIFR in Gekko

Cipher Mining insider and Congress trading

No open-market insider purchases were filed for Cipher Mining, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for CIFR in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every CIFR insider filing, plotted on the chart in Gekko.Open CIFR in Gekko

Congress trades last 90 days

No trades in CIFR were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for CIFR, plotted on the chart in Gekko.Open CIFR in Gekko

Buybacks

Cipher Mining has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$3.78M
As a share of market cap
0.06%
Trailing four quarters
$92.83M

From company filings.

Unusual options activity last 30 days

4signals, 38% of the flagged premium in calls.

Latest: Bearish flow on Sep 22, $4.17M in unusual premium.

Hedge funds and billionaires quarter ended Jun 30

4of the funds Gekko tracks hold CIFR.

0added4opened0trimmed0sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Cipher Mining earnings: next date and track record

Cipher Mining reports on Nov 2, 2026, before the open (34 days away), and beat the EPS estimate in 2 of its last 8 reports.

2 of 8reports beat the EPS estimate
±12.7%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

−0.6%Oct ’24−15.9%Feb ’25+1.3%May ’25−8.8%Aug ’25+20.7%Nov ’25+9.1%Feb ’26+22.5%May ’26−22.6%Aug ’26

Last earnings call, Aug 4, 2026 AI summary

What they said
Cipher Digital reported strong Q2 2026 execution with 3 data center campuses leased to hyperscalers, representing contracted revenue over 10+ years. Portfolio totals approximately 5.3 gigawatts across 11 sites, with a pipeline of ~4.4 gigawatts of future development. Three executed leases are expected to generate ~$793 million average annualized net operating income from October 2026 through September 2036. Texas-focused strategy validated with new 900 MW Apollo site and 200 MW Stingray expansion added.
Guidance
First rental payments at Barber Lake and Black Pearl beginning in H2 2026, with Black Pearl payments arriving ahead of schedule. Contracted NOI of ~$793M average annualized expected through 2036. Pipeline of 4.4 gigawatts provides multi-year growth visibility beyond existing contracts.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 4, 2026−$0.65
est −$0.21
−209.5%$24.84M
est $31.86M
−22.0%−22.6%
May 5, 2026−$0.28
est −$0.27
−3.7%$34.84M
est $36.12M
−3.5%+22.5%
Feb 24, 2026−$1.92
est −$0.12
−1,500.0%$60.00M
est $86.05M
−30.3%+9.1%
Nov 3, 2025−$0.01
est −$0.08
+87.5%$71.71M
est $87.17M
−17.7%+20.7%
Aug 7, 2025−$0.12
est −$0.12
0.0%$43.57M
est $78.90M
−44.8%−8.8%
May 6, 2025−$0.11
est −$0.11
0.0%$48.96M
est $52.58M
−6.9%+1.3%
Feb 25, 2025$0.06
est −$0.10
+160.0%$42.22M
est $58.78M
−28.2%−15.9%
Oct 31, 2024−$0.26
est −$0.08
−225.0%$24.10M
est $39.95M
−39.7%−0.6%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Cipher Mining stock forecast and analyst price targets

Analysts’ average 12-month price target for Cipher Mining is $30.74, +83.6% from the last close, from 14 firms rating the stock in the last 90 days.

$30.74consensus 12-month target, +83.6% from the last close
Low $18High $54
Buy12
Hold2
Sell0

Each firm’s latest rating in the last 90 days: 14 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 25H.C. WainwrightBuy, reiterated$30+79.2%
Sep 25Clear StreetBuy, reiterated$32+91.2%
Sep 25Rosenblatt SecuritiesBuy, reiterated$30+79.2%
Sep 23UBSBuy, initiated$23+37.4%
Sep 21Rothschild & Co RedburnHold, initiated$18+7.5%
+6.9%average 20-day move after past Accumulation readings
+19.7%average move over the next 20 trading days in the last 5 years
±8.7%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Cipher Mining seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Cipher Mining averaged +19.7% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

−29.5%2021−9.8%2022+42.5%2023+46.3%2024+62.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+5.6%3 of 5
Next 10 trading days−0.4%3 of 5
Next 15 trading days+8.1%3 of 5
Next 20 trading days+19.7%3 of 5
Next 30 trading days+20.6%3 of 5

For scale, CIFR’s typical 20-trading-day move in either direction is about 21.3%.

Cipher Mining market cap and key statistics

Cipher Mining’s market cap is $6.85B and revenue of $191.1M over the last twelve months.

Valuation

Market cap
$6.85B
Forward P/E
85.5
EPS, TTM
−$2.82
Gekko Fair Value
$23.03

Trading

Volume
22.24M
Avg volume, 20 days
33.56M
52-week high
$30.14
52-week low
$11.01
Shares outstanding
415.0M

Financials

Revenue, TTM
$191.1M
Profit margin
0%
Return on equity
-167.5%
Quarterly earnings growth, YoY
+19.5%

Risk and income

Beta
3.17
Typical daily move
±8.7%
Typical 20-day move
±21.3%

Cipher Mining peers

Cipher Mining’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
PAYXPaychex−0.8%Buying24.5% below
VRSKVerisk Analytics−0.6%Accumulation27.1% below
JJacobs Solutions+0.7%Accumulation6.2% above
AKAMAkamai Technologies−3.4%Neutral15.4% below
IRENIREN−3.8%Neutral24.3% below
TYLTyler Technologies+1.0%Accumulation15.0% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Cipher Mining stock FAQ

What is Cipher Mining’s market cap?

Cipher Mining’s market cap is $6.85B at the Sep 28, 2026 close of $16.74, with 415.0M shares outstanding.

What is the Cipher Mining stock forecast?

The consensus analyst 12-month price target for Cipher Mining is $30.74, +83.6% from the last close. Of the 14 firms that rated the stock in the last 90 days, 12 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Cipher Mining stock overvalued or undervalued?

On Gekko’s estimate Cipher Mining is undervalued: the Sep 28, 2026 close of $16.74 is 27.3% below Gekko Fair Value of $23.03. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Cipher Mining report earnings next?

Cipher Mining is expected to report on Nov 2, 2026, before the market opens (34 days away). Analysts expect earnings of −$0.24 per share on revenue of $38.08M. Cipher Mining beat the earnings estimate in 2 of its last 8 reports, moving 12.7% on average across the report.

What is Cipher Mining’s 52-week high and low?

Cipher Mining’s 52-week high is $30.14 and its 52-week low is $11.01; it closed at $16.74 on Sep 28, 2026, +43.6% over the past year.

Is Cipher Mining stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 6 items with data read as supportive (gekkoindex, fair value, earnings risk and seasonality) and 2 as headwinds (trend and smart money). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Cipher Mining?

Gekko flagged 4 unusual options signals in Cipher Mining over the last 30 days, with $5.24M of flagged premium in calls and $8.40M in puts. The latest, bearish flow, was on Sep 22, 2026 with $4.17M in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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