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Cipher Mining (CIFR)
NASDAQ:CIFR
CIFR Analyst Ratings
Strong Buy
12 Buy
3 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
CIFR Stock 12 Month Forecast
Average Price Target
$14.46
▼(-19.62% Downside)
| Highest Price Target$24.00 | Average Price Target$14.46 | Lowest Price Target$6.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
Needham
$8→$15
Buy
-16.62%
Downside
Assigned
09/30/25
Cipher Mining's Growth Potential Bolstered by Strategic Lease and Power CapacityWe view the Fluidstack lease (backstopped by Google) as more attractive than we previously anticipated as CIFR will retain 100% of the economics for the first 168MW (prior to additional capital raising); we had expected a JV arrangement initially. CIFR also has one of the largest power pipelines managing access to 2.4GW of potential capacity (incl. 170MW in NT power between Stingray & Reveille in '26/'27). We initiate our 2027 estimates which include a ramp in HPC revenue beginning in Oct. 2026 at $1.55m/critical MW in line with mgmt's guide at 80-85% NOI margin and increasing at 3% annual escalators.
Clear Street
$7→$20
Buy
11.17%
Upside
Reiterated
09/30/25
KBW
$6.5→$13
Buy
-27.74%
Downside
Reiterated
09/29/25
H.C. Wainwright
$7.5→$17
Buy
-5.50%
Downside
Reiterated
09/29/25
Cipher Mining's Strategic Partnership with Fluidstack: A Catalyst for Growth in HPC and AI SectorsWe note that the deal economics are about in-line with other colocation agreements we have seen in the market at ~$1.8M/ MW/year, while Cipher is giving up less equity via warrants compared to Fluidstack's recent deal with another miner (Exhibit 1). The contract also includes two 5-year lease extension options, which, if exercised, would bring the total contract value to ~$7B.
Canaccord Genuity
$12→$16
Buy
-11.06%
Downside
Reiterated
09/29/25
Rosenblatt Securities
$9→$14
Buy
-22.18%
Downside
Reiterated
09/29/25
Northland Securities
$7→$14.5
Buy
-19.40%
Downside
Reiterated
09/29/25
J.P. Morgan
$6→$12
Hold
-33.30%
Downside
Reiterated
09/26/25
Compass Point
$18
Buy
0.06%
Upside
Reiterated
09/26/25
Cipher Mining's Strategic Partnership and Financial Strategy Drive Buy Rating and Increased Price TargetWe feel optimistic on CIFR’ s growth prospects following Google AI hosting news. This deal is an indication that CIFR can deliver reliable hosting at scale, separating it from its peers. The company should begin to recognize significant hosting revenue in October 2026, and would likely have the opportunity for further investment atier proof of execution. Additionally , CIFR reached 23.0Eh/s for their BTC mining business at the end of August, with a stated goal of 23.5Eh/s by September. This positions CIFR as a durable business, with BTC upside as well as AI infrastructure as a longer-term opportunity. Our revenue estimates for FY25/FY26 are now $277M/$554M, up from $263M/$388M previously. Our EBITDA estimates as of now are $92M/$294M, up from $85M/$182M previously. Our BTC mining estimates are driven by BTC price assumptions of $110K in 3Q25, $120K in 4Q25, and $130K in 2026.
TR | OpenAI - 4o
$5→$6
Hold
-66.65%
Downside
Reiterated
08/19/25
AI Generated ArticleAI Generated Article
Macquarie
$6→$8
Buy
-55.53%
Downside
Reiterated
08/07/25
JonesTrading
―
Hold
―
Initiated
07/21/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Needham
$8→$15
Buy
-16.62%
Downside
Assigned
09/30/25
Cipher Mining's Growth Potential Bolstered by Strategic Lease and Power CapacityWe view the Fluidstack lease (backstopped by Google) as more attractive than we previously anticipated as CIFR will retain 100% of the economics for the first 168MW (prior to additional capital raising); we had expected a JV arrangement initially. CIFR also has one of the largest power pipelines managing access to 2.4GW of potential capacity (incl. 170MW in NT power between Stingray & Reveille in '26/'27). We initiate our 2027 estimates which include a ramp in HPC revenue beginning in Oct. 2026 at $1.55m/critical MW in line with mgmt's guide at 80-85% NOI margin and increasing at 3% annual escalators.
