Cipher Mining (NASDAQ:CIFR) Upgraded to Hold at Zacks Research

Cipher Mining (NASDAQ:CIFR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

CIFR has been the topic of several other reports. Keefe, Bruyette & Woods decreased their target price on shares of Cipher Mining from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Morgan Stanley assumed coverage on Cipher Mining in a research report on Monday, February 9th. They issued an “overweight” rating and a $38.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and set a $24.00 price objective on shares of Cipher Mining in a research note on Thursday. HC Wainwright decreased their price objective on Cipher Mining to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Cipher Mining in a research note on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.68.

Cipher Mining Price Performance

CIFR stock opened at $14.35 on Wednesday. Cipher Mining has a 52 week low of $1.86 and a 52 week high of $25.52. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 3.37. The company has a fifty day simple moving average of $15.81 and a two-hundred day simple moving average of $16.25. The firm has a market capitalization of $5.81 billion, a P/E ratio of -6.64 and a beta of 2.96.

Insider Activity

In other Cipher Mining news, COO Patrick Arthur Kelly sold 35,568 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $14.98, for a total value of $532,808.64. Following the completion of the sale, the chief operating officer directly owned 1,441,508 shares of the company’s stock, valued at $21,593,789.84. The trade was a 2.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary M. Grossman sold 30,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.54, for a total transaction of $436,200.00. Following the completion of the transaction, the director owned 170,530 shares in the company, valued at $2,479,506.20. This represents a 14.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 146,297 shares of company stock valued at $2,311,530. 2.63% of the stock is currently owned by company insiders.

Institutional Trading of Cipher Mining

Several institutional investors and hedge funds have recently modified their holdings of CIFR. Creek Drive Management Group LLC purchased a new stake in shares of Cipher Mining in the fourth quarter valued at approximately $460,000. Purpose Unlimited Inc. purchased a new position in Cipher Mining during the 4th quarter worth $1,558,000. Corient Private Wealth LLC bought a new stake in Cipher Mining during the 4th quarter valued at $614,000. Caitong International Asset Management Co. Ltd raised its position in Cipher Mining by 63.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 101,179 shares of the company’s stock valued at $1,493,000 after purchasing an additional 39,342 shares in the last quarter. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Cipher Mining in the 4th quarter worth $196,000. Institutional investors own 12.26% of the company’s stock.

Key Stories Impacting Cipher Mining

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

• Positive Sentiment: Signed a 15‑year data‑center campus lease with an investment‑grade hyperscale tenant and secured a revolving credit facility of up to $200 million — this materially improves long‑term revenue visibility and near‑term liquidity for expansion. Cipher Digital Announces Business Updates
• Positive Sentiment: Brokerages reaffirmed Buy ratings with elevated price targets (Needham $22, Rosenblatt $24), signaling analyst conviction and implying substantial upside from current levels if execution continues. Benzinga
• Positive Sentiment: Media coverage frames the hyperscaler deal as evidence of rising AI/datacenter demand, which can re-rate data‑center operators and attract investor interest. Barron’s
• Neutral Sentiment: Wall Street commentary highlights growing analyst optimism; coverage can amplify price moves but does not change underlying bitcoin‑mining fundamentals immediately. Zacks
• Neutral Sentiment: Institutional activity shows both new buys and position increases by several funds (e.g., Goldman Sachs, Millennium), which can support liquidity but also reflect active trading rather than consensus conviction.
• Negative Sentiment: Director Cary M. Grossman sold 30,000 shares (~15% reduction in his reported holding); insider sales can be perceived as profit‑taking and may weigh on sentiment near-term. SEC Form 4 – Insider Sale
• Negative Sentiment: Crypto‑mining peers and Cipher itself reacted to downward pressure in Bitcoin/crypto markets today, leading to sectorwide weakness and heavier selling in mining stocks. 247WallSt
• Negative Sentiment: Market alerts note Cipher registered a larger decline than the broader market today, highlighting that short‑term traders are rapidly pricing in the mix of news. Zacks – Intraday Drop

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.