CIPHER DIGITAL INC (CIFR)
Information Technology · Data Center Infrastructure & Cryptocurrency Mining · NASDAQ
Cipher Digital operates bitcoin mining infrastructure while aggressively expanding into high-performance computing data centers to capitalize on growing AI-related demand.
What CIPHER DIGITAL INC does
Cipher Digital is a technology company engaged in bitcoin mining and the development and operation of high-performance computing (HPC) data centers. The company is diversifying its operations by building out infrastructure to support the increasing demand for data center capacity, particularly for AI-driven high-performance computing applications.
Themes: Bitcoin mining, AI infrastructure, High-performance computing (HPC), Data center development, Energy-intensive infrastructure
Fundamentals
- Price$15.77 as of 2026-08-21 close
- Market cap$6.5B as of 2026-08-21
- 1-year return+167.2% 2025-08-21 close $5.90 → 2026-08-21 close $15.77
- P/En/a negative earnings
- Net margin-585.8% as of 2026-08-24
- Gross margin+56.2% as of 2026-08-24
- ROE-156.3% as of 2026-08-24
- Debt / equity9.87 as of 2026-08-24
- Revenue growth (YoY)+20.3% as of 2026-08-24
- Revenue CAGR (3y)+319.3% SEC XBRL
- Beta3.22 as of 2026-08-24
- Last reported earnings2026-08-04 SEC EDGAR Form 8-K (Item 2.02)
How CIFR compares in its sector
- net profit marginbottom 10% 405 covered Information Technology peers, as of 2026-08-24
- operating marginbottom 10% 405 covered Information Technology peers, as of 2026-08-24
- gross marginmiddle range 403 covered Information Technology peers, as of 2026-08-24
- return on equitybottom 10% 405 covered Information Technology peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 386 covered Information Technology peers
- free cash flow (absolute dollars, latest fiscal year)bottom 10% 382 covered Information Technology peers, as of FY2025
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
CIFR is not currently in any published Top 10 list. Its scores are below.
Long-term score
Not scored for the long-term list: no shareholder return data.
Short-term score
40.5 #1377 of 1,704 scored · #205 of 261 in Information Technology
Volume and participation 54th: trading volume is about normal versus its 30-day average; setup 50th: over the past year its closes ranged, and it has retraced a bit over half of its move over the past year — 57% of it; weakest is trend 26th: it is trading 26.7% below its 50-day average, the short-term trend line.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
How CIPHER DIGITAL INC looks technically
CIPHER DIGITAL INC (CIFR) is trading 14.7% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 266 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 13, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 41, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day low, its first since 2026-04-08, breaking below its recent trading range. It is 47.7% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 14.7% below its 200-day average, the long-term trend line — a long-term downtrend | -14.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $21.50 | $21.50 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $18.48 | $18.48 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 11 calendar days ago — the swings before that are what the structure reading is measured on | 11 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that downward direction; the labelling fails if price closes above 17.442. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible downward five-wave sequence, in wave 4 (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 266 trading days ago — a "golden cross", a bullish long-term signal | 266 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 13, below the 25 that marks a real trend) | 13.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 41, neither overbought (above 70) nor oversold (below 30) | 41.2 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($14.89 to $22.39) — its "stochastic" reading is 12 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 11.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 13 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $30.14 | $30.14 |
|---|---|---|
| From the 52-week high | it is 47.7% below its 52-week high (its highest price of the past year) | -47.7% |
| Above the 52-week low | it is 198.0% above its 52-week low (its lowest price of the past year) | +198.0% |
| Below the 52-week high | it is 47.7% below its highest point of the past year | 47.7% |
| Since a 20-day breakout | it just made a new 20-day low, its first since 2026-04-08, breaking below its recent trading range | 1 session |
| Since a 55-day breakout | it just made a new 55-day low, its first since 2026-04-08, breaking below its recent trading range | 1 session |
| All-time high | its highest closing price on record is $30.14 (set on 2026-06-22) | $30.14 |
| Given back of the 52-week move | over the past year its closes ranged ($5.76 to $29.18), and it has given back a bit over half of its rise from last year’s low — 57% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $13.96 to $14.71. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 57.3% |
| From the all-time high | it is 47.7% below its all-time high | -47.7% |
