Cipher Mining Inc
NASDAQ:CIFR

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Cipher Mining Inc
NASDAQ:CIFR
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Price: 5.73 USD -0.17% Market Closed
Market Cap: 2B USD
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Cipher Mining Inc
Net Income

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Cipher Mining Inc
Net Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Income CAGR 3Y CAGR 5Y CAGR 10Y
Cipher Mining Inc
NASDAQ:CIFR
Net Income
-$25.8m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Salesforce Inc
NYSE:CRM
Net Income
$5.9B
CAGR 3-Years
51%
CAGR 5-Years
52%
CAGR 10-Years
N/A
Palantir Technologies Inc
NYSE:PLTR
Net Income
$217.4m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Applovin Corp
NASDAQ:APP
Net Income
$356.7m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Intuit Inc
NASDAQ:INTU
Net Income
$2.9B
CAGR 3-Years
12%
CAGR 5-Years
13%
CAGR 10-Years
13%
Adobe Inc
NASDAQ:ADBE
Net Income
$1.7B
CAGR 3-Years
-30%
CAGR 5-Years
-11%
CAGR 10-Years
20%
No Stocks Found

Cipher Mining Inc
Glance View

Market Cap
2B USD
Industry
Technology

Cipher Mining Inc., a young frontrunner in the evolving blockchain sphere, embraces the digital frontier with a focus on Bitcoin mining. Born from a merger with Good Works Acquisition Corp., Cipher positions itself as a pivotal player harnessing the power of cryptography and massive computational operations. At the heart of its business model is the operation of cutting-edge data centers dedicated to solving complex algorithms on the Bitcoin network. By successfully solving these cryptographic puzzles, Cipher earns freshly minted bitcoins as block rewards, essentially creating new currency, while also processing and validating transactions on the blockchain. Strategically, Cipher Mining situates its operations predominantly in areas where electricity is both affordable and sustainable. This emphasis on economical and green energy sources is vital since powering the high-performance computing equipment is one of the largest cost drivers in this business. As cryptocurrency prices fluctuate, Cipher’s revenue grows not just from newly mined bitcoins but also from transaction fees associated with blocks it helps process. Thus, Cipher’s profitability is intricately linked to both the efficiency of its operations and the broader dynamics of the cryptocurrency market, tying its fortunes to the volatile value and the continued adoption of Bitcoin.

CIFR Intrinsic Value
4.32 USD
Overvaluation 25%
Intrinsic Value
Price

See Also

What is Cipher Mining Inc's Net Income?
Net Income
-25.8m USD

Based on the financial report for Dec 31, 2023, Cipher Mining Inc's Net Income amounts to -25.8m USD.

What is Cipher Mining Inc's Net Income growth rate?
Net Income CAGR 1Y
34%

Over the last year, the Net Income growth was 34%.

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