Cipher Mining Q3 EPS Forecast Decreased by HC Wainwright

Cipher Mining Inc. (NASDAQ:CIFR) – Analysts at HC Wainwright dropped their Q3 2026 earnings estimates for shares of Cipher Mining in a report issued on Tuesday, August 4th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings per share of ($0.35) for the quarter, down from their previous forecast of ($0.30). HC Wainwright has a “Buy” rating and a $30.00 price objective 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 Q4 2026 earnings at ($0.16) EPS, FY2026 earnings at ($1.44) EPS, Q1 2027 earnings at ($0.08) EPS, Q2 2027 earnings at ($0.03) EPS, Q3 2027 earnings at ($0.02) EPS and Q4 2027 earnings at $0.01 EPS.

Several other research firms have also recently commented on CIFR. Citigroup reaffirmed a “market outperform” rating on shares of Cipher Mining in a report on Monday. Sanford C. Bernstein started coverage on Cipher Mining in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on Cipher Mining from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Needham & Company LLC raised their target price on Cipher Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Jefferies Financial Group initiated coverage on shares of Cipher Mining in a research note on Thursday, May 14th. They set a “buy” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Cipher Mining currently has an average rating of “Moderate Buy” and an average target price of $28.61.

Cipher Mining Stock Up 5.4%

NASDAQ CIFR opened at $17.21 on Wednesday. Cipher Mining has a twelve month low of $4.67 and a twelve month high of $30.14. The stock has a market cap of $7.14 billion, a PE ratio of -6.02 and a beta of 3.20. The firm has a 50-day simple moving average of $22.61 and a 200 day simple moving average of $19.11. The company has a debt-to-equity ratio of 9.69, a quick ratio of 3.00 and a current ratio of 3.00.

Cipher Mining (NASDAQ:CIFR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.65) earnings per share (EPS) 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 the consensus estimate of $31.86 million. Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%.During the same quarter in the previous year, the firm posted ($0.12) EPS.

Insider Activity

In other news, Director Wesley Hastie Williams sold 14,567 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $21.41, for a total value of $311,879.47. Following the sale, the director directly owned 115,409 shares in the company, valued at approximately $2,470,906.69. This represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James E. Newsome sold 3,758 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $26.60, for a total value of $99,962.80. Following the completion of the transaction, the director directly owned 128,530 shares of the company’s stock, valued at approximately $3,418,898. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,145,825 shares of company stock valued at $81,741,167. 3.09% of the stock is owned by company insiders.

Institutional Trading of Cipher Mining

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Cipher Mining by 43.2% during the fourth quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock worth $482,360,000 after acquiring an additional 9,865,533 shares in the last quarter. Situational Awareness LP boosted its stake in shares of Cipher Mining by 82.4% in the 4th 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. Geode Capital Management LLC boosted its stake in shares of Cipher Mining by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 8,164,226 shares of the company’s stock valued at $120,519,000 after purchasing an additional 558,105 shares in the last quarter. State Street Corp grew its holdings in shares of Cipher Mining by 10.2% in the 4th quarter. State Street Corp now owns 8,078,423 shares of the company’s stock worth $119,238,000 after purchasing an additional 745,030 shares during the last quarter. Finally, Value Aligned Research Advisors LLC grew its holdings in shares of Cipher Mining by 45.9% in the 4th quarter. Value Aligned Research Advisors LLC now owns 7,447,495 shares of the company’s stock worth $109,925,000 after purchasing an additional 2,342,958 shares during the last quarter. 12.26% of the stock is currently owned by institutional investors.

Cipher Mining News Roundup

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

• Positive Sentiment: HC Wainwright maintained a Buy rating and a $30 price target, well above recent trading levels. The firm expects Cipher Mining’s quarterly losses to narrow through 2027, reaching a projected $0.01 per share profit in Q4 2027. Its 2027 quarterly estimates improve from a $0.08 loss in Q1 to a $0.02 loss in Q3.
• Positive Sentiment: The company’s long-term earnings trajectory remains a potential catalyst: HC Wainwright forecasts a 2027 loss of $0.12 per share, implying a transition toward profitability later in the forecast period.
• Neutral Sentiment: Reported short-interest data showed zero shares short both before and after the period measured, producing a zero-day short-interest ratio. The figures do not indicate meaningful short-covering activity and may reflect incomplete data.
• Negative Sentiment: HC Wainwright reduced its Q3 2026 EPS estimate to a $0.35 loss from a $0.30 loss and cut its FY2026 forecast to a $1.44 loss. Northland Securities also lowered its Q3 estimate to a $0.26 loss from $0.11 and its FY2026 estimate to a $1.35 loss from $0.52.
• Negative Sentiment: Both firms lowered their Q4 2026 projections to a $0.16-per-share loss. Northland previously expected a $0.01 loss, while HC Wainwright previously forecast a $0.08 loss. These revisions signal weaker near-term profitability than previously anticipated.
• Negative Sentiment: A recent valuation article said Cipher Mining shares had fallen 5% and remained overvalued according to GuruFocus’s GF Value model, which could limit upside despite the bullish analyst price target. Cipher Digital Inc. Shares Fall — GF Value Says Still Overvalued

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.