
Cipher Mining (CIFR) Stock Forecast & Price Target
Cipher Mining (CIFR) Analyst Ratings
Bulls say
Cipher Mining Inc. demonstrated significant revenue growth in 4Q24, with reported figures rising by 75% quarter-over-quarter to $42.2 million, driven by increased Bitcoin production which reached 492 BTC, a 24% increase from the previous quarter. The company's strategic upgrades at its Odessa site led to a substantial rise in deployed hash rate, reaching 13.5 EH/s, marking a 45% quarter-over-quarter gain, and bolstering overall production capacity. Additionally, Cipher's growing portfolio of new sites, along with favorable institutional interest highlighted by a recent Softbank investment, supports a positive outlook for its future operational scaling and financial performance.
Bears say
Cipher Mining Inc. reported a GAAP net loss of $44.6 million for the year, indicating a deterioration from the previous year's loss of $25.8 million, alongside a decline in adjusted EPS, which fell to $0.14 per share from $0.25 in 2023. The company's revenue forecast for 2025 has been revised downward to $279.7 million due to lower expected Bitcoin prices, which is associated with an anticipated EPS loss of $0.25, an increase from the previous estimate of $0.17. Concerns regarding hardware efficiency, potential delays in site expansions, and the risk of a prolonged downturn in Bitcoin prices contribute to Cipher Mining's negative financial outlook and increased challenges in maintaining liquidity and growth.
This aggregate rating is based on analysts' research of Cipher Mining and is not a guaranteed prediction by Public.com or investment advice.
Cipher Mining (CIFR) Analyst Forecast & Price Prediction
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