Update shared on13 Sep 2025
Fair value Increased 2.35%Analysts have raised Cipher Mining’s price target to $7.91—reflecting increased optimism for miners with high-value compute infrastructure following the Core Scientific-CoreWeave deal, which highlights asset re-rating potential and heightened sector interest in high-performance computing opportunities.
Analyst Commentary
- The Core Scientific sale to CoreWeave is seen as a validation of high-value powered land assets for AI compute, with favorable implications for valuations of peer miners like Cipher Mining.
- Bullish analysts view the transaction as a positive signal for the strategic value of mining infrastructure located near major metropolitan areas.
- The deal sets a higher mark-to-market for energized megawatts (MW), suggesting miners pursuing or owning similar infrastructure (including Cipher Mining) could see asset re-rating relative to previous peer multiples.
- Increased investor attention on the sector’s potential for high-performance computing (HPC) diversification is spurring positive sentiment for operators expanding offerings beyond traditional bitcoin mining.
- However, some investors remain cautious due to uncertainty over all-stock transaction values and the risk of acquirer stock underperformance before deal completion, tempering overall sector enthusiasm.
What's in the News
- Cipher Mining reported August BTC production of 241, with 42 BTC sold, 1,414 BTC held, 115,000 deployed rigs, and an operating hash rate of 23.0 EH/s.
- In July, the company produced 214 BTC, sold 52, held 1,219, had 111,5000 deployed rigs, a 20.4 EH/s hash rate, and fleet efficiency of 19.2 J/TH.
- Cipher Mining was dropped from multiple Russell growth and small/micro-cap benchmark indices.
- Black Pearl site commenced active hashing at 2.5 EH/s, targeting 9.6 EH/s upon Phase I completion and increasing total self-mining to 23.1 EH/s.
- Cipher Mining now runs five bitcoin mining data centers and has a 2.6 GW pipeline for future HPC or bitcoin mining uses.
Valuation Changes
Summary of Valuation Changes for Cipher Mining
- The Consensus Analyst Price Target has risen slightly from $7.73 to $7.91.
- The Future P/E for Cipher Mining has risen from 52.20x to 55.23x.
- The Net Profit Margin for Cipher Mining has fallen slightly from 13.09% to 12.66%.
Disclaimer
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