Cifr.O
CIFR.O operates in the blockchain and cryptocurrency industry, providing infrastructure and financial technology solutions for digital asset transactions and management.
Business. CIFR.O operates in the Blockchain & Cryptocurrency industry within the broader Financial Technology (Fintech) & Infrastructure sector. The company generates revenue through a fee-income model, consistent with industry peers such as exchanges and card networks. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data. Consequently, the business is described at the industry level without geographic or segment-specific breakdowns.
Analyst recommendations
16 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ2 2026 earnings (expected)2026-07-28 · estimated
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Cipher Digital Inc (CIFR.O) has entered the analysis scope for the first time, establishing a baseline for monitoring its institutional ownership structure. As this is the initial assessment for the ticker, there is no prior data to compute deltas against, but the current snapshot reveals a shareholder base comprising 33 top holders. The company currently has no reported officers, analyst coverage, or index memberships in the available data, highlighting a focus on its existing equity distribution rather than broader market integration or analyst consensus. The most material development in this initial review is the addition of several notable institutional positions, signaling growing interest from specific investors. The largest recorded addition involves an investor (ID 465) holding 32,680,186 shares as of December 31, 2025, representing a value of approximately $482.36 million and a portfolio weight of roughly 0.007%. This substantial position underscores significant capital allocation toward Cipher Digital in the latter part of 2025. Other notable additions include an investor (ID 466) with 12,306,810 shares valued at $51.07 million as of June 30, 2024, and another (ID 497) holding 1,119,802 shares worth $5.20 million as of December 31, 2024. A smaller position was also recorded for an investor (ID 931) holding 2,733 shares valued at $37,565 as of March 31, 2026. These additions, detected on June 20, 2026, provide a clearer picture of the company's institutional backing across different reporting periods. The significance of these changes lies in the establishment of a foundational ownership profile for Cipher Digital. With 33 top holders and no current analyst coverage or index membership, the company's market perception appears driven primarily by these specific institutional allocations rather than broad market metrics. The presence of large, multi-million dollar positions suggests that key investors are maintaining or initiating exposure to the company, providing a critical reference point for future tracking of shareholder sentiment and capital flows.
Signals & dispatch
Composite-score breakdown
Synthesis
CIFR.O operates in the Blockchain & Cryptocurrency industry within the broader Financial Technology (Fintech) & Infrastructure sector. The company generates revenue through a fee-income model, consistent with industry peers such as exchanges and card networks. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data. Consequently, the business is described at the industry level without geographic or segment-specific breakdowns.
CIFR.O has a market price of $22.68, resulting in a market capitalization of $9.21 billion. The company's price-to-book ratio is 11.43, and its enterprise value to revenue ratio is 50.61, indicating a high valuation relative to its revenue. The company's liquidity position is characterized by a current ratio of 3.79, suggesting it has sufficient short-term assets to cover its short-term liabilities. However, the company's operating cash flow is negative at -$207.94 million, and its free cash flow is also negative at -$1.15 billion, indicating a lack of cash generation from operations.
The company's profitability is weak, with a net loss of $822.24 million and an operating loss of $421.56 million. Its return on equity is -1.02, and its return on assets is -0.19, both significantly below industry norms. The company's debt-to-equity ratio is 3.42, indicating a high level of leverage. This is further supported by the company's long-term debt of $2.76 billion, which is significantly higher than its total equity of $805.53 million.
CIFR.O's revenue is concentrated in a single business segment, as disclosed in its financial statements. The company does not provide detailed geographic revenue breakdowns, but its operations are primarily focused on the United States. The company's exposure to the blockchain and cryptocurrency industry makes it susceptible to regulatory changes and market volatility, which can significantly impact its revenue streams.
The company's growth trajectory is uncertain, with a net loss in the current fiscal year and no clear indication of improvement in the next fiscal year. The company's revenue is expected to remain flat or decline due to the highly competitive and volatile nature of the blockchain and cryptocurrency industry. The company's capital expenditures are negative at -$526.79 million, indicating a reduction in investment in long-term assets.
The company faces several risk factors, including liquidity risk due to its negative operating cash flow and high debt levels. The risk assessment indicates a medium liquidity risk, and the company's net cash position is negative after subtracting total debt. The company's dilution risk is low, but its high debt-to-equity ratio suggests potential for future dilution if the company needs to raise additional capital.
Recent events, including analyst estimates and recommendations, suggest a mixed outlook for the company. The mean price target is $27.76, with a median price target of $27.00. The company has received 13 buy recommendations and 2 strong-buy recommendations, indicating some investor confidence. However, the company's financial performance and high valuation may deter some investors.
