HC Wainwright Predicts Stronger Earnings for Cipher Mining

Cipher Mining Inc. (NASDAQ:CIFR) – Stock analysts at HC Wainwright increased their Q2 2026 earnings estimates for Cipher Mining in a research report issued to clients and investors on Wednesday, May 6th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings per share of ($0.30) for the quarter, up from their previous estimate of ($0.33). HC Wainwright currently has a “Buy” rating and a $30.00 target price 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 Q3 2026 earnings at ($0.30) EPS, Q4 2026 earnings at ($0.08) EPS and FY2026 earnings at ($0.97) EPS.

Cipher Mining (NASDAQ:CIFR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The business had revenue of $34.84 million during the quarter, compared to the consensus estimate of $36.12 million. Cipher Mining had a negative return on equity of 117.65% and a negative net margin of 427.79%.Cipher Mining’s revenue for the quarter was down 28.8% compared to the same quarter last year.

A number of other equities research analysts have also commented on CIFR. Cantor Fitzgerald reduced their price target on Cipher Mining from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Jefferies Financial Group assumed coverage on Cipher Mining in a research report on Thursday. They set a “buy” rating and a $32.00 price objective for the company. Wall Street Zen lowered Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cipher Mining in a research report on Friday, March 27th. Finally, Rosenblatt Securities raised their price target on shares of Cipher Mining from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.87.

Cipher Mining Stock Up 4.9%

Shares of NASDAQ:CIFR opened at $22.29 on Friday. The firm has a market cap of $9.12 billion, a P/E ratio of -9.57 and a beta of 3.13. Cipher Mining has a 12-month low of $3.02 and a 12-month high of $25.52. The business has a fifty day simple moving average of $16.50 and a 200 day simple moving average of $16.92. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 6.13.

Insider Transactions at Cipher Mining

In other news, Director Cary M. Grossman sold 30,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.54, for a total value of $436,200.00. Following the transaction, the director directly owned 170,530 shares of the company’s stock, valued at $2,479,506.20. The trade was a 14.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tyler Page sold 37,500 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $16.11, for a total value of $604,125.00. Following the sale, the chief executive officer owned 8,263,862 shares in the company, valued at approximately $133,130,816.82. The trade was a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 244,398 shares of company stock worth $4,276,690. Corporate insiders own 2.63% of the company’s stock.

Institutional Trading of Cipher Mining

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Cipher Mining by 43.2% during the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock valued at $482,360,000 after acquiring an additional 9,865,533 shares during the period. Voloridge Investment Management LLC bought a new position in Cipher Mining during the third quarter worth $70,524,000. Value Aligned Research Advisors LLC acquired a new stake in Cipher Mining in the third quarter worth $64,266,000. Situational Awareness LP increased its stake in Cipher Mining by 82.4% in the fourth quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock valued at $154,524,000 after purchasing an additional 4,728,600 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Cipher Mining by 3,718.3% in the fourth quarter. Janus Henderson Group PLC now owns 4,292,790 shares of the company’s stock valued at $63,359,000 after purchasing an additional 4,180,362 shares in the last quarter. Institutional investors own 12.26% of the company’s stock.

Key Headlines Impacting Cipher Mining

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

• Positive Sentiment: HC Wainwright raised its earnings estimates for Cipher Mining for Q2, Q3, Q4, and full-year 2026, while maintaining a Buy rating and a $30 price target, signaling confidence in the company’s outlook.
• Positive Sentiment: Northland Securities also nudged up its Q2 2026 EPS estimate, suggesting slightly better near-term performance than previously expected.
• Positive Sentiment: An Investopedia article highlighted Bitcoin miners with AI exposure as potential winners, reinforcing the broader market narrative that has helped support Cipher Mining shares. Bitcoin Miners That Got Into AI Have Soaring Stocks. These Experts See More Gains Ahead
• Neutral Sentiment: Cipher Mining COO Patrick Arthur Kelly sold 48,000 shares at $19.36, a disclosure that can create some overhang but was relatively small compared with his remaining stake.
• Negative Sentiment: Northland also cut its FY2026 earnings estimate, and its latest projections still point to losses, which keeps fundamental pressure on the stock despite the recent analyst upgrades.
• Negative Sentiment: Recent company operating results were weak, with the most recent quarterly report missing estimates on both EPS and revenue, reminding investors that Cipher is still unprofitable.

About Cipher Mining

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.