Cipher Digital Inc., together with its subsidiaries, develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States. It develops HPC data center facilities across various sites for hyperscaler tenants; operates power at one bitcoin mining data center; and maintains a pipeline across various sites. The company was formerly known as Cipher Mining Inc. and change its name to Cipher Digital Inc. in February 2026. The company was founded in 2021 and is headquartered in New York, New York.
Future Prospects | Analysts maintain positive outlook with price targets ranging from $6 to $8, as CIFR navigates sector challenges and leverages its substantial power pipeline for growth. |
Financial Fortification | Delve into CIFR's strengthened financial position, bolstered by a $50 million investment from SoftBank and a healthy balance sheet, despite market volatility. |
Strategic Expansion | Explore Cipher Mining's growth trajectory through the development of its Black Pearl site and strategic pivot towards AI and High-Performance Computing applications. |
Mining Momentum | Cipher Mining's operational stability and low power costs position it as a formidable player in the Bitcoin mining industry, with consistent daily output and efficient operations. |

Metrics to compare | CIFR | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipCIFRPeersSector | |
|---|---|---|---|---|
P/E Ratio | −8.9x | −4.9x | 12.9x | |
PEG Ratio | 0.01 | 0.02 | 0.01 | |
Price / Book | 9.1x | 2.1x | 2.4x | |
Price / LTM Sales | 32.6x | 4.4x | 2.4x | |
Upside (Analyst Target) | 46.7% | 135.3% | 25.5% | |
Fair Value Upside | Unlock | 9.1% | 2.4% | Unlock |