Clear Street
$7→$20
Buy
11.17%
Upside
Reiterated
09/30/25
KBW
$6.5→$13
Buy
-27.74%
Downside
Reiterated
09/29/25
H.C. Wainwright
$7.5→$17
Buy
-5.50%
Downside
Reiterated
09/29/25
Cipher Mining's Strategic Partnership with Fluidstack: A Catalyst for Growth in HPC and AI SectorsWe note that the deal economics are about in-line with other colocation agreements we have seen in the market at ~$1.8M/ MW/year, while Cipher is giving up less equity via warrants compared to Fluidstack's recent deal with another miner (Exhibit 1). The contract also includes two 5-year lease extension options, which, if exercised, would bring the total contract value to ~$7B.
Canaccord Genuity
$12→$16
Buy
-11.06%
Downside
Reiterated
09/29/25
Rosenblatt Securities
$9→$14
Buy
-22.18%
Downside
Reiterated
09/29/25
Northland Securities
$7→$14.5
Buy
-19.40%
Downside
Reiterated
09/29/25
J.P. Morgan
$6→$12
Hold
-33.30%
Downside
Reiterated
09/26/25
Compass Point
$18
Buy
0.06%
Upside
Reiterated
09/26/25
Cipher Mining's Strategic Partnership and Financial Strategy Drive Buy Rating and Increased Price TargetWe feel optimistic on CIFR’ s growth prospects following Google AI hosting news. This deal is an indication that CIFR can deliver reliable hosting at scale, separating it from its peers. The company should begin to recognize significant hosting revenue in October 2026, and would likely have the opportunity for further investment atier proof of execution. Additionally , CIFR reached 23.0Eh/s for their BTC mining business at the end of August, with a stated goal of 23.5Eh/s by September. This positions CIFR as a durable business, with BTC upside as well as AI infrastructure as a longer-term opportunity. Our revenue estimates for FY25/FY26 are now $277M/$554M, up from $263M/$388M previously. Our EBITDA estimates as of now are $92M/$294M, up from $85M/$182M previously. Our BTC mining estimates are driven by BTC price assumptions of $110K in 3Q25, $120K in 4Q25, and $130K in 2026.
TR | OpenAI - 4o
$5→$6
Hold
-66.65%
Downside
Reiterated
08/19/25
AI Generated ArticleAI Generated Article
Macquarie
$6→$8
Buy
-55.53%
Downside
Reiterated
08/07/25
JonesTrading
―
Hold
―
Initiated
07/21/25
Best Analysts Covering Cipher Mining
1 Month
xxx
Success Rate
6/8 ratings generated profit
Average Return
+17.46%
reiterated a xxx
rating 12 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 75.00% of your transactions generating a profit, with an average return of +17.46% per trade.
3 Months
xxx
Success Rate
13/16 ratings generated profit
Average Return
+58.13%
reiterated a xxx
rating 12 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 81.25% of your transactions generating a profit, with an average return of +58.13% per trade.
1 Year
Success Rate
8/8 ratings generated profit
Average Return
+239.01%
reiterated a buy rating 12 days ago
Copying Bill Papanastasiou's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +239.01% per trade.
2 Years
xxx
Success Rate
9/9 ratings generated profit
Average Return
+345.99%
reiterated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +345.99% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
CIFR Analyst Recommendation Trends
Rating
May 25
Jun 25
Jul 25
Aug 25
Sep 25
Strong Buy
14
12
9
5
7
Buy
0
0
4
8
18
Hold
8
12
17
16
11
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
22
24
30
29
36
Each month's total comprises the sum of three months' worth of ratings.
CIFR Financial Forecast
CIFR Stock Forecast FAQ
What is CIFR’s average 12-month price target, according to analysts?
Based on analyst ratings, Cipher Mining’s 12-month average price target is 14.46.
What is CIFR’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for CIFR, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is CIFR a Buy, Sell or Hold?
Cipher Mining has a consensus rating of Strong Buy which is based on 12 buy ratings, 3 hold ratings and 0 sell ratings.
What is Cipher Mining’s price target?
The average price target for Cipher Mining is 14.46. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $24.00 ,the lowest forecast is $6.00. The average price target represents -19.62% Decrease from the current price of $17.99.
The highest analyst price target is $24.00 ,the lowest forecast is $6.00. The average price target represents -19.62% Decrease from the current price of $17.99.
What do analysts say about Cipher Mining?
Cipher Mining’s analyst rating consensus is a Strong Buy. This is based on the ratings of 15 Wall Streets Analysts.
How can I buy shares of CIFR?
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