How to Buy Cipher Mining Stock
Cipher Mining Inc
Cipher Mining Inc. , a technology company, operates in the bitcoin mining ecosystem in the United States.
Cipher Mining stock last closed at $2.34, down 1.27% from the previous day, and has decreased 48.68% in one year. It has underperformed other stocks in the Capital Markets industry by 0.6 percentage points. Cipher Mining stock is currently +25.81% from its 52-week low of $1.86, and -70.71% from its 52-week high of $7.99.
There are currently 361.53M CIFR shares outstanding. The market cap of CIFR is $845.98M. In the last 24 hours, 8.68M CIFR shares were traded.
How to Buy Cipher Mining Stock
Wondering how to invest in Cipher Mining stock? Here's how.
- Choose where to buy Cipher Mining stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Cipher Mining stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Select your payment method and add your information.
- Research Cipher Mining stock: The Cipher Mining ticker symbol is CIFR. Is Cipher Mining stock a good investment? Should you buy shares of CIFR? How do CIFR's underlying business fundamentals look? Do top analysts think Cipher Mining is a good buy? Why has CIFR's stock price moved recently? (Hint: Our stock market research website can help you evaluate if CIFR is a good stock to buy).
- Place your CIFR purchase: Decide if you will purchase CIFR shares at the current market price or use a limit order to purchase CIFR stock at a particular price.
- Get updates on your CIFR investment: Create a watchlist to the latest updates on your position in Cipher Mining shares.
Step 1: Choose where to buy Cipher Mining stock
You will need an online brokerage account to access the NASDAQ market and buy CIFR shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you can invest in CIFR stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit money your brokerage account
Now that you have opened your account on our top ranked stock trading app, you need to deposit funds:
Watch this video walkthrough to see the process of depositing funds into your new brokerage account.
Step 4: Research Cipher Mining stock
After you have chosen the best place to buy Cipher Mining stock, it's very important to research their stock before you invest, so you truly understand the risk as well as the opportunity.
Cipher Mining stock at a glance
CIFR Overview
WallStreetZen was created to help part-time investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on CIFR's stock page.
Is CIFR stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge CIFR's fair value.
Using relative valuations measures:
- CIFR may be undervalued based on its P/B ratio of 1.24x, relative to Capital Markets industry P/B ratio of 1.92x
You can do additional valuation research on CIFR's stock here.
CIFR Financial Overview
Signs that CIFR is financially healthy:
- There are more short-term assets than long-term liabilities on the CIFR balance sheet.
- There are more short-term assets than short-term liabilities on the CIFR balance sheet.
- CIFR has a low debt to equity ratio of 0.25.
Signs that CIFR is not financially healthy:
- CIFR has $144.28M in cash and short term investments. This is not enough to cover its annual cash burn of $391.39M.
- CIFR has cash burn of 391387000. It does not have sufficient cash and short-term investments to cover this.
- CIFR profit margin has gone down from -20.3% to -29.5% in the past year.
Is it a good time to buy CIFR stock, according to analysts?
Out of 9 Wall Street analysts who give ratings on CIFR, the consensus analyst rating on Cipher Mining is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest CIFR Analyst Upgrades/Downgrades
Reginald Smith, a bottom 9% analyst from JP Morgan upgrades CIFR to a strong buy rating and announces their CIFR price target of $8.00, on Dec 10, 2024.
Mike Grondahl, a bottom 3% analyst from Northland Securities maintains CIFR with a buy rating and raises their CIFR price target from $6.00 to $8.50, on Dec 4, 2024.
Gregory Lewis, a top 8% analyst from BTIG maintains CIFR with a strong buy rating and raises their CIFR price target from $6.00 to $9.00, on Nov 15, 2024.
BTIG's Gregory Lewis raised their price target on Cipher Mining (NASDAQ: CIFR) by 50% from $6 to $9 on 2024/11/15. The analyst maintained their Strong Buy rating on the stock.
Lewis said they hiked their price target on Cipher Mining because of the positive impact of Bitcoin approaching $100K, noting that "even higher-cost producers are generating positive mining margins at that price."
Paul Golding, a bottom 8% analyst from Macquarie maintains CIFR with a buy rating and raises their CIFR price target from $6.00 to $7.25, on Nov 7, 2024.
You can dig deeper into what analysts are projecting on the Cipher Mining stock forecast page.
Metrics for Advanced CIFR Traders
CIFR Growth Numbers
Last year, CIFR revenue was $151.27M. In the past two year, CIFR's revenue has increased by 605.76% per year. This was faster than the Capital Markets industry average of 18.58%.
Learn more about CIFR's earnings and revenue performance here.
Are CIFR insiders buying or selling the stock?
Over the past 12 months, executives and large shareholders at CIFR have sold more shares than they have bought.
Edward J. Farrell, Chief Financial Officer of CIFR, was the latest CIFR insider to sell. They sold $21,907.50 worth of CIFR stock on Mar 31, 2025.
Get more info about who owns CIFR stock here.
Can I rely on CIFR as an income stream?
No, Cipher Mining doesn't provide an income stream by paying out dividends.
CIFR Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your CIFR purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you require more assistance buying stocks on eToro, click the how to video below:
Step 6: Get updates on your CIFR investment
Now that you own some CIFR stock, you'll want to keep up with your new investment.
Start a watchlist to get notified of the latest news about your CIFR stock.
CIFR Feed
How to Buy Stock in Cipher Mining
To summarize, here are the 6 steps for buying Cipher Mining stock:
- Choose where to buy Cipher Mining stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Cipher Mining stock
- Place your CIFR purchase
- Get updates on your CIFR investment
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your new investment in Cipher Mining, create a watchlist on WallStreetZen today.
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