Cipher Mining, Inc.

CIFR
$5.68 (15.92%) 08:00 PM 02/07/25

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About

Company Overview

Cipher Mining, Inc. (NASDAQ: CIFR) is a leading Bitcoin mining company focused on scaling operations with innovative infrastructure and energy management strategies. As of July 2024, Cipher operates with a self-mining hash rate of approximately 8.7 EH/s, with plans to reach 35.0 EH/s by 2025. The company leverages its advanced sites, such as the Odessa and Alborz facilities, to maintain industry-leading efficiency, with an expected fleet efficiency of 15.3 J/TH by 2025. Cipher''s growth strategy includes the development of new sites across North America, adding up to 1.7 GW of capacity by 2028. The company''s flagship Black Pearl site, expected to energize in 2025, will contribute significantly to this growth, with an estimated 21.5 EH/s of hash rate from its 300 MW facility. With a commitment to low-cost operations, Cipher has optimized its power costs, achieving an average electricity cost of approximately 2.7 cents per kWh across its sites. Cipher is also expanding into the high-performance computing (HPC) market, aiming to become a market-leading infrastructure provider with 100% uptime availability and large-scale power interconnects. Backed by a team with extensive capital-raising experience, Cipher is well-positioned to continue its leadership in the Bitcoin mining industry while exploring new growth opportunities in AI and HPC.

Stock Exchange NASDAQ
IPO Date 2021-08-30
Number of Employees 43
Headquarters New York City, New York, United States

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The next earnings report date for Cipher Mining, Inc. (CIFR) is scheduled for August 12, 2025. Stay up to date with CIFR’s financial results and key announcements by visiting our Earnings Tracker or by subscribing to earnings alerts. Here we also provide CIFR earnings call summaries and transcripts.

As of June 30, 2025, Cipher Mining, Inc. holds approximately 1063.0 BTC as part of its corporate Bitcoin treasury strategy. For more comprehensive insights, you can track CIFR's Bitcoin holdings on our Bitcoin Treasuries page.

In June 2025, Cipher Mining, Inc. produced 160.0 BTC through its mining operations. Explore the historical monthly production data for CIFR on our Bitcoin Production page.

As of June 30, 2025, Cipher Mining, Inc. has an operating hash rate of 16.8 EH/s. Track CIFR's historical hash rate growth on our Hash Rate tracker page.

The current stock price of Cipher Mining, Inc. (CIFR) is $5.68 as of 08:00 PM 02/07/25. For live stock updates and company rankings, view our Bitcoin mining stocks by market cap table.

The latest news for Cipher Mining, Inc. (CIFR) includes Cipher Mining Surpasses Hashrate Growth Forecasts at Black Pearl and Announces June 2025 Operational Update published on July 02, 2025. For more details and ongoing updates, visit the CIFR news section.