Cipher Mining Inc. Stock Price, News & Analysis

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.

Cipher Mining (NASDAQ: CIFR), a developer of industrial-scale data centers, has announced its upcoming participation in two major industry events. The company will be present at the Barclays 15th Annual Emerging Payments and FinTech Forum on May 19th, 2025, and Bitcoin 2025 from May 27th-29th, 2025.

During these conferences, Cipher's leadership team will discuss the company's existing site capacity, growth strategy, and opportunities in Bitcoin mining and HPC. Webcasts of the presentations, when available, will be accessible through Cipher's investor relations website, X, and LinkedIn platforms. Replay recordings will also be made available on the company's website.

ENGIE North America has signed a preliminary agreement with Cipher Mining (NASDAQ:CIFR) to provide power for Cipher's Texas data center. The agreement would enable Cipher to purchase up to 300 megawatts (MW) of clean energy from ENGIE's wind facilities. The strategic collaboration involves co-locating the data center with the wind project, which helps address transmission congestion and curtailment challenges in West Texas. This arrangement aims to utilize surplus energy during excess generation periods while contributing to grid stability. The partnership showcases ENGIE's commitment to delivering renewable energy solutions and strengthens its position as a leading global provider of power purchase agreements.

Cipher Mining (NASDAQ: CIFR) reported its Q1 2025 results with revenue of $49 million, up 16% quarter-over-quarter. The company recorded a GAAP net loss of $39 million ($0.11 per share) but achieved non-GAAP adjusted earnings of $6 million ($0.02 per share). Key developments include signing a term sheet with Fortress Credit Advisors for JV financing at Barber Lake and nearing completion of the 150 MW Phase I infrastructure at Black Pearl. The company's mining capacity reached ~13.5 EH/s after completing Odessa fleet upgrades. Cipher plans to expand to ~16.0 EH/s by Q2 end and ~23.1 EH/s by Q3 end. The company maintains a substantial growth pipeline with 2.8 GW of site capacity and is seeing increased HPC tenant interest at Barber Lake.

Cipher Mining (NASDAQ:CIFR) released its April 2025 operational update, showing the company mined 174 Bitcoin during the month, including power sales estimates equivalent to ~3 BTC and ~24 BTC mined at JV data centers. The company sold 350 BTC through treasury management and held 855 BTC at month-end. Cipher's operational metrics include 75,000 deployed mining rigs with a month-end operating hashrate of 13.5 EH/s and fleet efficiency of 18.9 J/TH. Production was impacted by a three-day planned shutdown at Odessa for maintenance, permitted under the power purchase agreement's 5% annual curtailment allowance. The company's Black Pearl facility remains on schedule for Q2 energization.

Cipher Mining (NASDAQ: CIFR) has scheduled its first quarter 2025 earnings release and business update for Tuesday, May 6, 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 and interested parties can access the live webcast and replay through the investor relations section of Cipher's website at investors.ciphermining.com. For those who prefer to join via telephone, a registration system is in place to provide dial-in numbers and a unique PIN for participation.