Cipher Mining Inc. Stock Price, News & Analysis

Cipher Mining (NASDAQ: CIFR) announced that subsidiary Cipher Compute LLC intends to offer $1.4 billion aggregate principal amount of senior secured notes due 2030 in a private Rule 144A offering to qualified institutional buyers.

Net proceeds are intended to finance part of the construction cost of the Barber Lake Facility high-performance computing data center near Colorado City, Texas. The Notes will be fully guaranteed by Cipher Barber Lake LLC and secured by first-priority liens on substantially all Issuer and Guarantor assets, equity interests, and certain pledged warrants and accounts. Cipher will provide a completion guarantee if funds are insufficient. The offering is subject to market and other conditions and the Notes are not registered under the Securities Act.

Cipher Mining (NASDAQ: CIFR) reported Q3 2025 revenue of $72 million, a net loss of $3 million (loss of $0.01 per share) and Non-GAAP adjusted earnings of $41 million (or $0.10 per diluted share).

The company executed an approximately $5.5 billion, 15-year lease with Amazon Web Services to deliver 300 MW of AI capacity in 2026 (two phases starting July 2026; rent begins August 2026). Cipher formed a joint entity to develop Colchis, a 1-GW West Texas site where Cipher would hold ~95% equity under standard terms and has a 1-GW Direct Connect Agreement with AEP targeting energization in 2028 pending ERCOT final review. Other items: 3.2 GW pipeline, completed a $1.3 billion convertible note offering, and a 10-year AI hosting agreement with Fluidstack and Google.

Cipher Mining (NASDAQ: CIFR) announced participation in multiple investor and industry conferences in November 2025 where management may present on recent developments and growth strategy. Cipher said CEO Tyler Page may be featured in discussions at the listed events.

Event dates: Cantor Crypto & AI/Energy Infrastructure Conference on Nov 11, 2025; J.P. Morgan U.S. Opportunities Forum on Nov 12–13, 2025; Clear Street Disruptive Technology Conference on Nov 20, 2025. Webcast links and replay availability will be posted on Cipher's investor website and social channels when provided.

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.