PerpEquitiesEquity
CIFR perpetual futures
Cipher Mining Inc. tracked across crypto venues with normalized contract specs.
Price chart
22.23▼ 0.00%
22.0022.0522.1022.1522.2022.25
01:34 PM02:02 PM02:30 PM02:57 PM03:25 PM
24/7 perp mark · BingX (CIFR-USDT)
Auto: market closed → highest-volume perp venue
Trading data
Perpetual market activity
Venues
1
Live markets
1/1
24h volume
$123k
Open interest
$227
Best liquidity
$73k
BingX
Tightest spread
+107.8 bps
BingX
Highest volume
$123k
BingX
Settlement mix
USDT · 1/1
Best Liquidity
CIFRTightest Spread
CIFRHighest Volume
CIFRCompany data
Company fundamentals
Market cap
$9.0B
Updated 2h ago
Revenue
$209.8M
Trailing 12 months
Net income
$-897.6M
Trailing 12 months
Free cash flow
$-929.7M
Trailing 12 months
Profit margin
-427.8%
P/E
-9.4
P/S
42.9
Revenue estimate
$226.3M
Next fiscal year
Revenue growth
+1%
Next fiscal year
Fundamental detail
Annual + quarterlyLatest revenue$223.9M
Net margin-367.2%
Free cash flow$-695.9M
Net debt$2.1B
PeriodRevenueGrowthNet incomeFCF
2020$0.0-$1.1M$-322k
2021$0.0-$-72.2M$-36.8M
2022$3.0M-$-39.1M$-248.8M
2023$126.8M+4077%$-25.8M$-149.3M
2024$151.3M+19%$-44.6M$-227.0M
2025$223.9M+48%$-822.2M$-695.9M
PeriodGross marginOperating marginNet marginROEROA
2020+0.0%+0.0%+0.0%-31951.7%+642.4%
2021+0.0%+0.0%+0.0%-20.4%-20.4%
2022+75.4%-1232.2%-1285.9%-11.4%-9.3%
2023+60.3%-15.9%-20.3%-5.2%-4.6%
2024+18.6%-28.9%-29.5%-6.5%-5.2%
2025+28.4%-150.7%-367.2%-102.1%-19.2%
PeriodCashDebtNet debtCurrent ratio
2020$0.0$0.0$0.00.00
2021$209.8M$0.0$-209.8M447.99
2022$11.9M$20.7M$8.7M1.18
2023$86.1M$22.0M$-64.1M4.60
2024$5.6M$56.4M$50.8M1.28
2025$628.3M$2.8B$2.1B3.79
PeriodMarket capEnterprise valueP/SP/E
2020$2.1B$2.1B0.0-1990.0
2021$1.0B$799.6M0.0-12.9
2022$139.0M$147.7M45.8-3.5
2023$1.0B$978.4M8.2-41.3
2024$1.5B$1.6B9.9-33.1
2025$5.6B$7.8B25.2-6.9
PeriodRevenueGrowthNet incomeFCF
Q2 2024$36.8M+18%$-15.3M$-64.9M
Q3 2024$24.1M-20%$-86.8M$-183.0M
Q4 2024$42.2M-3%$17.5M$-104.2M
Q1 2025$49.0M+2%$-39.0M$-147.3M
Q2 2025$43.6M+18%$-45.8M$-87.5M
Q3 2025$71.7M+198%$-3.3M$-95.2M
Q4 2025$59.7M+41%$-734.2M$-284.6M
Q1 2026$34.8M-29%$-114.3M$-462.5M
PeriodGross marginOperating marginNet marginROEROA
Q2 2024+17.0%-43.9%-41.5%-2.2%-2.0%
Q3 2024-23.6%-379.2%-359.9%-12.9%-11.2%
Q4 2024+17.3%+40.5%+41.5%+2.6%+2.0%
Q1 2025+40.4%-77.8%-79.6%-5.3%-4.3%
Q2 2025+28.9%-103.9%-105.1%-6.1%-4.5%
Q3 2025+42.6%-52.5%-4.6%-0.4%-0.1%
Q4 2025+1.2%-383.4%-1229.6%-91.1%-17.1%
Q1 2026-105.9%-139.6%-328.1%-16.0%-1.8%
PeriodCashDebtNet debtCurrent ratio
Q2 2024$122.6M$23.3M$-99.2M8.49
Q3 2024$25.3M$23.2M$-2.2M2.57
Q4 2024$5.6M$56.4M$50.8M1.28
Q1 2025$23.2M$58.4M$35.2M1.11
Q2 2025$62.7M$189.3M$126.6M4.18
Q3 2025$1.2B$1.0B$-163.5M2.49
Q4 2025$628.3M$2.8B$2.1B3.79
Q1 2026$3.7B$4.7B$1.0B3.13
PeriodMarket capEnterprise valueP/SP/E
Q2 2024$1.5B$1.4B40.3-24.3
Q3 2024$1.3B$1.3B53.4-3.7
Q4 2024$1.6B$1.7B38.321.4
Q1 2025$829.2M$864.4M16.9-5.2
Q2 2025$1.8B$1.9B41.2-10.0
Q3 2025$4.7B$4.6B66.1-374.7
Q4 2025$5.6B$7.8B94.3-1.9
Q1 2026$6.0B$7.1B173.1-13.3
Refreshed 2h ago
Research data
Estimates, events and peers
Estimates
6 periodsFY 2026$226.3M+1%10 analysts
FY 2027$805.9M+260%8 analysts
FY 2028$1.1B+384%5 analysts
FY 2029$1.3B+467%2 analysts
FY 2030$1.2B+422%2 analysts
Q1 2027$181.3M+420%3 analysts
Events
Earnings · dividends · splits2026-08-06EarningsRevenue est. $32.5M
2026-05-05EarningsRevenue est. $36.1M
2026-02-24EarningsRevenue est. $86.0M
2025-11-03EarningsRevenue est. $87.2M
2025-08-07EarningsRevenue est. $78.9M
2025-05-06EarningsRevenue est. $52.6M