Cipher Mining

This morning we released our Q3 2024 business update, highlighting closing acquisitions on five high quality data center development sites:

*Closed acquisition of Barber Lake data center site, which includes 250 acres of land in West Texas, a newly constructed high-to-mid voltage substation, and immediately available 300 MW
*Closed acquisition of Reveille data center site, which includes approvals for 70 MW and potential to expand to 200 MW, with energization targeted for 2027
*Signed option agreements to purchase or lease three sites in Texas with targeted power capacity of 500 MW each, suitable for HPC or bitcoin mining

Cipher’s active portfolio and options for development now total ~2.5 GW across 10 sites.

We continue discussing potential tenancies with hyperscalers, in the middle of upgrading our mining fleet at Odessa, and remain on track to deploy a highly efficient ~13.5 EH/s by the end of the year.

The full release can be found here: bit.ly/4f6MyVi

$CIFR

Cipher Mining Provides Third Quarter 2024 Business Update Completed acquisition of Barber Lake data center site, which includes 250 acres of land in West Texas, a newly constructed high-to-mid voltage substation,...

Recent filings with the Securities and Exchange Commission reveal that insiders at Cipher Mining Inc. (NASDAQ:CIFR), a leader in the crypto asset space, have sold a significant amount of company stock. The transactions, which took place on September 4th and 5th, amounted to a total sale value of over $11 million.

The sales were conducted at prices ranging from $2.92 to $3.03 per share. Specifically, on September 4th, a total of 1,421,663 shares were sold at an average price of $3.03, and another 479,449 shares were sold at an average price slightly below $3.01, with prices within the range of $2.93 to $3.14. On the following day, another set of transactions saw the same number of shares, 1,421,663, sold at an average price of $2.92, and 479,449 shares were sold at an average price of $2.93, with the price range for these sales being $2.87 to $3.031.

These sales were made by several related entities, including Bitfury Top HoldCo B.V., Bitfury Holding B.V., V3 Holding Ltd, and Bitfury Group Ltd, which are interconnected through ownership and control by Valerijis Vavilovs. The intricate ownership structure indicates that Vavilovs, along with the mentioned entities, may be deemed to share beneficial ownership of the sold shares.

The SEC filings include detailed footnotes that provide context to the ownership and the nature of the transactions. The footnotes clarify the relationships between the reporting entities and disclaim beneficial ownership of the shares sold except to the extent of their respective pecuniary interests.

Cipher Mining to Participate in the 4th Annual Needham Virtual Crypto Conference

Cipher Mining Inc. (NASDAQ: CIFR), a U.S.-based Bitcoin mining company, has announced its participation in the 4th Annual Needham Virtual Crypto Conference on September 5, 2024. CEO Tyler Page will engage in a virtual fireside chat at 8:45 am ET, discussing the company's Q2 earnings, growth plans, and the convergence of HPC and bitcoin mining.

The event will be accessible via a live webcast, with presentation materials and a replay available on Cipher's investor relations website. This conference provides an opportunity for Cipher to showcase its recent performance and future strategies to potential investors and industry analysts.

08/28/2024 - 04:05 PM
NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a U.S.-based Bitcoin mining company, today announced it will participate in the 4th Annual Needham Virtual Crypto Conference on September 5, 2024. Cipher’s CEO, Tyler Page, will be participating in a virtual fireside chat to discuss the Company’s recent Q2 earnings, growth plans, and the convergence of HPC and bitcoin mining.

Details of the Event:

Event: 4th Annual Needham Virtual Crypto Conference
Date: Thursday, September 5th, 2024
Time: 8:45 am ET

wsw.com

$CIFR is proud to share that the recently awarded our Odessa data center the Management & Operations (M&O) Stamp of Approval, making $CIFR the first and only company in the BTC mining industry to receive this landmark achievement.

The Uptime Institute, a globally recognized authority in data center standards, awards the M&O Stamp of Approval only to facilities that demonstrate best practices in data center operations, ensuring high levels of uptime and reliability. The assessment process involved a rigorous evaluation of the data center’s management practices, operational protocols, and maintenance procedures.

We are proud of this important industry recognition and look forward to continuing on our path to become one of the largest builders and operators of large-scale data centers in the world.

