California State Teachers Retirement System Raises Position in Cipher Mining Inc. $CIFR

California State Teachers Retirement System raised its position in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 22.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 365,966 shares of the company’s stock after acquiring an additional 66,518 shares during the quarter. California State Teachers Retirement System’s holdings in Cipher Mining were worth $4,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CIFR. Vanguard Group Inc. boosted its position in shares of Cipher Mining by 43.2% during the fourth quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock valued at $482,360,000 after purchasing an additional 9,865,533 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Cipher Mining during the third quarter valued at $70,524,000. Situational Awareness LP boosted its holdings in shares of Cipher Mining by 82.4% during the 4th quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock valued at $154,524,000 after buying an additional 4,728,600 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Cipher Mining by 3,718.3% during the 4th quarter. Janus Henderson Group PLC now owns 4,292,790 shares of the company’s stock valued at $63,359,000 after buying an additional 4,180,362 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Cipher Mining in the 1st quarter worth about $9,316,000. Hedge funds and other 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: Cipher reported that it delivered its initial Black Pearl HPC capacity two months ahead of schedule. The early delivery supports the company’s strategy of expanding beyond bitcoin mining, while management also highlighted a growing data-center pipeline and project-financing efforts. Cipher Digital Q2 Earnings Call Highlights Early HPC Delivery
• Positive Sentiment: Rosenblatt Securities reaffirmed its “Buy” rating, while Chardan Capital previously reiterated its own “Buy” recommendation. These ratings indicate that some analysts continue to see substantial long-term upside in CIFR’s HPC and data-center plans. Rosenblatt Reaffirms Buy Rating
• Neutral Sentiment: JPMorgan maintained an “Overweight” rating but reduced its price target to $22 from $23. Keefe, Bruyette & Woods also lowered its target to $28 from $32 while retaining an “Outperform” rating. The cuts temper near-term expectations, although both targets remain above the current trading level.
• Neutral Sentiment: Large call-option activity suggests some traders are positioning for a rebound, but options flow can also reflect short-term speculation rather than a change in the company’s fundamentals. Large Volume of Call Options
• Negative Sentiment: Investors remain focused on Cipher Mining’s weak quarterly performance: the company reported a larger-than-expected loss and revenue below analyst forecasts. Its negative margins and high debt-to-equity ratio increase concern about profitability and funding needs. Cipher Mining Shares Gap Down Following Weak Earnings
• Negative Sentiment: CIFR is also declining alongside MARA Holdings and TeraWulf as cryptocurrency-mining stocks sell off despite bitcoin trading near $65,000. The sector reaction indicates that quarterly losses and company-specific execution concerns are outweighing support from bitcoin’s price. Crypto Mining Stocks Fall as Q2 Losses Outweigh Bitcoin Strength

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CIFR. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 price target on shares of Cipher Mining in a research note on Wednesday. Sanford C. Bernstein began coverage on shares of Cipher Mining in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 target price for the company. Morgan Stanley set a $43.50 target price on shares of Cipher Mining in a report on Thursday. Chardan Capital reissued a “buy” rating and issued a $32.00 price target on shares of Cipher Mining in a research report on Tuesday. Finally, Needham & Company LLC upped their price target on Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.53.

Insider Buying and Selling at Cipher Mining

In other news, Director Wesley Hastie Williams sold 14,567 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $21.41, for a total transaction of $311,879.47. Following the transaction, the director directly owned 115,409 shares of the company’s stock, valued at $2,470,906.69. This represents a 11.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Cary M. Grossman sold 15,000 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $29.43, for a total value of $441,450.00. Following the transaction, the director directly owned 143,829 shares in the company, valued at $4,232,887.47. The trade was a 9.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,197,167 shares of company stock worth $82,740,496. 3.09% of the stock is owned by corporate insiders.

Cipher Mining Stock Performance

Shares of NASDAQ CIFR opened at $17.18 on Friday. The firm’s 50-day moving average price is $22.95 and its 200-day moving average price is $19.13. Cipher Mining Inc. has a 52-week low of $4.55 and a 52-week high of $30.14. The company has a market cap of $7.13 billion, a PE ratio of -6.01 and a beta of 3.20. The company has a quick ratio of 3.13, a current ratio of 3.00 and a debt-to-equity ratio of 9.69.

Cipher Mining (NASDAQ:CIFR) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.40). The company had revenue of $24.84 million for the quarter, compared to analysts’ expectations of $31.86 million. Cipher Mining had a negative net margin of 585.75% and a negative return on equity of 156.28%. During the same period in the previous year, the firm earned ($0.12) earnings per share. As a group, analysts anticipate that Cipher Mining Inc. will post -0.79 EPS for the current year.

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.