Cipher Mining Inc. Stock Price, News & Analysis

Cipher Mining (NASDAQ: CIFR) announced it will release its third quarter 2025 financial results and provide a business update before U.S. markets open on Monday, November 3, 2025.

The company will host a conference call and webcast on November 3, 2025 at 8:00 a.m. Eastern Time. Live and replay webcasts will be available from Cipher's investor relations site at https://investors.ciphermining.com. Telephone access requires registration to receive dial-in numbers and a unique PIN.

Cipher Mining (NASDAQ:CIFR) released an unaudited September 2025 operational update reporting production, fleet, and efficiency metrics.

Key September metrics: BTC mined ~251, BTC sold 158, BTC held ~1,500, deployed rigs 114,000, month-end operating hashrate 23.6 EH/s, and fleet efficiency 16.8 J/TH. Black Pearl Phase I reached full completion and delivers ~10.1 EH/s of self-mining hashrate. Construction is ongoing at Barber Lake. The release notes ~19 BTC from JV data centers and ~7 BTC equivalent from estimated power sales (using month-end BTC price $114,212).

Cipher Mining (NASDAQ: CIFR) announced a CFO transition: Ed Farrell will retire on October 14, 2025 and immediately become Senior Advisor, and Gregory Mumford will be appointed incoming CFO.

Farrell was the company’s first CFO and led the finance organization through Cipher’s 2021 IPO and its first five years as a public company. Mumford joins from Keefe, Bruyette & Woods with more than a decade of experience in digital asset and infrastructure finance and will lead the finance team and report to CEO Tyler Page.

Cipher Mining (NASDAQ:CIFR) has announced the pricing of an upsized $1.1 billion private offering of 0.00% convertible senior notes due 2031. The offering, increased from the initially announced $800 million, will settle on September 30, 2025.

The notes will be convertible into cash, common stock, or a combination thereof, with an initial conversion rate of 62.3733 shares per $1,000 principal amount, representing a conversion price of $16.03 per share - a 37.5% premium over the current stock price. The company entered into capped call transactions to reduce potential dilution, with a cap price of $23.32 per share.

Cipher expects to receive net proceeds of approximately $1.08 billion, which will be used to fund $70 million for capped call transactions, finance the Barber Lake facility construction, accelerate its HPC strategy across its 2.4 GW pipeline, and expand development sites.

Cipher Mining (NASDAQ:CIFR) announced plans to offer $800 million in 0.00% convertible senior notes due 2031 through a private placement to qualified institutional buyers. The company will also grant initial purchasers a 13-day option for an additional $120 million in notes.

The notes will be convertible into cash, common stock, or a combination thereof, subject to certain conditions. Cipher plans to enter into capped call transactions to reduce potential dilution. The proceeds will fund the capped call transactions, data center construction at Barber Lake, accelerate high-performance computing strategy across its 2.4 GW pipeline, and expand development sites.

Cipher Mining (NASDAQ:CIFR) has secured a major 10-year high-performance computing (HPC) colocation agreement with Fluidstack, valued at approximately $3 billion in contracted revenue. The agreement involves delivering 168 MW of critical IT load at Cipher's Barber Lake site in Texas, with potential extension options that could increase the total contract value to $7 billion.

Google will backstop $1.4 billion of Fluidstack's lease obligations and receive warrants for approximately 5.4% equity stake in Cipher. The project's estimated costs are $9-$11 million per MW of critical IT load, with expected site Net Operating Income margins of 80%-85%. Cipher maintains a separate 2.4 GW pipeline for HPC development beyond this agreement.

Cipher Mining (NASDAQ:CIFR) has released its operational update for August 2025, highlighting strong mining performance. The company mined 241 Bitcoin during the month, sold 42 BTC, and maintained a balance of 1,414 BTC.

The company's Black Pearl Phase I facility contributed significantly, accounting for 39% of total Bitcoin mined. With 115,000 deployed mining rigs and a month-end operating hashrate of 23.0 EH/s, Cipher Mining expects Black Pearl Phase I to reach ~10 EH/s by Q3 end, boosting total self-mining hashrate to ~23.5 EH/s.

Cipher Mining (NASDAQ:CIFR) reported its Q2 2025 financial results, highlighting revenue of $44 million and non-GAAP Adjusted Earnings of $30 million, despite a net loss of $46 million ($0.12 per share). The company has successfully energized Black Pearl Phase I, achieving self-mining capacity of ~16.8 EH/s with projections to reach ~23.5 EH/s by Q3 2025.

Key developments include a $172.5 million convertible note offering and strategic plans for Black Pearl Phase II, designed to support both hydro-bitcoin mining and HPC compute applications. The company maintains a substantial pipeline of 2.6 GW site capacity and has executed fully funded orders for latest-generation miners with deliveries expected by Q3 end.

Cipher Mining (NASDAQ:CIFR) released its July 2025 operational update, highlighting significant mining achievements. The company mined 214 Bitcoin during the month, with Black Pearl Phase I contributing 24% of total production. The company's month-end statistics show 115,000 deployed mining rigs with a hashrate of 20.4 EH/s and fleet efficiency of 19.2 J/TH.

As part of treasury management, Cipher sold 52 BTC and maintained a balance of 1,219 BTC. The company's Black Pearl Phase I, representing 150 MW of a 300 MW site, is now energized and operational.