- Cipher Mining Inc. (CIFR, Financial) achieves notable production growth, generating 602 Bitcoin in Q1 2025.
- Revenue surges at Odessa data center, marking a strong start for the year.
- Analysts project a significant upside for CIFR stock with an "Outperform" rating.
Cipher Mining Inc. (CIFR) demonstrated a positive start to 2025 by producing 602 Bitcoin in the first quarter, reflecting a 3% increase compared to the previous quarter. The Odessa data center was a major contributor, with revenue climbing to $49 million, representing a 16% growth from Q4 2024. Despite facing a $20 million mark-to-market loss due to fluctuations in Bitcoin holdings, the company maintains a positive outlook, targeting a substantial self-mining hash rate of 23.1 exahash per second by the third quarter of 2025.
Wall Street Analysts Forecast
According to insights from 11 Wall Street analysts, Cipher Mining Inc (CIFR, Financial) boasts a promising average one-year price target of $7.24, with projections reaching as high as $9.00 and as low as $4.00. This average target suggests a potential upside of 136.63% from the current stock price of $3.06. For more comprehensive forecast data, explore our Cipher Mining Inc (CIFR) Forecast page.
The consensus from 11 brokerage firms assigns Cipher Mining Inc (CIFR, Financial) an average brokerage recommendation score of 1.9, categorizing it as "Outperform." On a scale where 1 indicates a Strong Buy and 5 signifies a Sell, this rating highlights the stock's favorable standing in the eyes of analysts.
