We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Consensus Estimate for revenues is currently pegged at $75.48 million, suggesting growth of 213.20% from the year-ago quarter’s levels.
The consensus mark for loss is pegged at 8 cents per share, unchanged over the past 30 days. CIFR reported a loss of 26 cents per share in the year-ago quarter.
Cipher Mining earnings beat the Zacks Consensus Estimate in one of the trailing four quarters, matching the same on two occasions, and missing the same in one, the negative average surprise being 16.25%.
Let’s see how things have shaped up for CIFR prior to the announcement.
Factors to Note
In the to-be-reported quarter, Cipher Mining is expected to have benefited from the full-scale production at its Black Pearl Phase 1 data center. This facility, which became operational toward the end of the second quarter of 2025, is expected to have ramped up its contribution to the company’s overall Bitcoin production in the to-be-reported quarter. In July alone, Black Pearl accounted for approximately 24% of the company’s production, and this figure is expected to grow further as the site scales.
The company has set ambitious targets for its hash rate, projecting to reach 23.5 exahash per second by the end of the third quarter of 2025. This exceeds the previous guidance of 23.1 exahash per second, showcasing Cipher’s ability to outperform its growth expectations. The delivery and deployment of fully funded, latest-generation Bitmain rigs at Black Pearl will be essential in reaching this milestone. These rigs are expected to have arrived in batches and are likely to have been fully operational by the third-quarter end.
Another key benefit for Cipher in the to-be-reported quarter is the improved fleet efficiency. At the end of the second quarter of 2025, the fleet efficiency stood at 20.8 joules per terahash, but with the deployment of the new Bitmain rigs, this is expected to have improved to an impressive 16.8 joules per terahash in the to-be-reported quarter. This enhanced efficiency is expected to have positioned Cipher as one of the most efficient Bitcoin miners in the industry, further strengthening its competitive edge.
However, fluctuations in Bitcoin prices and tariff-related uncertainties might affect production and financial performance in the to-be-reported quarter.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
Cipher Mining has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some other companies worth considering, as our model shows that these, too, have the right combination of elements to beat on earnings in their upcoming releases:
Image: Bigstock
Cipher Mining to Post Q3 Earnings: What's in Store for the Stock?
Key Takeaways
Cipher Mining (CIFR - Free Report) is slated to report third-quarter 2025 earnings on Nov. 3.
The Zacks Consensus Estimate for revenues is currently pegged at $75.48 million, suggesting growth of 213.20% from the year-ago quarter’s levels.
The consensus mark for loss is pegged at 8 cents per share, unchanged over the past 30 days. CIFR reported a loss of 26 cents per share in the year-ago quarter.
Cipher Mining earnings beat the Zacks Consensus Estimate in one of the trailing four quarters, matching the same on two occasions, and missing the same in one, the negative average surprise being 16.25%.
Cipher Mining Inc. Price and EPS Surprise
Cipher Mining Inc. price-eps-surprise | Cipher Mining Inc. Quote
Let’s see how things have shaped up for CIFR prior to the announcement.
Factors to Note
In the to-be-reported quarter, Cipher Mining is expected to have benefited from the full-scale production at its Black Pearl Phase 1 data center. This facility, which became operational toward the end of the second quarter of 2025, is expected to have ramped up its contribution to the company’s overall Bitcoin production in the to-be-reported quarter. In July alone, Black Pearl accounted for approximately 24% of the company’s production, and this figure is expected to grow further as the site scales.
The company has set ambitious targets for its hash rate, projecting to reach 23.5 exahash per second by the end of the third quarter of 2025. This exceeds the previous guidance of 23.1 exahash per second, showcasing Cipher’s ability to outperform its growth expectations. The delivery and deployment of fully funded, latest-generation Bitmain rigs at Black Pearl will be essential in reaching this milestone. These rigs are expected to have arrived in batches and are likely to have been fully operational by the third-quarter end.
Another key benefit for Cipher in the to-be-reported quarter is the improved fleet efficiency. At the end of the second quarter of 2025, the fleet efficiency stood at 20.8 joules per terahash, but with the deployment of the new Bitmain rigs, this is expected to have improved to an impressive 16.8 joules per terahash in the to-be-reported quarter. This enhanced efficiency is expected to have positioned Cipher as one of the most efficient Bitcoin miners in the industry, further strengthening its competitive edge.
However, fluctuations in Bitcoin prices and tariff-related uncertainties might affect production and financial performance in the to-be-reported quarter.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
Cipher Mining has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some other companies worth considering, as our model shows that these, too, have the right combination of elements to beat on earnings in their upcoming releases:
Advanced Micro Devices (AMD - Free Report) currently has an Earnings ESP of +0.18% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
AMD shares have risen 113.4% year to date. AMD is set to report third-quarter 2025 results on Nov. 4.
Allient (ALNT - Free Report) presently has an Earnings ESP of +8.00% and a Zacks Rank #3.
Allient shares have gained 133.4% year to date. ALNT is scheduled to report third-quarter 2025 results on Nov. 5.
Affirm (AFRM - Free Report) presently has an Earnings ESP of +3.53% and a Zacks Rank #3.
AFRM shares have gained 17.8% year to date. AFRM is scheduled to report first-quarter fiscal 2026 results on Nov. 6.