Cipher Mining Inc. is a technology company focused on the development and operation of bitcoin mining data centers. The Company, through its subsidiaries, including Cipher Mining Technologies Inc., operates four bitcoin mining data centers in Texas. Its active portfolio and development pipeline will total 2.6 GW across 11 sites. Its operating data center is the Odessa data center (the Odessa Facility), which is its wholly owned 207 megawatts (MW) facility located in Odessa, Texas. It also jointly operates the Alborz data center (the Alborz Facility), located near Happy, Texas, and the Bear data center (the Bear Facility) and the Chief data center (the Chief Facility), each of which is located near Andrews, Texas (the Data Center LLCs). It also owns the Barber Lake site in West Texas. Barber Lake site features 300 MW of front-of-the-meter capacity. It also owns the 100 MW Stingray site in West Texas.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 4880.90% year-on-year.
Overvalued
The company’s latest PB is 10.91, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 269.48M shares, increasing 1.90% quarter-over-quarter.
Held by George Soros
Star Investor George Soros holds 1.30M shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of 0.72.