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Company Analysis

Cipher Mining Inc. CIFR

A comprehensive view of key metrics, scores, and financial health for Cipher Mining Inc.

Overview of Cipher Mining Inc.

CIFR NMS
Financial Services Capital Markets Framework: General Corporate Mid Cap
Cipher Mining Inc. (CIFR), is a Mid Cap company, in the Capital Markets industry, last closed at $6.86, about 0.0% overvalued vs fair value, -68.4% 1Y return, ranked 639/1078 in sector.
Metrics Rev Growth 48.0% ROE -110.6% Gross Margin 28.4%
USD 6.86
-5.90%
(Delayed)
• Vol 90d: 117.7%
Market Cap
$2.85B
Enterprise Value
$7.58B
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Weak
Health
Weak
Efficiency
Weak
Valuation
Fair
Growth
Weak
Profitability
Weak
Health
Weak
Efficiency
Weak
Valuation
Fair
Completeness: 88%
Confidence: 92%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.ciphermining.com
HQ New York, NY
Employees 66
Fiscal year Dec 31

Next Events

Earnings Nov 2 Call: Nov 2

Fair Value Snapshot

Bear Base Bull
$-2
$-2
$-2
Current: $6.86

Engine Room Money Flow™

Mid Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$223.9M
48%%
Gross Profit
$63.6M
126.2%%
Operating Income
-$421.6M
-864.7%%
Net Income
-$822.2M
-1742.2%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio FY2025
85.4%

Operating Cash Flow / Net Income

FCF / Net Income - not meaningful while net income is negative (a near-100% ratio here only reflects cash burn tracking accounting losses, not earnings quality)

Locked Metric
-
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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
2
Active Leaks
0/2
Improving
0
High Impact
2
Critical
Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Cipher Mining Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
33
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 1.00), with margins expanding over time.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.00), suggesting weak customer stickiness.
  • Scale Without Profitability Despite scale, profitability lags peers (score 0.20), suggesting limited competitive advantage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
3
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 95% Coverage
Trade-Off Triangle Visualization A ternary plot showing CIFR's balance between Growth (56.5%), Profitability (9.9%), and Safety (33.6%). Growth 57% Safety 34% Profitability 10%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

71th percentile vs peers
71
Key Signals
Rev Growth YoY 48.0% 85p Revenue CAGR 3Y 3.19 99p TSR 6.40 99p EPS Growth YoY -14.60 0p
Strengths
  • Rev Growth YoY in top 20% of peers (48.0%, 85th percentile)
  • Revenue CAGR 3Y in top 20% of peers (3.19, 99th percentile)
  • Growth above peer median with strong metric coverage (85%)
  • TSR in top 20% of peers (6.40, 99th percentile)
  • Quick Ratio in top 20% of peers (3.62, 88th percentile)
Risks
  • EPS Growth YoY in bottom 20% of peers (-14.60)

Profitability

12th percentile vs peers
12
Key Signals
Strengths
Risks
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Safety

42th percentile vs peers
42
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Cipher Mining Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
X.X%
X%XX%
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-XX%XX%
XX.X%
-XX%XX%
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Bear
-
- - -
- upside
-
Base
$-2.07
- - -
- upside
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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