HC Wainwright Lowers Earnings Estimates for Cipher Mining

Cipher Mining Inc. (NASDAQ:CIFR) – Investment analysts at HC Wainwright dropped their Q3 2026 earnings estimates for Cipher Mining in a report released on Tuesday, August 4th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings per share of ($0.35) for the quarter, down from their previous forecast of ($0.30). HC Wainwright currently has a “Buy” rating and a $30.00 price objective on the stock. The consensus estimate for Cipher Mining’s current full-year earnings is ($0.90) per share. HC Wainwright also issued estimates for Cipher Mining’s Q4 2026 earnings at ($0.16) EPS, FY2026 earnings at ($1.44) EPS, Q1 2027 earnings at ($0.08) EPS, Q2 2027 earnings at ($0.03) EPS, Q3 2027 earnings at ($0.02) EPS and Q4 2027 earnings at $0.01 EPS.

CIFR has been the topic of several other reports. Morgan Stanley set a $43.50 target price on shares of Cipher Mining in a research note on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and set a $30.00 price target on shares of Cipher Mining in a research report on Wednesday, August 5th. Jefferies Financial Group assumed coverage on Cipher Mining in a report on Thursday, May 14th. They issued a “buy” rating and a $32.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a report on Wednesday, June 24th. Finally, UBS Group set a $30.00 price objective on shares of Cipher Mining in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cipher Mining presently has a consensus rating of “Moderate Buy” and an average price target of $28.61.

Cipher Mining Stock Up 5.4%

Shares of NASDAQ:CIFR opened at $17.21 on Wednesday. The firm has a 50 day simple moving average of $22.61 and a 200 day simple moving average of $19.11. Cipher Mining has a 52 week low of $4.67 and a 52 week high of $30.14. The company has a debt-to-equity ratio of 9.69, a quick ratio of 3.00 and a current ratio of 3.00. The company has a market cap of $7.14 billion, a PE ratio of -6.02 and a beta of 3.20.

Cipher Mining (NASDAQ:CIFR) last released its earnings results on Tuesday, August 4th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.40). Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.The firm had revenue of $24.84 million during the quarter, compared to analysts’ expectations of $31.86 million. During the same period last year, the business earned ($0.12) earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Millennium Management LLC bought a new stake in Cipher Mining during the first quarter valued at about $9,316,000. Goldman Sachs Group Inc. increased its stake in shares of Cipher Mining by 52.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company’s stock worth $10,765,000 after purchasing an additional 1,610,073 shares during the period. Franklin Resources Inc. bought a new position in shares of Cipher Mining in the second quarter worth about $98,000. Prudential Financial Inc. lifted its position in shares of Cipher Mining by 113.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,595 shares of the company’s stock worth $151,000 after purchasing an additional 16,810 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Cipher Mining by 65.2% during the 2nd quarter. XTX Topco Ltd now owns 29,708 shares of the company’s stock worth $142,000 after purchasing an additional 11,725 shares during the last quarter. Institutional investors own 12.26% of the company’s stock.

Insider Activity

In related news, Director Wesley Hastie Williams sold 14,567 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $21.41, for a total value of $311,879.47. Following the transaction, the director directly owned 115,409 shares of the company’s stock, valued at approximately $2,470,906.69. This trade represents a 11.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Newsome sold 3,758 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $26.60, for a total value of $99,962.80. Following the sale, the director directly owned 128,530 shares of the company’s stock, valued at $3,418,898. The trade was a 2.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,145,825 shares of company stock valued at $81,741,167. Corporate insiders own 3.09% of the company’s stock.

Trending Headlines about Cipher Mining

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: HC Wainwright maintained a Buy rating and a $30 price target, well above recent trading levels. The firm expects Cipher Mining’s quarterly losses to narrow through 2027, reaching a projected $0.01 per share profit in Q4 2027. Its 2027 quarterly estimates improve from a $0.08 loss in Q1 to a $0.02 loss in Q3.
• Positive Sentiment: The company’s long-term earnings trajectory remains a potential catalyst: HC Wainwright forecasts a 2027 loss of $0.12 per share, implying a transition toward profitability later in the forecast period.
• Neutral Sentiment: Reported short-interest data showed zero shares short both before and after the period measured, producing a zero-day short-interest ratio. The figures do not indicate meaningful short-covering activity and may reflect incomplete data.
• Negative Sentiment: HC Wainwright reduced its Q3 2026 EPS estimate to a $0.35 loss from a $0.30 loss and cut its FY2026 forecast to a $1.44 loss. Northland Securities also lowered its Q3 estimate to a $0.26 loss from $0.11 and its FY2026 estimate to a $1.35 loss from $0.52.
• Negative Sentiment: Both firms lowered their Q4 2026 projections to a $0.16-per-share loss. Northland previously expected a $0.01 loss, while HC Wainwright previously forecast a $0.08 loss. These revisions signal weaker near-term profitability than previously anticipated.
• Negative Sentiment: A recent valuation article said Cipher Mining shares had fallen 5% and remained overvalued according to GuruFocus’s GF Value model, which could limit upside despite the bullish analyst price target. Cipher Digital Inc. Shares Fall — GF Value Says Still Overvalued

Cipher Mining Company Profile

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.