Cipher Mining Surges to 235th in Daily Rankings with $487 Million Trading Volume

On July 22, 2025, Cipher Mining (CIFR) saw a significant surge in trading volume, with a total turnover of $487 million, marking a 178.45% increase from the previous day. This substantial rise in trading activity placed Cipher Mining at the 235th position in the daily stock market rankings. The stock price of Cipher Mining (CIFR) increased by 11.04%.

Jones Trading has initiated coverage on Cipher Mining (CIFR) with a hold recommendation. Analyst Stephen Giagola provided the initial assessment, highlighting the company's potential in the bitcoin mining sector.

Cipher Mining Inc. announced that Phase I of its Black Pearl project has achieved a self-mining capacity of approximately 3.4 EH/s, surpassing the company's previous guidance of 2.5 EH/s for the second quarter of 2025. The management expects the hashrate to continue growing through the third quarter of 2025, with new mining rigs being delivered in scheduled batches to replace legacy units. The company's total self-mining hashrate has reached around 16.8 EH/s, with expectations to scale to approximately 23.1 EH/s upon completion of the installation. In June, Cipher Mining produced approximately 1,601 bitcoins and ended the month with a balance of around 1,063 bitcoins after selling approximately 58 bitcoins as part of its regular treasury management process.