Cipher Digital Inc (CIFR.O) has entered the analysis scope for the first time, establishing a baseline for monitoring its institutional ownership structure. As this is the initial assessment for the ticker, there is no prior data to compute deltas against, but the current snapshot reveals a shareholder base comprising 33 top holders. The company currently has no reported officers, analyst coverage, or index memberships in the available data, highlighting a focus on its existing equity distribution rather than broader market integration or analyst consensus. The most material development in this initial review is the addition of several notable institutional positions, signaling growing interest from specific investors. The largest recorded addition involves an investor (ID 465) holding 32,680,186 shares as of December 31, 2025, representing a value of approximately $482.36 million and a portfolio weight of roughly 0.007%. This substantial position underscores significant capital allocation toward Cipher Digital in the latter part of 2025. Other notable additions include an investor (ID 466) with 12,306,810 shares valued at $51.07 million as of June 30, 2024, and another (ID 497) holding 1,119,802 shares worth $5.20 million as of December 31, 2024. A smaller position was also recorded for an investor (ID 931) holding 2,733 shares valued at $37,565 as of March 31, 2026. These additions, detected on June 20, 2026, provide a clearer picture of the company's institutional backing across different reporting periods. The significance of these changes lies in the establishment of a foundational ownership profile for Cipher Digital. With 33 top holders and no current analyst coverage or index membership, the company's market perception appears driven primarily by these specific institutional allocations rather than broad market metrics. The presence of large, multi-million dollar positions suggests that key investors are maintaining or initiating exposure to the company, providing a critical reference point for future tracking of shareholder sentiment and capital flows.
- CIFR.O has a high valuation relative to its revenue, with an enterprise value to revenue ratio of 50.61.
- The company is experiencing significant financial losses, with a net loss of $822.24 million and an operating loss of $421.56 million.
- CIFR.O has a high debt-to-equity ratio of 3.42, indicating a high level of leverage.
- The company's liquidity position is characterized by a current ratio of 3.79, but its operating cash flow is negative at -$207.94 million.
- Analysts have a mixed outlook for the company, with a mean price target of $27.76 and 13 buy recommendations.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,86 |
| Revenue | —no estimate | —no estimate | 266,5M USD |
| Operating income | —no estimate | —no estimate | -145,5M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Chief Financial Officer · Restricted Stock Units → Common StockDisposed 17 108exercise · 2026-06-30
- Co-President and CLO · Restricted Stock Units → Common StockDisposed 33 967exercise · 2026-06-30
- Co-President and CLO · Restricted Stock Units → Common StockDisposed 29 611exercise · 2026-06-30
- Co-President and CLO · Performance Stock Units → Common StockDisposed 76 427exercise · 2026-06-30
- Co-President and COO · Restricted Stock Units → Common StockDisposed 33 967exercise · 2026-06-30
- Co-President and COO · Restricted Stock Units → Common StockDisposed 29 611exercise · 2026-06-30
- Co-President and COO · Performance Stock Units → Common StockDisposed 76 427exercise · 2026-06-30
- Director, Chief Executive Officer · Restricted Stock Units → Common StockDisposed 113 225exercise · 2026-06-30
- Director, Chief Executive Officer · Restricted Stock Units → Common StockDisposed 105 285exercise · 2026-06-30
- Director, Chief Executive Officer · Performance Stock Units → Common StockDisposed 254 756exercise · 2026-06-30
- Director, Chief Executive Officer · Performance Stock Units → Common StockDisposed 1 419 236exercise · 2026-06-22
- Co-President and CLO · Restricted Stock Units → Common StockDisposed 166 667exercise · 2026-06-14
- Director, Chief Executive Officer · Restricted Stock Units → Common StockDisposed 333 334exercise · 2026-06-14
- Co-President and COO · Restricted Stock Units → Common StockDisposed 166 667exercise · 2026-06-14
- 10% owner · Forward sale contract (obligation to sell) → Common StockAcquired 2 000 000other · 2026-06-02
- 10% owner · Forward sale contract (obligation to sell) → Common StockAcquired 4 433 735other · 2026-05-15
- 10% owner · Forward sale contract (obligation to sell) → Common StockAcquired 2 812 863other · 2026-05-13
- 10% owner · Forward sale contract (obligation to sell) → Common StockAcquired 5 675 984other · 2026-05-11
- Co-President and COO · Restricted Stock Units → Common StockDisposed 29 611exercise · 2026-03-31
- Chief Financial Officer · Restricted Stock Units → Common StockDisposed 17 108exercise · 2026-03-31
- Director, Chief Executive Officer · Restricted Stock Units → Common StockDisposed 113 225exercise · 2026-03-31
