The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
| Factor | Score | Distribution | Value | Avg | Verdict |
|---|---|---|---|---|---|
Valuation | 59 | — | 20.3x | Near average | |
Growth | 50 | 38.0% | 5.6% | Near average | |
Quality | 30 | -27.3% | 7.6% | Below average | |
Safety | 42 | -6.6x | 0.4x | Near average | |
Capital Return | 20 | — | 2.15% | Below average | |
Momentum | 86 | — | — | Above average | |
Sentiment | 24 | — | — | Below average |
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Cipher Mining Inc. (NASDAQ: CIFR), which also operates commercially under the name Cipher Digital, is a vertically integrated developer and operator of hyperscale data center infrastructure dedicated to high-performance computing (HPC) and bitcoin mining. The company's current strategy focuses on transforming its business model from a pure-play bitcoin mining startup into an institutionally backed digital infrastructure platform supported by long-term, cash-flow-secured leases with investment-grade tenants, leveraging its in-house capabilities in power procurement, engineering, and construction management.
In the first quarter of fiscal year 2026, the company generated revenue of $34.8 million, representing a decline compared to fourth-quarter 2025 revenue of $223.9 million, which was driven by the planned phased shutdown of bitcoin mining operations at the Black Pearl site to convert it into an HPC data center. Gross profit for the first quarter was $17.1 million, while the company recorded a GAAP net loss of $114.3 million (or -$0.28 per share), compared to a net loss of $822.2 million in the fourth quarter of 2025. The company's operational and contracted portfolio currently spans 907 MW, supported by three anchor data center leases.
Cipher Mining stock is currently trading at $22.45, which is significantly below the average Wall Street analyst price target of $31.9, with estimates ranging from a low of $22 to a high of $48.5. The analyst consensus clearly leans toward a Buy recommendation, indicating a positive valuation gap in favor of the stock compared to its current market capitalization of $9.2 billion.
The company successfully signed three long-term leases for its data center campuses within just 8 months. This includes a lease at the 300 MW Barber Lake site with FluidStack and Google, a lease at the 300 MW Black Pearl site with Amazon Web Services (AWS), and a new third 100 MW lease with an investment-grade government/institutional tenant for a 15-year term.
Cipher Mining relies on a project-level non-recourse financing structure to isolate construction risks. The company issued $1.7 billion in secured notes at 7.125% for the Barber Lake site, $2 billion in secured notes at 6.125% for the Black Pearl site, and holds $715 million in unrestricted cash alongside an undrawn $200 million revolving credit facility.
The company intends to fully wind down its bitcoin mining operations by the end of July 2027 at the latest, having already ceased mining at the Black Pearl site in February 2026 to begin conversion work. Current mining operations are limited to the cash-flow-positive Odessa site, and the company will not allocate any further capital expenditure to this segment, planning instead to gradually monetize its $76 million bitcoin inventory during 2026.
Automated analysis for informational purposes only — not investment advice.
The Reveille and Ulysses sites are the most advanced in the pre-contract phase as they are fully approved for grid interconnection. The Reveille site is located in Cotulla, Texas, with a capacity of 70 MW and a target online date in the third quarter of 2027, while the Ulysses site is located in southeastern Ohio with a capacity of 200 MW and a target online date in the fourth quarter of 2027, with the company currently in advanced discussions with prospective tenants for both sites.