Cipher Mining (CIFR) Shares Fall 8.7% Amidst Operational Update Expectations

Cipher Mining Inc. (CIFR) shares fell 8.75% to $7.40 as investors awaited its monthly operational update. The company mined 241 Bitcoins in August, up 12.6% from July, and operated at an operating hash rate of ~23 EH/s. Its newly commissioned Black Pearl Phase I accounted for approximately 39% of its total Bitcoin mined.

Cipher Mining Inc. (CIFR) shares fell 8.75% to $7.40 on September 2, 2025, as investors awaited its monthly operational update. The company mined 241 Bitcoins in August, marking a 12.6% increase from July. The company's operating hash rate stood at approximately 23 EH/s, with its newly commissioned Black Pearl Phase I accounting for about 39% of the total Bitcoin mined.

According to the company's August production update, Cipher Mining mined approximately 241 Bitcoins, up from 213 Bitcoins in July [1]. The Black Pearl Phase I facility, which is the first 150 MW of the planned 300 MW site, contributed significantly to the company's production. The facility is steadily increasing its production as new mining equipment arrives [2].

Cipher Mining sold 42 Bitcoins as part of its treasury management, ending August with a balance of 1,414 Bitcoins. The company's deployed mining fleet consisted of 115,000 rigs with a month-end operating hashrate of 23.0 EH/s and a fleet efficiency of 17.3 J/TH. The company's EBITDA for the last twelve months was $42.32 million, and revenue was $158.85 million [1].

The company's stock has surged over 172% in the past year, and it is currently valued at $2.89 billion. Analysts expect positive net income growth for the company this year [1]. Despite the positive outlook, the company's second-quarter earnings for 2025 did not meet market expectations. The company posted an earnings per share (EPS) of -$0.12, falling short of the forecasted -$0.0776. Revenue was reported at $43.57 million, below the anticipated $51.18 million according to market estimates [1].

The company maintains strong operational metrics and has all rig deliveries on schedule. It expects Black Pearl Phase I to reach approximately 10 EH/s by the end of the third quarter, bringing the company's total self-mining hashrate to approximately 23.5 EH/s [2].

Investors should carefully consider the company's forward-looking statements, which are subject to risks and uncertainties. These statements are based on estimates and assumptions that, while considered reasonable by the company, are inherently uncertain and could cause actual results to differ materially from those expressed or implied by such forward-looking statements [2].

References:
[1] Investing.com. (2025). Cipher Mining Inc. Reports 241 Bitcoin Mined in August 2025. Retrieved from https://www.investing.com/news/company-news/cipher-mining-reports-241-bitcoin-mined-in-august-2025-93CH-4225393
[2] GlobeNewswire. (2025). Cipher Mining Announces August 2025 Operational Update. Retrieved from https://www.globenewswire.com/news-release/2025/09/04/3144967/0/en/Cipher-Mining-Announces-August-2025-Operational-Update.html