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Public Companies

Cipher Mining

🇺🇸 United StatesCIFRNASDAQ

BTC Holdings

Cipher Mining held BTC since March 2023.

BTC Holdings
1,500
$134.69M

Key Metrics

Market Cap
$3.00B
mNAV
22.31×
Volume (30d)
$3.10B

About Cipher Mining

Cipher Mining (ticker: CIFR) is a Bitcoin mining company in the United States that emphasizes sustainability and efficiency in its operations. The company runs extensive mining facilities that primarily utilize renewable energy sources, addressing the environmental concerns typically linked to cryptocurrency mining. By integrating advanced technology and executing strategic acquisitions, Cipher Mining aims to secure its position as an innovative participant in the Bitcoin mining industry. The core of its business model is centered around energy-efficient mining operations, with a strong focus on sustainability, aiming to reduce its environmental footprint while enhancing operational efficiency.

The company’s investment thesis is based on the belief in Bitcoin's long-term value appreciation, viewing it as both a store of value and an inflation hedge. Cipher Mining is committed to expanding its mining capacity to maximize Bitcoin production and, consequently, shareholder value. This expansion is supported by strategic growth initiatives and acquisitions that bolster its mining capabilities. The company's transparent reporting practices further strengthen its market position, making it a significant player in the Bitcoin mining sector closely monitored by investors and industry analysts.

In terms of strategy, Cipher Mining places a strong emphasis on balancing its growth with environmental responsibility, reflecting a broader trend in the crypto mining sector where sustainability is gaining importance. Its approach involves regular operational updates that provide insights into its Bitcoin holdings and mining performance, which are particularly valuable for tracking institutional Bitcoin accumulation. This transparency is part of Cipher Mining’s effort to maintain a responsible and sustainable presence in the rapidly evolving Bitcoin mining landscape.

As of December 2025, it held 1,500 BTC valued at $134.7M.

Cipher Mining — BTC Holdings Over Time

01K2KMar 2023Jun 2023Oct 2023Jan 2024May 2024Aug 2024Dec 2024Apr 2025Jul 2025Oct 2025

Historical Performance

Market Cap History

$678.5M$1.1B$1.6B$2.0B$2.5BDec 9, 2024Jan 22, 2025Mar 4, 2025Apr 11, 2025May 22, 2025Jul 3, 2025

NAV History

$78.9M$95.9M$112.9M$129.8M$146.8MDec 7, 2024Jan 17, 2025Feb 27, 2025Apr 9, 2025May 20, 2025Jun 30, 2025