CIFR · NASDAQ · STOCK
Cipher Mining (CIFR) Stock Analysis
$13.53
52W $11.72 – $30.14
43/100
$5.53B
-4.7
3.21
Is CIFR Bullish or Bearish?
Mixed.
Innellis AI committee rates Cipher Mining Inc. (CIFR) Watch with a composite score of 43/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +17.01 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -2.99 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary concern is sector concentration is already high (hhi 2796.97). Risks outweigh the opportunity at current levels.
Bull & Bear Case
Bull Case
Insufficient data for bull case.
Bear Case
- Price-to-book of 7.2x prices in significant intangible value — Value
- ROE of only -156.3% -- cheap may mean cheap for a reason — Value
- Debt-to-equity of 3.42 adds balance-sheet risk to the value case — Value
- 4 consecutive earnings misses -- execution concerns — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
43/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 100%
of 287 Technology peers
Value Analyst
bearish
32
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− Price-to-book of 7.2x prices in significant intangible value
Growth Analyst
bearish
40
/ 100 · High confidence
Growth story is weak, decelerating, or inconsistent
− 4 consecutive earnings misses -- execution concerns
Technical Analyst
bearish
31
/ 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− Price structure making lower highs and lower lows
Risk Analyst
bearish
32
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 3.42) amplifies downside in a stress scenario
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 44.1 to 43.0.
- New bearish signals: 2 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- Bearish pressure eased: 3 signal(s) disappeared.
- Analyst(s) changed stance: News Analyst.
Analyst-level changes:
- News Analyst: stance bullish->neutral; score 64->58 (-6).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
20.7
Oversold
MACD Histogram
-0.351
Bearish Momentum
Trend Direction
Downtrend
Weekly: Uptrend
Market Structure
Lh Ll
Support
$13.10
Resistance
$19.70
Bollinger %B
0.07
Inside Bands
Price vs Moving Averages
EMA 9
$15.01
Below
EMA 21
$15.95
Below
EMA 50
$17.18
Below
EMA 200
$17.53
Below
Fundamental Analysis
Valuation
67
Growth
6
Profitability
0
Financial Health
50
Cash Flow
15
Valuation
P/E Ratio
-4.7×
P/B Ratio
9.85×
PEG Ratio
0.00
Dividend Yield
0.00%
52W High
$30.14
52W Low
$11.72
Quality & Growth
ROE
-10207.4%
ROA
-1915.8%
Gross Margin
-1998.7%
Operating Margin
-20294.9%
Revenue Growth YoY
—
Debt / Equity
9.94
AI Fundamental Assessment
P/E ratio of -4.7 (inexpensive relative to a 15-40x range); Price-to-book of 9.8x; PEG ratio of 0.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -102.1%; Return on assets of -19.2%; Net margin of -585.8%; Gross margin of -20.0%; Current ratio of 3.00 (healthy short-term liquidity); Debt-to-equity of 9.94; Free cash flow per share is negative (-3.65); Most recent quarter missed estimates by 172.2%; 4 consecutive earnings misses; EPS growth decelerating (+24.3% -> -132.1% QoQ); Analyst estimates falling over recent quarters
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