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Cipher Mining (CIFR) Bitcoin Treasury Dashboard

Track CIFR BTC holdings, mNAV, volume, volatility, price, and treasury analytics.

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Cipher Mining (CIFR)
🇺🇸
#43
BitcoinQuant
BTC Price
Current price of Bitcoin
$66,924
CIFR BTC Holdings
Bitcoins held on balance sheet
₿1,500
CIFR mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
84.26x
CIFR Stock Price
Latest stock price (in USD)
$15.60
CIFR % from 52W High
Current price gap from 52-week high
-39%
CIFR Enterprise Value
MCap + Debt + Pref - Cash
$8.5B
CIFR Market Cap
Equity market value
$6.3B
CIFR BTC NAV
Current value of BTC = holdings × BTC price
$100.4M
CIFR MCAP as % of BTC
Market capitalization as a percentage of Bitcoin holdings value
6296%
CIFR BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
0.007%
CIFR mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
62.96x
CIFR 1W Return
Feb 20, 2026 ($14.65) → Mar 1, 2026 ($15.60)
+6.48%
CIFR 1M Return
Jan 26, 2026 ($16.49) → Mar 1, 2026 ($15.60)
-5.40%
CIFR 3M Return
Nov 26, 2025 ($19.15) → Mar 1, 2026 ($15.60)
-18.54%
CIFR YTD Return
Dec 31, 2025 ($14.76) → Mar 1, 2026 ($15.60)
+5.69%
CIFR 1Y Return
Feb 27, 2025 ($3.97) → Mar 1, 2026 ($15.60)
+292.95%
CIFR 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
+317.01 p.p.
CIFR 52W High
Highest price in the last 52 weeks (in USD)
$25.52
CIFR Basic Shares
Estimated basic shares outstanding
405,119,407
CIFR Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
CIFR Trading Volume ($)
Most recent day's trading volume (VWAP × Volume)
$258.34M
CIFR Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$516.94M
CIFR Debt
Total outstanding debt (Latest reported Yahoo Finance value)
$2.8B
CIFR Debt/BTC NAV
Debt as a % of BTC NAV
—
CIFR BTC Rating
BTC NAV ÷ Total Debt
—
CIFR Cash
Total cash and cash equivalents
$628.26M
CIFR Hist Volatility (30D)
Annualized standard deviation of the daily natural log return measured over the last 30 trading days
112.7%
CIFR Hist Volatility (1Y)
Annualized standard deviation of the daily natural log return measured over the last calendar year
111.6%
CIFR Implied Volatility
Open interest-weighted implied volatility from options market across all expirations
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CIFR Open Interest
Outstanding open interest contracts × 100 shares × live share price
—
CIFR Put Open Interest
Outstanding put open interest contracts × 100 shares × live share price
—
CIFR Call Open Interest
Outstanding call open interest contracts × 100 shares × live share price
—
CIFR Put to Call
Ratio of put open interest to call open interest (put OI ÷ call OI). < 1.0 = more calls (bullish), > 1.0 = more puts (bearish)
—
CIFR Duration (Days)
Open Interest-weighted average of days to expiration for options on this asset. Higher values indicate longer-term options activity.
—
CIFR Short Interest (% Float)
% of tradable shares sold short
—
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About Cipher Mining's Bitcoin Treasury Strategy

Cipher Mining (CIFR) ranks #43 globally among Bitcoin treasury companies, with 1,500 Bitcoin in its corporate treasury worth approximately $100.39M at current prices. This represents 0.007% of the total 21 million Bitcoin that will ever exist.

Trading at a stock price of $15.60 per share with a market capitalization of $6.32B, Cipher Mining's stock currently trades at an mNAV (enterprise value to Bitcoin NAV multiple) of 84.26x. Bitcoin holdings represent 2% of the company's market cap, underscoring Bitcoin's central role in Cipher Mining's balance sheet strategy.

Recent stock performance shows +6.48% over the past week, -5.40% over the past month, +5.69% year-to-date, and +292.95% over the past year. Cipher Mining currently trades -38.87% from its 52-week high. The stock averages $516.94M in daily trading volume over the past 30 days, with 30-day volatility at 112.7%.

Cipher Mining's Bitcoin treasury strategy is led by Rodney Tyler Page (CEO).

