Cipher Mining (NASDAQ:CIFR – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05), Zacks reports. The company had revenue of $36.81 million during the quarter, compared to the consensus estimate of $39.17 million. Cipher Mining had a return on equity of 4.66% and a net margin of 13.54%. During the same period in the previous year, the company posted ($0.05) earnings per share.
Cipher Mining Trading Up 5.8 %
NASDAQ CIFR traded up $0.21 on Thursday, reaching $3.86. 13,723,927 shares of the company were exchanged, compared to its average volume of 8,913,169. The company has a current ratio of 8.08, a quick ratio of 8.08 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average price is $4.82 and its 200 day moving average price is $4.17. The stock has a market capitalization of $1.20 billion, a P/E ratio of 67.17 and a beta of 2.29. Cipher Mining has a fifty-two week low of $2.15 and a fifty-two week high of $7.99.
Insiders Place Their Bets
In other news, major shareholder Top Holdco B.V. Bitfury sold 294,811 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $4.08, for a total transaction of $1,202,828.88. Following the completion of the sale, the insider now owns 118,519,768 shares in the company, valued at approximately $483,560,653.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 5,302,379 shares of company stock valued at $24,285,016 in the last three months. 2.25% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Research Report on CIFR
Cipher Mining Company Profile
Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.
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