CIFRW (Cipher Mining) Construction In Progress: $922.22 Mil (As of Mar. 2026)


CIFRW Cipher Mining Inc CIFRW
37 GF Score
Price $4.09
! 6 Warning Signs
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What is Cipher Mining Construction In Progress?

Cipher Mining CIFRW -4.88% 37 Construction In Progress is $922.22 Mil as of Mar. 2026. GuruFocus rates CIFRW with a GF Score™ of 37/100. The stock has 6 warning signs investors should review.

Cipher Mining's quarterly construction in progress increased from Sep. 2025 ($19.78 Mil) to Dec. 2025 ($287.43 Mil) and increased from Dec. 2025 ($287.43 Mil) to Mar. 2026 ($922.22 Mil).

Cipher Mining's annual construction in progress increased from Dec. 2023 ($30.86 Mil) to Dec. 2024 ($120.89 Mil) and increased from Dec. 2024 ($120.89 Mil) to Dec. 2025 ($287.43 Mil).

Cipher Mining Construction In Progress Historical Data

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The historical data trend for Cipher Mining's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cipher Mining Construction In Progress Chart

Cipher Mining Annual Data
Trend Jan21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
0.00 93.46 30.86 120.89 287.43

Cipher Mining Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 242.74 194.96 19.78 287.43 922.22
CIFRW
37GF Score
Cipher Mining Inc CIFRW
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Cipher Mining Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $922.22 Mil mean?
Cipher Mining (CIFRW) has a Construction In Progress of $922.22 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Cipher Mining and its competitors.
Is Cipher Mining's Construction In Progress too high?
Cipher Mining's current Construction In Progress is $922.22 Mil. Overall, Cipher Mining has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Cipher Mining's Construction In Progress compare to JKHY and IT?
Cipher Mining's Construction In Progress of $922.22 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Software company?
A good Construction In Progress depends on the Software industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Cipher Mining and its competitors. Cipher Mining's current Construction In Progress is $922.22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cipher Mining stock overvalued right now?
Cipher Mining (CIFRW) has a current Construction In Progress of $922.22 Mil. The current Construction In Progress is $922.22 Mil. Cipher Mining's overall GF Score™ is 37/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Cipher Mining (CIFRW), the current Construction In Progress is $922.22 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cipher Mining Business Description

Address 1 Vanderbilt Avenue, Floor 54, New York, NY, USA, 10017
Cipher Digital Inc is focused on high-performance computing (HPC) data center development and operations. It is engaged in developing and operating data centers designed for HPC workloads. Its operations include managing power assets and capital allocation in response to market conditions and demand for AI-related computing capacity.
37GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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