Cipher Mining
CIFR · NASDAQ · Technology
$18.35
$0.71 (-3.88%) today
Market Cap
$7.62B
24h Volume
$554.1M
P/E Ratio
-5.8
52w High
$29.18
52w Low
$11.47
Est. AI Revenue
5%
7-Day Sparkline (Static)
Company facts
Performance
About Cipher Mining
Cipher Mining started as a bitcoin mining company and is pivoting toward AI data center hosting. It builds large data center sites with secured power, and it makes money by mining bitcoin and, increasingly, by leasing capacity to tenants running GPU compute workloads.
Its AI-facing offerings are infrastructure: AI-ready data centers, high-performance computing hosting, and GPU compute infrastructure. The company's pipeline of powered sites totals more than 600 megawatts, capacity it is positioning for AI tenants.
Founded in 2021 and headquartered in New York, Cipher trades on the NASDAQ, is led by CEO Tyler Page, and employs roughly 66 people.
Cipher Mining in the AI buildout
Cipher sits in the Neoclouds layer as a power-first entrant. Its core asset is not chips or software but energized data center sites, and in the AI buildout, secured power has become the scarce input. The thesis has shifted from bitcoin mining toward signing AI hosting contracts that fill its powered capacity with GPU tenants. Supercycle scores its exposure as substantial because its pipeline is valued mainly as AI-ready capacity, even while mining still runs.
CIFR is tracked in Neoclouds, rated Strategic on the AI Exposure leaderboard.
By the numbers
52-week range
CIFR trades at $18.35, 39% of the way up its 52-week range of $11.47 to $29.18.
Market cap
Market capitalization is $7.62B, with an AI Exposure Score of 55 out of 100.
Next earnings
Cipher Mining is next expected to report earnings on November 2, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Cipher Mining do?
Cipher builds large powered data center sites, earning revenue from bitcoin mining and increasingly from leasing capacity to tenants running AI and high-performance computing workloads.
How is Cipher exposed to AI?
Through its power pipeline. Its data center capacity of more than 600 megawatts is now valued mainly as AI-ready hosting space. Supercycle gives it an AI Exposure Score of 55 out of 100.
What are Cipher's main offerings?
AI-ready data centers, high-performance computing hosting, and GPU compute infrastructure, built on sites originally developed for bitcoin mining.
Is CIFR a pure play AI stock?
Not yet. Cipher is transitioning from bitcoin mining to AI hosting, and its score of 55 out of 100 reflects a thesis that now leans on AI tenants filling its capacity.
Who leads Cipher and where is it based?
CEO Tyler Page leads Cipher from New York. The company was founded in 2021, trades on the NASDAQ, and employs roughly 66 people.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
Related reading
- Hyperscaler capex roundup: September 2026 · Seven AI builders spent $657B on capex over the last four quarters. The table, the 2026 guidance, what changed since the Q2 earnings round, and the power deals behind it.
- Neocloud stocks to watch: CRWV, NBIS, IREN, APLD · The four most-searched neocloud stocks read through the buildout tracker and the June 13F filings: who each one depends on, and what would change the picture.
- What are AI infrastructure stocks? The 12 layers, explained · AI infrastructure stocks are the companies paid to build AI compute: chips, memory, networking, data centers, cooling and power. The 12 layers and the catch.