| Nearest price level | it is trading 2.5% below a resistance level at $16.16 — a price it turned at twice since 2026-07-17, most recently on 2026-08-10. Since 2024-08-21 it has 8 such levels below the current price and 6 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +2.5% |
| All-time low | its lowest closing price on record is $0.3818 (set on 2022-12-29) | $0.3818 |
| Above the all-time low | it is 4029.1% above its all-time low | +4,029% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 83% of the past ~6 months) | 83rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $2.34 between its high and its low — about 14.8% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $2.34 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $13.83 and $23.45 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $13.83 – $18.64 – $23.45 |
| Typical daily range (% of price) | its price moves about 14.8% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 14.8% |
| Stretch from the 200-day average | it is trading 1.2 daily ranges below its 200-day average price (14.7% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.2 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.70× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 1.3% since the prior reading | -1.3% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
3
| Since a doji | 8 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 8 sessions ago |
|---|---|---|
| Since a bullish engulfing | 5 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 5 sessions ago |
| Since a bearish engulfing | today it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | today |
Price gaps
3
| Gap at the open | it opened on 2026-08-21 1.8% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +1.8% |
|---|---|---|
| Open gap | it gapped 5.2% below the previous close 3 sessions ago and has not traded back through the level it left behind at 18.5 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -5.2% |
| Gap filled | a 2.5% gap down opened on 2026-08-13 has been "filled" 6 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 6 sessions ago |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 33.5 percentage points (the stock lost 31.1% while the market gained 2.3%) | -33.5% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 29.8 percentage points (the stock lost 26.7% while the market gained 3.1%) | -29.8% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 3.5 percentage points (the stock gained 7.6% while the market gained 11.1%) | -3.5% |
| vs market, 12 months | over the past 12 months this stock beat the market by 146.7 percentage points (the stock gained 167.2% while the market gained 20.5%) | +146.7% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 29% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 6.0% of the share price. | -29.5% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 16% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $18.70 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -15.7% |
|---|---|---|
| Vs the average paid since it last reported | the price is 9% below the average price paid since it last reported on 2026-08-04 (its 10-Q), so the typical buyer over that stretch is under water. That average is $17.41 — a volume-weighted average of daily closes over 14 sessions, not a true tick-by-tick VWAP. | -9.4% |
Price levels it has turned at before
CIFR last closed at $15.77 on 2026-08-21. Since 2024-08-21 it has turned at 8 prices below its last close and 6 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $16.16 | Resistance | 2.5% above the last close | turned there twice · 2026-07-17 to 2026-08-10 |
| $16.57 | Resistance | 5.1% above the last close | turned there twice · 2026-03-25 to 2026-04-28 |
| $17.34 | Resistance | 10.0% above the last close | turned there twice · 2025-12-22 to 2026-07-29 |
| $13.06 | Support | 17.2% below the last close | turned there twice · 2025-11-21 to 2026-03-12 |
| $7.72 | Support | 51.0% below the last close | turned there twice · 2024-11-11 to 2024-12-16 |
| $6.43 | Support | 59.2% below the last close | turned there three times · 2025-01-24 to 2025-02-21 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes above $17.44.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
On past moves of this shape the leg has usually ended somewhere between $17.44 and $18.33 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
This reading has stood for 1 trading day, since 2026-08-21.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Broke down to a new 20-day low · trendless / choppy (low ADX) · Analyst price target recently CUT · Printed a bearish engulfing pair | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.29 mean, 1=Strong Buy…5=Strong Sell) — 17 analysts
- Mean price target$32.18 range $22.00 – $69.00; median $30.00
Analyst estimates, as of 2026-08-19. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for CIFR
- Consensus EPS estimate-$0.18 next reporting period, as of 2026-08-19
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["High dependence on the volatile bitcoin price and demand for HPC data center capacity.","Significant capital expenditure requirements and potential difficulties in securing financing for data center construction.","Operational risks related to power procurement, energy intensity, and concentration of facilities in Texas."]
What changed in the latest 10-Q
AI-assisted comparison of CIFR's 10-Q filed 2026-05-05 against the prior one filed 2025-11-03.
