Cipher Mining Inc. Stock Price, News & Analysis

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.

Cipher Mining (NASDAQ: CIFR), a leading developer of industrial-scale data centers, has announced its participation in three upcoming investor and industry conferences in August and September 2025.

CEO Tyler Page will attend Canaccord Genuity's 45th Annual Growth Conference (August 12-13), Needham's 5th Annual Virtual Crypto Conference (September 4), and H.C. Wainwright's 27th Annual Global Investment Conference (September 8-9). Webcasts of the presentations, if available, will be accessible through the company's investor relations website and social media platforms.

Canaan (NASDAQ: CAN) has secured a significant purchase agreement with Cipher Mining to supply 6,840 Avalon A15Pro miners to Cipher's Black Pearl facility in Q3 2025. The miners, delivering 221 TH/s hash rate with 16.6 J/TH power efficiency, will be manufactured at Canaan's U.S. and Malaysian facilities.

This marks Canaan's first major domestic manufacturing initiative for U.S.-based bitcoin mining customers, representing Cipher's fourth order with the company. The agreement comes amid bitcoin's price surge and highlights Canaan's strategy to address tariff pressures through regional manufacturing capabilities.

Cipher Mining (NASDAQ: CIFR) has scheduled its second quarter 2025 business update and financial results release for Thursday, August 7th, 2025, before U.S. markets open. The company will host a conference call and webcast at 8:00 a.m. Eastern Time on the same day.

Investors can access the live webcast and replay through the investor relations section of Cipher's website at investors.ciphermining.com. Those wishing to join via telephone must register in advance to receive dial-in information and a unique PIN.

Cipher Mining (NASDAQ:CIFR) has exceeded its Q2 2025 hashrate guidance at Black Pearl, achieving 3.4 EH/s of self-mining capacity versus the projected 2.5 EH/s. The company's total self-mining hashrate has reached 16.8 EH/s, with plans to scale to 23.1 EH/s upon completion.

In its June 2025 operational update, Cipher mined 160 BTC, sold 58 BTC, and maintained a balance of 1,063 BTC. The company strategically managed power consumption through its 4CP avoidance strategy, helping maintain low operational costs. With 104,000 deployed mining rigs and a fleet efficiency of 20.8 J/TH, Cipher continues to optimize its mining operations while expanding capacity.

Cipher Mining (NASDAQ: CIFR) has announced the successful energization and commencement of bitcoin mining operations at its Black Pearl data center. The site is currently generating a hashrate of ~2.5 EH/s, with Phase I expected to reach ~9.6 EH/s upon completion.

The company's total hashrate across all sites is currently at ~16 EH/s and is projected to increase to ~23.1 EH/s during Q3 2025. The Black Pearl site, completed in 16 months, represents a significant expansion of Cipher's mining capabilities, with the company now operating five data centers and maintaining a 2.6 GW pipeline for future HPC hosting or bitcoin mining applications.

Cipher Mining (NASDAQ:CIFR) released its May 2025 operational update, highlighting significant progress in its mining operations. The company mined 179 BTC during the month, sold 64 BTC, and maintained a balance of 966 BTC. Operating with 75,000 deployed mining rigs, Cipher achieved a month-end hashrate of 13.5 EH/s with a fleet efficiency of 18.9 J/TH. The company is advancing well with its Black Pearl site development, with Phase I building near completion and legacy rigs from Odessa already relocated and awaiting energization. Cipher has purchased additional mining rigs to utilize the 150 MW power capacity at Black Pearl Phase I, expecting delivery in early July. Upon full deployment, the company projects its hashrate capacity to increase significantly from 13.5 EH/s to approximately 23.1 EH/s.

Cipher Mining (NASDAQ: CIFR) has announced plans to offer $150 million in convertible senior notes due 2030, with an additional $22.5 million option for underwriters. The notes will be senior, unsecured obligations with semiannual interest payments. Morgan Stanley is the sole bookrunner. The notes can be converted to cash, common stock, or a combination at Cipher's discretion. The company plans to use proceeds to complete Phase 1 of the Black Pearl data center project, including purchasing mining rigs at a discount, paying tariffs, and infrastructure costs. Notably, Cipher amended its agreement with Bitmain Technologies, securing a 10% cost reduction for early payment and accelerating rig delivery to June 23, 2025. Concurrent with the notes offering, Morgan Stanley will conduct a separate offering of borrowed common stock to facilitate hedging transactions.