Cipher Mining Sees Significant Options Activity (NASDAQ:CIFR)

On March 13, 2025, Cipher Mining Inc. (NASDAQ:CIFR) experienced a notable increase in options trading activity. On this day, traders executed the purchase of 36,320 call options for the stock. This figure marks a staggering rise of around 115% when compared to the usual daily volume of 16,913 call options.

Hedge Funds Adjust Their Holdings in Cipher Mining

A number of hedge funds have made recent changes to their positions in Cipher Mining. In the fourth quarter, V3 Holding Ltd acquired a new stake valued at approximately $452.7 million. Meanwhile, Vanguard Group Inc. boosted its holding in Cipher Mining by 7%, now owning 18,172,080 shares, worth about $84.3 million after adding 1,189,756 shares during the last quarter. Additionally, State Street Corp increased its investment by 17.3% in the third quarter, bringing its total to 6,919,189 shares valued at approximately $26.8 million following an acquisition of 1,019,949 shares. Invesco Ltd. also enhanced its stake by 16.7% in the fourth quarter, resulting in a total ownership of 6,443,723 shares valued at $29.9 million after purchasing 924,262 shares. Lastly, Geode Capital Management LLC raised its position by 4.0%, resulting in ownership of 5,727,990 shares valued at $26.6 million after acquiring 218,137 more shares in the previous quarter. Institutional investors collectively own 12.26% of the total stock of the company.

Cipher Mining's Stock Performance Overview

On Thursday, CIFR stock opened at a price of $3.20. During the past year, Cipher Mining's stock has fluctuated, recording a low of $2.65 and a high of $7.99. The stock currently has a 50-day simple moving average of $5.05 and a 200-day simple moving average of $5.02. Cipher Mining’s financial ratios indicate a debt-to-equity ratio of 0.01, alongside both a quick and current ratio of 2.57. The company's market capitalization stands at approximately $1.18 billion, with a price-to-earnings (P/E) ratio of -24.61 and a beta of 2.47.

Analysts' Projections and Expectations

Numerous analysts from different equity research firms have provided their insights regarding Cipher Mining. For instance, Needham & Company LLC recently lowered its price target for the company from $7.50 to $7.00, maintaining a “buy” rating. On March 7th, Rosenblatt Securities initiated coverage and assigned a “buy” rating with a target price of $6.50. Keefe, Bruyette & Woods also began evaluating Cipher Mining and issued an “outperform” rating. Furthermore, Northland Securities raised its price target from $6.00 to $8.50 and recommended an “outperform” rating, while Cantor Fitzgerald reduced its price target from $11.00 to $10.00, providing an “overweight” rating. Overall, 11 analysts have given a buy rating to the stock, with two analysts indicating a strong buy. Based on MarketBeat data, Cipher Mining has a consensus rating of “Buy” alongside a consensus price target of $8.13.

About Cipher Mining

Cipher Mining Inc is a company focused on developing and operating large-scale bitcoin mining data centers in the United States. Incorporated in 2020, it operates as a subsidiary of Bitfury Holding B.V. and has its headquarters in New York, New York.

Cipher, Mining, Options