Management's Discussion & Analysis (MD&A)
- Added:
- Company name changed to 'Cipher Digital Inc.' on February 20, 2026 (newer filing)
- Data center portfolio expanded to approximately 4.2 GW across 10 sites (newer) vs. 4.0 GW across 12 sites (older)
- Currently developing 700 MW of HPC data center facilities across three sites (newer)
- Currently operates approximately 207 MW at one bitcoin mining data center in Texas (newer)
- Pipeline of approximately 3.3 GW across six sites in Texas and one in Ohio (newer)
- Third data center campus lease executed on March 25, 2026 with investment-grade Hyperscale tenant (newer)
- Revolving credit facility of up to $200 million with $50 million accordion option entered on March 25, 2026, maturing March 2030 (newer)
- Expanded office space lease in New York, New York for eleven years entered on April 17, 2026 (newer)
- Bitcoin inventory table shows Q1 2026 data: 1,116 BTC ending balance, $76,150 thousand value (newer)
- Reference to 'Cipher Digital' branding and HPC-focused strategy emphasis (newer)
- Removed:
- Description of two wholly-owned bitcoin mining data centers (Odessa and Black Pearl) with specific operational details removed from Overview (older explicitly mentioned 207 MW Odessa + 300 MW Black Pearl with 150 MW operational)
- Equity investments in three partially-owned 40 MW bitcoin mining data centers removed (older)
- Barber Lake Facility near Colorado City, Texas construction description removed (older mentioned under development)
- Fluidstack Lease details for Barber Lake Facility (168 MW, 10-year term, September 2026 completion target) removed (older)
- Colchis Site Acquisition details (1-GW site, AEP Direct Connect Agreement, 2028 energization target) removed (older)
- Amazon Web Services Lease details (300 MW capacity, two phases beginning July 2026) removed (older)
- Shareholder approval to increase authorized shares from 500M to 1B shares removed (older from October 30, 2025)
- Reference to 2024 Form 10-K removed, replaced with 2025 Form 10-K reference (newer)
- Nine-month bitcoin inventory table (September 30, 2025) with detailed transaction history removed (older)
- Results of Operations table with comparative Q3 and nine-month 2025 vs 2024 data removed (older)
- Reworded:
- Company name identifier changed from 'Cipher Mining Inc.' to 'Cipher Digital Inc.' in opening references
- Overview emphasis shifted from 'develop, own and operate industrial-scale digital infrastructure' to 'dedicated to developing and operating industrial-scale data centers engineered for next-generation computing'
- Strategic focus clarified: 'increasingly emphasizes development of industrial-scale data centers...leased to hyperscalers' vs. older emphasis on both HPC and bitcoin mining applications
- Bitcoin mining described as 'interim or complementary use of power' (newer) vs. integrated application in older version
- Portfolio capacity metric changed from '4.0 GW across 12 sites' to '4.2 GW across 10 sites'
- Pipeline capacity changed from '3.2 GW' to '3.3 GW'
- Factory-built construction achievement changed: older cited 'five sites totaling 477 MW completed on time', newer focuses on executing HPC leases and future development
- Rebranding rationale added: 'aligns with corporate strategy to scale into a leading HPC data center developer and operator' (newer section on name change)
- Revenue description: moved from describing bitcoin mining as current revenue source to maintaining bitcoin mining at specific sites while emphasizing HPC leases as primary strategy
- Notes:
- The older filing covers nine months ended September 30, 2025, while the newer covers three months ended March 31, 2026, representing different reporting periods
- The newer filing text appears truncated mid-sentence in the 'Components of Our Results of Operations—Revenue' section, preventing full comparison of that subsection
- The older filing includes detailed Results of Operations tables and financial comparisons that are not present in the newer filing excerpt provided, making direct financial metric comparison incomplete
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 9 open-market sales by insiders in the last 90 days.
- Last 90 days0 buys · 9 sells ($84M) — 4 selling insiders
- Last 180 days0 buys · 14 sells ($86M) — 6 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-07-09. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about CIFR's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding CIFR as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 54,491,086
- Reported value $701,300,277
reported quarterly holdings change (2025-12-31 → 2026-03-31): 1 new, 3 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
CIFR had 55,637,694 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
CIFR had 13.4% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1.89 days to cover at the same settlement.
- Reported short interest (shares) 55,637,694
- Short interest (% of shares outstanding) 13.4%
- Prior settlement (shares) 56,099,030
- Reported change -0.82%
- Days to cover (reported) 1.89
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Marathon Digital Holdings (MARA)
- Riot Platforms (RIOT)
- Core Scientific (CORZ)
- CleanSpark (CLSK)
- Iris Energy (IREN)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does CIPHER DIGITAL INC (CIFR) do?
Cipher Digital is a technology company engaged in bitcoin mining and the development and operation of high-performance computing (HPC) data centers. The company is diversifying its operations by building out infrastructure to support the increasing demand for data center capacity, particularly for AI-driven high-performance computing applications.
What sector is CIPHER DIGITAL INC (CIFR) in?
CIPHER DIGITAL INC (CIFR) is classified in the Information Technology sector. Its industry is Data Center Infrastructure & Cryptocurrency Mining. It trades on NASDAQ.
Who are CIPHER DIGITAL INC's (CIFR) competitors?
Notable peers of CIPHER DIGITAL INC (CIFR) include Marathon Digital Holdings, Riot Platforms, Core Scientific, CleanSpark and Iris Energy. This peer set is informational only — not financial advice.
Is CIPHER DIGITAL INC (CIFR) overbought or oversold right now?
CIPHER DIGITAL INC (CIFR) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 41, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on CIFR come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.