Cipher Mining Receives Hold Rating from JonesResearch; Analysts Predict $6.98 Average Target Price

Cipher Mining (CIFR) received a Hold rating from JonesResearch, advising investors to maintain current positions. The firm's average target price is $6.98, with an upside of 6.98% from the current price of $6.52. Cipher Mining reported a 16% increase in revenue for Q1 2025, reaching $49 million, driven by higher bitcoin production and prices. However, the company reported a GAAP net loss of $39 million, impacted by a $20 million unrealized loss on bitcoin holdings.

Title: Cipher Mining (CIFR) Secures Major Bitcoin Mining Equipment Order from Canaan Inc.

Cipher Mining Inc. (CIFR), a leading player in the Bitcoin mining sector, has secured a significant order from Canaan Inc. (NASDAQ: CAN) for 6,840 Avalon A15Pro miners. The miners, scheduled for delivery in the third quarter of 2025, will be produced at Canaan's facilities in the United States and Malaysia. This strategic move underscores Cipher Mining's commitment to addressing tariff challenges and enhancing its operational capacity.

The Avalon A15Pro miners, renowned for their performance, deliver an average hash rate of 221 terahashes per second (TH/s) and a power efficiency of 16.6 joules per terahash (J/TH). This order marks Cipher Mining's fourth procurement from Canaan, reflecting a robust partnership focused on reliable high-performance mining solutions [1].

Cipher Mining's recent financial performance has been mixed. The company reported a 16% increase in revenue for Q1 2025, reaching $49 million, driven by higher bitcoin production and prices. However, the company reported a GAAP net loss of $39 million, largely due to a $20 million unrealized loss on bitcoin holdings [2].

Investors should note that Cipher Mining closed the most recent trading day at $6.42, moving +2.39% from the previous session. The stock exceeded the S&P 500, which registered a gain of 0.54% for the day. Cipher Mining's shares have witnessed a gain of 64.57% over the previous month, outperforming the Business Services sector and the S&P 500 [2].

Analysts expect Cipher Mining to post earnings of -$0.12 per share for the upcoming earnings release on August 7, 2025, representing a year-over-year decline of 140%. For the full year, the Zacks Consensus Estimates project earnings of -$0.35 per share and revenue of $260.21 million, changes of -150% and +72.01%, respectively, from the prior year [2].

Cipher Mining's stock is currently rated as a "Buy" by Zacks Investment Research, with an average target price of $6.98, suggesting an upside of 6.98% from the current price of $6.52. JonesResearch, however, advises investors to maintain current positions, with an average target price of $6.98 [3].

Investors interested in the Bitcoin mining sector can consider the WGMI ETF, an actively managed exchange-traded fund available through Nasdaq that invests in public companies in the Bitcoin mining industry. The ETF provides targeted exposure to the sector without direct investment in Bitcoin, aligning with traditional investment strategies while exploring new industry growth [3].

References:
[1] https://www.gurufocus.com/news/2985961/canaan-inc-to-produce-a15pro-miners-for-cipher-mining-can-stock-news
[2] https://finance.yahoo.com/news/why-cipher-mining-inc-cifr-220003628.html
[3] https://coinshares.com/us/etf/wgmi/