- In May 2025, Cipher Mining (CIFR, Financial) significantly advanced its bitcoin production capabilities.
- Analysts project a potential upside of 78.42% for Cipher Mining's stock, with a consensus rating of "Outperform".
- Ongoing developments promise to substantially enhance Cipher's operational capacity by July.
Cipher Mining Inc. (CIFR) has announced a notable achievement in its operational milestones. In May 2025, the company successfully produced 179 bitcoins, bolstered by the deployment of approximately 75,000 mining rigs. This strategic expansion has propelled Cipher's current hashrate to an impressive 13.5 EH/s. Furthermore, the ongoing development of the Black Pearl Phase I is on track, anticipated to elevate the total hashrate to around 23.1 EH/s by July, promising significant growth prospects for investors.
Wall Street Analysts Forecast
According to insights from 11 financial analysts, Cipher Mining Inc (CIFR) is positioned for a robust increase in its stock value. The analysts have set a one-year average price target at $6.67, with projections varying between a high estimate of $9.00 and a low of $4.00. This average target presents a substantial upside potential of 78.42% from the current trading price of $3.74. Investors looking for detailed projections can access additional data on the Cipher Mining Inc Forecast page on GuruFocus.
Moreover, Cipher Mining Inc (CIFR, Financial) holds a favorable outlook based on consensus recommendations from 11 brokerage firms. The current average brokerage recommendation stands at 1.9, denoting an "Outperform" rating. This is a positive indicator for potential investors, on a scale where 1 equates to a Strong Buy and 5 indicates a Sell.