$CIFR

‘Institutions Are Coming’—$35 Trillion U.S. Dollar Collapse Predicted To Trigger A Bitcoin Price Boom To Rival Gold

Bitcoin +2.7% has swung wildly in recent weeks, bouncing around $60,000 per bitcoin as traders brace for a China earthquake.

The bitcoin price has dropped back from its all-time high of over $70,000 set in March as fears mount over the U.S.'s spiraling $35 trillion debt pile and billionaire Elon Musk warns of U.S. dollar "destruction" that could "bankrupt" the country.

Now, after former president Donald Trump floated a radical plan to wipe out U.S. debt, the U.S. dollar has hit its lowest level since the start of the year, sparking fears of further collapse and potentially feeding a bitcoin price boom.

"Bitcoin became a trillion-dollar asset during a period in which the dollar was exceptionally strong," Zach Pandl, managing director of research at bitcoin and crypto asset manager Grayscale, told DL News.

"Do you know what’s going to happen to this asset when we have a period of sustained dollar depreciation," Pandl asked, suggesting the bitcoin price will surge.

The dollar's decline in recent months comes as investors are waiting for Federal Reserve chair Jerome Powell to signal the Fed will cut interest rates next month during his closely-watched speech at the Jackson Hole economic symposium meeting of central bankers on Friday.

"As the market comes to grips with whatever candidate wins, we’re in for four more years of reckless fiscal policy," VanEck's head of crypto research Matthew Sigel, told CNBC. "The history is that bitcoin really hits its stride at that point. So we’re buyers here. We think it recovers."

The bitcoin price rally has this year been largely driven by the long-awaited arrival of a fleet of spot bitcoin exchange-traded funds (ETFs) on Wall Street, with some betting that the continued success of the funds will support the bitcoin price into 2025.

Institutional investors have "bought the dip" over the second quarter of the year, despite a decline in the bitcoin price of 12%, according to a report from asset manager Bitwise, with the company's chief investment officer, Matt Hougan, calling it a "great sign."

"If institutions will buy bitcoin when prices are volatile, imagine what could happen in a bull market," Hougan wrote in the report, adding: "The institutions are coming, and they're coming in size."

by Billy Bambrough
Forbes

imageio.forbes.com

Price T Rowe Associates Inc. MD Makes New $59,000 Investment in Cipher Mining Inc. (NASDAQ:CIFR)

Price T Rowe Associates Inc. MD purchased a new stake in Cipher Mining Inc. (NASDAQ:CIFR – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,308 shares of the company’s stock, valued at approximately $59,000.

Insider Buying and Selling at Cipher Mining
In other Cipher Mining news, major shareholder Top Holdco B.V. Bitfury sold 296,357 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $3.99, for a total transaction of $1,182,464.43. Following the sale, the insider now owns 118,223,411 shares of the company’s stock, valued at approximately $471,711,409.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 5,302,379 shares of company stock worth $24,285,016. 2.25% of the stock is currently owned by insiders.

Investing in Cipher Mining Inc (CIFR) might be a great opportunity, but the stock is a bit undervalued

While Cipher Mining Inc has underperformed by -6.00%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CIFR rose by 10.60%, with highs and lows ranging from $7.99 to $2.15, whereas the simple moving average jumped by 5.73% in the last 200 days.

On June 11, 2024, Cantor Fitzgerald started tracking Cipher Mining Inc (NASDAQ: CIFR) recommending Overweight. A report published by JP Morgan on October 11, 2023, Initiated its previous ‘Neutral’ rating for CIFR. BTIG Research also rated CIFR shares as ‘Buy’, setting a target price of $6 on the company’s shares in an initiating report dated September 15, 2023. Compass Point Initiated an Buy rating on June 06, 2023, and assigned a price target of $4. Canaccord Genuity initiated its ‘Buy’ rating for CIFR, as published in its report on April 25, 2023. Cantor Fitzgerald’s report from March 14, 2023 suggests a price prediction of $3 for CIFR shares, giving the stock a ‘Buy’ rating. Needham also rated the stock as ‘Buy’.

Analysis of Cipher Mining Inc (CIFR)

Further, the quarter-over-quarter increase in sales is 119.85%, showing a positive trend in the upcoming months.