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Bitcoin Preferred Equity

Preferred Equity Dashboard (STRC, STRD, STRF, STRK, SATA)

Cipher Mining (CIFR) Bitcoin Treasury Detailed Analysis

Bitcoin Exposure & Holdings

Cipher Mining (CIFR) currently holds 1,500 Bitcoin in its corporate treasury. This represents 0.007% of the total 21 million Bitcoin that will ever exist.

At a current Bitcoin price of $65,614.00, Cipher Mining's Bitcoin holdings are worth approximately $98.42 million, which represents the company's Bitcoin NAV (Net Asset Value).

Cipher Mining's total cost basis for its Bitcoin holdings is $0.00, putting the company at a N/A unrealized loss on its Bitcoin position.

Cipher Mining held 1,383 Bitcoin on January 1st, 2024. Since then, Cipher Mining has been acquiring an average of 0.28 BTC per day, representing +8.46% growth in Bitcoin holdings since then.

Valuation Metrics & Market Capitalization

Cipher Mining (CIFR) stock price currently trades at $15.61 per share.

With a market capitalization of $6.17 billion, Cipher Mining ranks as a leading Bitcoin treasury company by equity market value.

On an Enterprise Value basis, Cipher Mining's mNAV is 84.37x, meaning the market values the company's total capital structure at 84.37x times its underlying Bitcoin holdings.

On a Market Cap basis, Cipher Mining's mNAV is 62.64x relative to Bitcoin NAV.

Bitcoin holdings represent 1.6% of Cipher Mining's total market capitalization, underscoring Bitcoin's central role in the company's balance sheet strategy.

Cipher Mining's Enterprise Value is $8.30 billion, calculated as Market Cap plus Debt plus Preferred Stock minus Cash.

Financial Health & Balance Sheet

Cipher Mining has total outstanding debt of $2.77 billion, representing a debt-to-Bitcoin NAV ratio of 28.11x.

The BTC Rating for Cipher Mining is 0.04x (Bitcoin NAV ÷ Total Debt), indicating 0.04x coverage of total debt by Bitcoin holdings.

In cash and cash equivalents, Cipher Mining holds $628.26 million.

Cipher Mining reported total revenue of $223.94 million and operating cash flow of $-207,938,000.00.

Trading Volume & Risk Metrics

In the most recent trading session, CIFR recorded $313.18 million in dollar volume.

Over the past 30 days, CIFR has averaged $530.38 million in daily trading volume.

Cipher Mining's 30-day historical volatility is 111.7%.

Over the past calendar year, CIFR's historical volatility is 111.4%.

Cipher Mining's beta is 2.97x.

Short interest for CIFR represents 20.5% of tradable shares.

Cipher Mining's 90-day correlation with IBIT (iShares Bitcoin Trust ETF) is 47.8%, measuring how closely the stock tracks spot Bitcoin exposure.

CIFR currently trades -38.85% from its 52-week high.

Options Market & Trading Activity

Implied volatility from the options market for CIFR is 99.2%.

Total open interest for CIFR options is $1.83 billion. Put open interest totals $600.95 million and call open interest totals $1.23 billion.

The put-to-call ratio for Cipher Mining is 0.49x.

Weighted by open interest, the average duration for CIFR options is 204.1 days to expiration.

Bitcoin Strategy Leadership

Cipher Mining's Bitcoin treasury strategy is led by Rodney Tyler Page (CEO).

Cipher Mining Bitcoin Treasury Data & Analysis on BitcoinQuant

The interactive Cipher Mining Bitcoin treasury chart above provides a comprehensive visualization of the company's Bitcoin treasury performance over time, allowing investors to track BTC holdings, acquisition rates, and valuation metrics.

All of the data on this page — including Cipher Mining's Bitcoin NAV, mNAV, BTC Rating, cost basis, and options activity — is calculated in real time and updated continuously on BitcoinQuant. By analyzing these treasury metrics alongside historical acquisition data and market performance, investors can gain insights into Cipher Mining's Bitcoin accumulation strategy and compare it against other Bitcoin treasury companies tracked across the BitcoinQuant platform.

BitcoinQuant tracks the full universe of public companies holding Bitcoin, providing real-time analytics on holdings, valuations, financial health, trading activity, and risk metrics across every Bitcoin treasury stock in the market.

Data as of: 02/27/2026, 3:57 PM ET

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