- Director, Chief Executive Officer · Restricted Stock Units → Common StockDisposed 105 285exercise · 2026-03-31
- Director, Chief Executive Officer · Performance Stock Units → Common StockDisposed 254 756exercise · 2026-03-31
- Co-President and CLO · Restricted Stock Units → Common StockDisposed 33 968exercise · 2026-03-31
- Co-President and CLO · Restricted Stock Units → Common StockDisposed 29 611exercise · 2026-03-31
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- CIFR.O Market data — financials · 2026-05-27
- Cipher Digital Inc Market data — analyst estimates · 2026-05-27
Ownership & reference
Top holders
- Institutional Investor · as of 2026-03-310,03 %$56M
- Investment Managers · as of 2026-03-310,03 %$0M
- Investment Managers · as of 2026-03-310,02 %$32M
- Investment Managers · as of 2026-03-310,01 %$56M
- Investment Managers · as of 2026-03-310,01 %$56M
- Investment Managers · as of 2026-03-310,01 %$10M
- Investment Managers · as of 2025-12-310,01 %$482M
- Investment Managers · as of 2026-03-310,01 %$108M
- Funds · as of 2026-03-310,01 %$42M
- Investment Managers · as of 2026-03-310,01 %$37M
- Investment Managers · as of 2026-03-310,00 %$36M
- Investment Managers · as of 2026-03-310,00 %$34M
- Investment Managers · as of 2026-03-310,00 %$106M
- Investment Managers · as of 2026-03-310,00 %$20M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$46M
- Institutional Investor · as of 2026-03-310,00 %$14M
- Brokerage Firms · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2024-12-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2024-06-300,00 %$51M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Brokerage Firms · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Chief Financial Officer · Common StockOther 6 895 @ $24,50$169K · 2026-06-30
- Co-President and CLO · Common StockOther 29 611 · 2026-06-30
- Co-President and CLO · Common StockOther 76 427 · 2026-06-30
- Co-President and CLO · Common StockOther 16 375 @ $24,50$401K · 2026-06-30
- Co-President and CLO · Common StockOther 18 784 @ $24,50$460K · 2026-06-30
- Director, Chief Executive Officer · Common StockOther 105 285 · 2026-06-30
- Director, Chief Executive Officer · Common StockOther 57 802 @ $24,50$1,4M · 2026-06-30
- Director, Chief Executive Officer · Common StockOther 130 053 @ $24,50$3,2M · 2026-06-30
- Director, Chief Executive Officer · Common StockOther 254 756 · 2026-06-30
- Director, Chief Executive Officer · Common StockOther 113 225 · 2026-06-30
- Director, Chief Executive Officer · Common StockOther 53 748 @ $24,50$1,3M · 2026-06-30
- Co-President and COO · Common StockOther 39 016 @ $24,50$956K · 2026-06-30
- Co-President and COO · Common StockOther 76 427 · 2026-06-30
- Co-President and COO · Common StockOther 15 117 @ $24,50$370K · 2026-06-30
- Co-President and COO · Common StockOther 29 611 · 2026-06-30
- Co-President and COO · Common StockOther 17 341 @ $24,50$425K · 2026-06-30
- Co-President and COO · Common StockOther 33 967 · 2026-06-30
- Co-President and CLO · Common StockOther 42 265 @ $24,50$1,0M · 2026-06-30
- Co-President and CLO · Common StockOther 33 967 · 2026-06-30
- Chief Financial Officer · Common StockOther 17 108 · 2026-06-30
- Director, Chief Executive Officer · Common StockOther 724 520 @ $28,14$20,4M · 2026-06-22
- Director, Chief Executive Officer · Common StockOther 1 419 236 · 2026-06-22
- Director · Common StockSold 15 000 @ $29,43$441K · 2026-06-18
- Director, Chief Executive Officer · Common StockOther 170 168 @ $26,03$4,4M · 2026-06-16
- Co-President and CLO · Common StockOther 92 167 @ $26,03$2,4M · 2026-06-16
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 30.2%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -1,435.7%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -1,435.7%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -1,742.2%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -137.6%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -864.7%Derived (calculated)
- Return on assets (FY 2025-12-31): -19.2%Derived (calculated)
- Return on equity (FY 2025-12-31): -102.1%Derived (calculated)
- Net margin (FY 2025-12-31): -367.2%Derived (calculated)
- Current ratio (FY 2025-12-31): 3.79xDerived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 1,892.0%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 401.7%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 4.29xDerived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 18.1%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 249.8%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 48.0%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 11,149.1%Derived (calculated)
- Total liabilities (annual): USD 3.46BSEC XBRL filing
- Operating cash flow (annual): USD -207.94MSEC XBRL filing
- Total assets (annual): USD 4.29BSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES -2SEC XBRL filing
- Capex (annual): USD 487.92MSEC XBRL filing
- Current assets (annual): USD 2.65BSEC XBRL filing
- Revenue (annual): USD 223.94MSEC XBRL filing