In order to gain a clear picture of Cipher Mining Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 4.38% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 8.08, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

An average volume of 9.59M can be a very valuable indicator of volatility for CIFR stock. On a monthly basis, the volatility of the stock is set at 12.76%, whereas on a weekly basis, it is put at 13.27%, with a loss of -6.00% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.93, showing growth from the present price of $4.07, which can serve as yet another indication of whether CIFR is worth investing in or should be passed over.

How Do You Analyze Cipher Mining Inc Shares?

The USA based company Cipher Mining Inc (CIFR) is one of the biggest names in Capital Markets. When comparing Cipher Mining Inc shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 84.09, there is a growth in quarterly earnings of 592.86%.

In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 37.73%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 18.87% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

CIFR shares are owned by institutional investors to the tune of 18.87% at present

Vanguard Group Inc. Acquires 2,164,383 Shares of Cipher Mining Inc. (NASDAQ:CIFR)



Vanguard Group Inc. grew its stake in shares of Cipher Mining Inc. (NASDAQ:CIFR – Free Report) by 62.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,657,019 shares of the company’s stock after acquiring an additional 2,164,383 shares during the period. Vanguard Group Inc. owned about 1.91% of Cipher Mining worth $29,134,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Van ECK Associates Corp grew its stake in shares of Cipher Mining by 38.9% during the 1st quarter. Van ECK Associates Corp now owns 2,733,743 shares of the company’s stock worth $14,079,000 after acquiring an additional 765,238 shares during the period. First Financial Bankshares Inc purchased a new stake in shares of Cipher Mining during the 4th quarter valued at approximately $9,901,000. Shariaportfolio Inc. bought a new position in Cipher Mining in the 4th quarter worth approximately $2,460,000. Hel Ved Capital Management Ltd purchased a new position in Cipher Mining in the 4th quarter valued at approximately $1,310,000. Finally, Cantor Fitzgerald L. P. bought a new stake in Cipher Mining during the 4th quarter valued at $747,000. Hedge funds and other institutional investors own 12.26% of the company’s stock.

$CIFR delivered another solid month of production in July. Our earnings call is scheduled for Tuesday, August 13th at 8:00 a.m. Eastern Time. Please join then for an update on the business – register at bit.ly/3ypP6hk or access the webcast through our investor website at investors.ciphermining.com.

*BTC Mined: ~178
*BTC Sold: ~108
*BTC Held: ~2,270
*Deployed Mining Rigs: ~75,000
*Month End Operating Hash Rate (EH/s): ~8.7

Press Release: bit.ly/3WtJlqW

$CIFR

For 4 years, our team has poured a lot of sweat, tears and late hours into building from a PowerPoint deck to a sizable pubco. Just when public momentum seems to favor bitcoin mining, more roadblocks:

Today, informed us that they will no longer carry our press releases because they no longer accept cryptocurrency related news releases from any newswire. WTF? We jump through a million hoops to be a compliant public company, and we get this? We announced our earnings date on August 13th in a press release that is mysteriously missing. That release violates a policy? Something is rotten. Thank god for X.

Crypto-related stocks climbed after a weekend bitcoin rally following an attempt on former President Donald Trump's life on Saturday.
Shares of Cipher Mining were up 26%, to $5.88, in Monday trading, while fellow crypto miner Hut & was up 17%, to $19.87.
Another miner, Core Scientific, gained 9%, to $11.01, and Marathon Digital Holdings climbed 18%, to $24.60. Crypto wallet Coinbase was up 11%, to $241.98.
The price of bitcoin jumped above $62,000 early Monday for the first time since the beginning of the month, as analysts gave Trump increasing odds of winning the November presidential election after a gunman came a fraction of an inch from taking his life during a Pennsylvania rally.
Trump has promoted cryptocurrency on the campaign trail and is set to speak at the Bitcoin Conference in Nashville later this month.
Other Trump-connected stocks have also rallied Monday after the assassination attempt, with Trump Media & Technology up 35% and Tesla up 3.6% after Chief Executive Elon Musk endorsed Trump over the weekend.

Cipher Mining reports a productive June, mining
176 Bitcoin and increasing their total holdings to over 2,200
BTC. The company now operates 75,000 mining rigs with a hash rate of 8.6 EH/s, reflecting significant growth and expansion in their Bear and Chief data centers.

We are open 7 days a week from 9:00am to 10:00pm