Cipher Mining pares early losses after Q4 results disappoint

Cipher Digital cut its premarket losses on Tuesday after missing revenue and earnings estimates for the last quarter of 2025. The stock had fallen as much as 4.7% ahead of the open before paring its losses in morning trading.

For Q4, the company reported:

Revenue of $60 million (estimate: $84.4 million).
Adjusted earnings per share of -$0.14 (estimate: -$0.06).

After the close on Monday, crypto miner Canaan announced that it had purchased Cipher Mining’s stake in a mining joint venture for $39.75 million, deepening Cipher’s pivot away from bitcoin mining toward data centers. Indeed, CIFR acknowledged in the Q4 and year-end report that its “identity has evolved to focus on enabling next-generation compute at industrial scale.”

The Canaan acquisition news came on the heels of former bitcoin miner Bitdeer announcing that it had sold all of its bitcoin holdings to fund its pivot to AI.

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