Cipher Mining
BTC Holdings
1063
Share Price
$7.13
Current trading price per share
Market Cap
$3,000M
Total market capitalization
Enterprise Value
$3,000M
Market cap plus debt minus cash
NAV Multiple
23.76
Net Asset Value multiplier
BTC / Market Cap
4.2%
Bitcoin holdings as % of market cap
About Cipher Mining
Cipher Mining Inc., listed on Nasdaq with the ticker CIFR, is a leading Bitcoin mining and technology company headquartered in New York. Founded in 2021 as a subsidiary of Bitfury Group, Cipher established itself as a pioneer in sustainable, large-scale cryptocurrency mining. Its core operations focus on operating energy-efficient data centers, securing the Bitcoin network, and developing advanced mining infrastructure, with facilities across the United States leveraging low-cost power sources.
Cipher employs a Bitcoin treasury strategy, retaining mined Bitcoin as a strategic reserve to diversify its financial portfolio and hedge against inflation, aligning its operations with Bitcoin’s long-term value. Beyond treasury management, the company pursues a broader digital asset strategy, optimizing mining technology and exploring blockchain solutions for energy management and decentralized applications, positioning itself as a forward-thinking player in the digital economy.
Led by CEO Tyler Page, an expert in finance and technology, Cipher maintains a strong industry presence through strategic partnerships and its focus on operational excellence. Its leadership drives innovation in sustainable mining practices, ensuring scalability and environmental responsibility. By combining cutting-edge technology with a commitment to Bitcoin’s ecosystem, Cipher ensures long-term relevance in the evolving landscape of digital assets and decentralized finance.
Recent Developments
- Jul 2, 2025: Bitcoin holdings increased by 97.00 BTC to 1063 BTC with cost basis of $105.7K (BTC @ $4.9)
- May 31, 2025: Bitcoin holdings increased by 111.00 BTC to 966 BTC with cost basis of $104K (BTC @ $3.12)
- Apr 30, 2025: Bitcoin holdings decreased by 179.00 BTC to 855 BTC with cost basis of $94.3K (BTC @ $3.08)
- Mar 31, 2025: Bitcoin holdings increased by 2.00 BTC to 1034 BTC with cost basis of $82.4K (BTC @ $2.32)
- Feb 28, 2025: Bitcoin holdings decreased by 59.00 BTC to 1032 BTC with cost basis of $82K (BTC @ $3.97)
Cipher Mining — Bitcoin Holdings Over Time
1y - Present
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Cipher Mining — Stock vs BTC Dynamics
1y - Present
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Balance Sheet History