Brokers Set Expectations for Cipher Mining FY2026 Earnings

Cipher Mining Inc. (NASDAQ:CIFR) – Investment analysts at HC Wainwright lifted their FY2026 earnings estimates for Cipher Mining in a report issued on Monday, November 2nd. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings of ($1.03) per share for the year, up from their previous estimate of ($1.44). HC Wainwright has a “Buy” rating on the stock. The consensus estimate for Cipher Mining’s current full-year earnings is ($1.39) per share. HC Wainwright also issued estimates for Cipher Mining’s Q4 2026 earnings at ($0.20) EPS, Q1 2027 earnings at ($0.18) EPS, Q2 2027 earnings at ($0.07) EPS, Q3 2027 earnings at ($0.03) EPS, Q4 2027 earnings at $0.02 EPS and FY2027 earnings at ($0.26) EPS.

Cipher Mining (NASDAQ:CIFR) last released its quarterly earnings results on Monday, November 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03. Cipher Mining had a negative net margin of 742.33% and a negative return on equity of 161.74%. The company had revenue of $26.70 million for the quarter, compared to the consensus estimate of $39.31 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Cipher Mining’s revenue was down 62.8% on a year-over-year basis.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a report on Monday, September 21st. Sanford C. Bernstein reduced their price objective on Cipher Mining from $32.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 4th. Cantor Fitzgerald decreased their price objective on Cipher Mining from $19.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 3rd. Wells Fargo & Company decreased their price objective on Cipher Mining from $25.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 3rd. Finally, Keefe, Bruyette & Woods lowered Cipher Mining from an “outperform” rating to a “market perform” rating and set a $9.50 price objective for the company. in a research note on Wednesday, November 4th. Fifteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.38.

Cipher Mining Stock Performance

Shares of NASDAQ:CIFR opened at $6.53 on Wednesday. The firm has a fifty day simple moving average of $12.89 and a two-hundred day simple moving average of $17.36. Cipher Mining has a 52 week low of $5.07 and a 52 week high of $30.14. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 9.10. The stock has a market capitalization of $2.98 billion, a P/E ratio of -2.13 and a beta of 3.53.

Institutional Investors Weigh In On Cipher Mining

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Cipher Mining by 567.1% in the second quarter. Wellington Management Group LLP now owns 3,985,806 shares of the company’s stock valued at $97,652,000 after acquiring an additional 3,388,359 shares during the period. Janus Henderson Group PLC grew its holdings in Cipher Mining by 1.9% during the 1st quarter. Janus Henderson Group PLC now owns 4,373,982 shares of the company’s stock valued at $56,292,000 after purchasing an additional 81,192 shares during the last quarter. Moore Capital Management LP bought a new position in Cipher Mining during the 2nd quarter valued at about $35,077,000. Jennison Associates LLC raised its position in Cipher Mining by 48.7% in the 1st quarter. Jennison Associates LLC now owns 2,519,281 shares of the company’s stock worth $32,423,000 after purchasing an additional 824,618 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Cipher Mining in the 1st quarter worth about $24,486,000. Hedge funds and other institutional investors own 12.26% of the company’s stock.

Trending Headlines about Cipher Mining

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

• Positive Sentiment: Northland Securities raised its FY2026 EPS estimate to a loss of $0.94 from a loss of $1.35, and its Q4 estimate to a loss of $0.11 from a loss of $0.16. HC Wainwright also improved its FY2026 estimate to a loss of $1.03 from a loss of $1.44. Cipher Mining analyst estimates
• Positive Sentiment: HC Wainwright retained its Buy rating and raised its Q4 2027 EPS estimate to $0.02 from $0.01. Jefferies also kept a Buy rating after reducing its price target to $10; Morgan Stanley maintained an Overweight rating with a $27.50 target. Cipher Mining analyst coverage
• Negative Sentiment: HC Wainwright cut its estimates for Q1–Q3 2027 and FY2027, lowering the full-year forecast to a loss of $0.26 per share from a loss of $0.12. It also reduced its Q4 2026 estimate to a loss of $0.20 from a loss of $0.16, signaling weaker projected earnings in those periods. Cipher Mining analyst estimates
• Negative Sentiment: Jefferies lowered its price target from $12 to $10, and Morgan Stanley also reduced its target, to $27.50. Although both firms retained bullish ratings, target cuts can weigh on sentiment. Jefferies price-target cuts

About Cipher Mining

Cipher Mining Inc. is a U.S.-based bitcoin mining company that develops and operates data centers designed to support large-scale mining operations. Its facilities house specialized computing equipment that helps process transactions and secure the Bitcoin network. The company’s operations and development activities are concentrated in the United States, including sites in Texas. Its work includes building and managing mining infrastructure and sourcing the energy and equipment needed to run its facilities.