
Cipher Mining (CIFR) Stock Forecast & Price Target
Cipher Mining (CIFR) Analyst Ratings
Bulls say
Cipher Mining Inc. demonstrated significant financial growth in the fourth quarter, with revenues increasing by 75% quarter-over-quarter to $42.2 million, driven by higher Bitcoin production, which rose from 396 BTC in the third quarter to 492 BTC in the fourth quarter. This growth was supported by a substantial enhancement of the company's hash rate, which surged 45% to 13.5 EH/s, primarily due to fleet upgrades, and a successful joint venture that contributed an additional 93 BTC, reflecting a 24% increase quarter-over-quarter. Moreover, Cipher Mining's transition to more efficient mining technology and recent investments, including notable backing from SoftBank, position the company favorably for future growth as it plans to scale its hash rate to an estimated 23 EH/s by 2025.
Bears say
Cipher Mining Inc. is experiencing a downturn in its financial performance, evidenced by an increase in GAAP net losses to -$44.6 million, which represents a decline in earnings per share (EPS) from $(0.10) to $(0.14) year-over-year. The company's revenue estimates for 2025 have been modestly adjusted downwards to $279.7 million due to anticipated lower Bitcoin prices, which is further expected to lead to a projected EPS loss of $0.25, reflecting worsening profitability forecasts. Additionally, concerns about hardware efficiency and potential setbacks in site expansions could significantly impact Cipher Mining's growth prospects and market position amidst a challenging Bitcoin market environment.
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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