Cipher Mining Shares Rise 8%

Stock jumps after strong trading day, but analysts have mixed views on the company's prospects.

Published on Mar. 4, 2026

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Shares of Cipher Mining Inc. (NASDAQ:CIFR) rose 8% during mid-day trading on Wednesday, closing at $15.89. Trading volume was down 80% from the average daily volume. The stock has been the subject of recent research reports, with some analysts upgrading the stock to 'overweight' while others have issued 'sell' ratings.

Why it matters

Cipher Mining is a bitcoin mining company that has been pursuing an aggressive growth strategy, including deploying advanced ASIC hardware and securing long-term low-cost power contracts. The stock's performance and analyst coverage provide insights into investor sentiment around the company and the broader bitcoin mining industry.

The details

Cipher Mining's stock price rose 8% on Wednesday, trading as high as $15.93 before closing at $15.89. Trading volume was down significantly from the average daily volume of over 30 million shares. The stock has been the subject of mixed analyst coverage, with some firms upgrading it to 'overweight' while others have issued 'sell' ratings.

  • Cipher Mining's stock price rose 8% during mid-day trading on Wednesday, March 4, 2026.

The players

Cipher Mining Inc.

A Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States.

JPMorgan Chase & Co.

A global financial services firm that upgraded Cipher Mining's rating to 'overweight' and raised its price target.

Zacks Research

A research firm that lowered its rating on Cipher Mining to 'strong sell'.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Cipher Mining's stock performance and the mixed analyst coverage highlight the volatility and uncertainty surrounding the bitcoin mining industry. Investors will be closely watching the company's ability to execute on its growth strategy and maintain a competitive cost structure in the face of regulatory and market challenges.