Why is CIFR stock down?

CIFR is down 11.6% over five trading days, closing at $7.94 on Oct. 23, 2026. When a stock drops like this, the first question is whether the problem is the company or the whole group it trades with.

To answer that, we compare CIFR with its closest peers, check the calendar for earnings and Fed dates, and go through Cipher Digital Inc.'s latest SEC filings and insider trades.

The chart below tracks CIFR's daily closing price from April 29, 2026 to Oct. 23, 2026. Over that stretch it is down 53.1%, from $16.92 to $7.94, with a high of $29.18 on June 18, 2026 and a low of $7.94 on Oct. 23, 2026. Each red circle marks a week in which company insiders sold shares on the open market (6 weeks in this period; bigger circles mean more money). There are no green diamonds: no insider bought on the open market in this window.

CIFR vs peers this week

The table below shows how CIFR stacks up against its peers this week. Over 5 days, APLD did best (+1.1%) and CRWV worst (-11.7%). CIFR ranks 5 of 6.

What could be behind the CIFR move

Earnings are due on Nov. 2, 2026 (in 7 days); stocks often move ahead of reports.

Company filings in the last weeks: 8-K on Oct. 16, 2026 (Convertible notes · with a capped call that limits dilution up to a cap); 8-K on Oct. 14, 2026 (Convertible notes (private offering) · with a capped call that limits dilution up to a cap; with some existing convertible notes exchanged for common stock); 8-K on Oct. 13, 2026 (Convertible notes (private offering) · announced, not yet priced · with some existing convertible notes exchanged for common stock; with a capped call that limits dilution up to a cap).

Across the broader market, the backdrop is a calm uptrend, with the VIX volatility index at 19.45. The Federal Reserve's next rate decision is on Oct. 28, 2026, 2 days away; market pricing puts the odds at 92% for a hold, 7% for a hike and 1% for a cut.

Also worth knowing about CIFR

Live CIFR data, updated every 30 minutes: CIFR insider trades, ownership and filings →

In Cipher Digital Inc.'s own words

“We are proud to have delivered our first HPC data center capacity ahead of schedule and announce that rent has commenced at the site”

— Tyler Page, Chief Executive Officer · SEC filing

From the company's earnings release filed with the SEC on 2026-08-04 (Form 8-K).

What would change the picture for CIFR

These are the specific events and levels to watch. None of them is a prediction.

• The Nov. 2, 2026 earnings report (7 days away). Cipher Digital Inc. beat estimates in 0 of the last 4 quarters (average surprise -183.3%); a miss would break that pattern.
• Insider buying: none on the open market in 90 days. A purchase by an executive or director would be the first in at least three months, and it would show up on SEC Form 4 within two business days.
• Analyst ratings: the average score moved from 4.13 to 4.16 over three months (on a scale where 5 is strong buy and 1 is strong sell). A run of downgrades after earnings usually shows up here first.
• Price levels: a close above $29.18 would be a new 52-week high, 267.5% above the latest close of $7.94; a close below $7.94 would be a new 52-week low, 0% below it.
• Growth: revenue rose 20.3% year over year in the quarter ending Jun 2026 (trend: slowing).
• New shares: dilution risk is high now. A new shelf registration (S-3) or a prospectus supplement (424B) for an offering would raise it.

How CIFR compares with its peers

Over the past month CIFR ranks 6 of 6 in this group (-56.1%); the best was WULF (-30.5%) and the weakest CIFR (-56.1%).

A dash in the P/E column means the company lost money over the last 12 months, so it has no P/E.

CIFR history: how unusual is this move?

Since 2023, CIFR never fell 56.1% or more in a month before the current period, so there is no close precedent in its recent price history.

Questions people also ask

What is CIFR's 52-week high and low?

Over the past year CIFR closed as high as $29.18 and as low as $7.94. At $7.94 (Oct. 23, 2026) it is down 72.8% from the high and 0.0% above the low.

Do analysts think CIFR is a buy?

23 of the 25 analysts who cover Cipher Digital Inc. rate it a buy or strong buy, for a consensus of Buy. Ratings describe analysts' views, not a guarantee, and they change after earnings.

Does CIFR pay a dividend?

Cipher Digital Inc. reported no dividend payments over the last 12 months in its SEC filings.

When does Cipher Digital Inc. report earnings next?

The next report is expected on Nov. 2, 2026, 7 days from now. Cipher Digital Inc. beat the average estimate in 0 of its last 4 reports.

Who is the largest shareholder of CIFR?

Among investment managers that file Form 13F, V3 Holding Ltd reported the largest CIFR position ($1.4 billion). 468 institutions reported holding CIFR for Q2 2026.

Are CIFR insiders buying or selling?

No Cipher Digital Inc. insider bought or sold CIFR on the open market in the last 90 days, according to SEC Form 4 filings.

Dates to watch for CIFR

Insider trades can come any day: they must be filed on Form 4 within two business days.

Key terms on this page

P/E ratio

Price divided by the last 12 months of earnings per share. A P/E of 20 means investors pay $20 for each $1 of yearly profit. It is only defined when the company is profitable.

Form 4

The SEC form a company's officers, directors and 10% owners must file within two business days of buying or selling its stock.

Open-market trade

A purchase or sale on the exchange at the market price, paid with the insider's own money (code P or S on Form 4), as opposed to option exercises, grants or gifts.

Form 13F

A quarterly SEC report listing the U.S. stock holdings of every investment manager with more than $100 million. It is due 45 days after each quarter ends, so it shows positions with a delay.

Dilution

When a company issues new shares, each existing share owns a smaller piece of the company. Common sources: stock offerings, convertible debt and large stock-based pay.

Form 8-K

The SEC form for material events between quarterly reports: earnings releases, deals, executive changes, stock offerings and similar news.

52-week high / low

The highest and lowest daily closing price over the past year (about 252 trading days).

Where these numbers come from

Every number on this page is computed from the data when the page is refreshed (usually daily); nothing is typed in by hand. This is information, not investment advice.

• Price: daily closing prices through Oct. 23, 2026; changes use 5, 21 and 63 trading days; the 52-week range uses the last 252 closes.
• Insider trades: SEC Form 4 filings for the last 90 days, counting only open-market purchases (code P) and sales (code S); option exercises, grants, gifts and filings with data errors are left out.
• Analyst ratings: counts of current ratings from 25 analysts, compared with three months ago.
• Earnings dates and estimates: a market-data calendar; reported vs expected EPS for the last 4 quarters.
• Valuation and growth: revenue, earnings, margins and share counts from the company's SEC filings (XBRL data, latest quarter Jun 2026); P/E and price/sales use the latest close.
• Fund ownership: SEC Form 13F filings for Q2 2026.
• Dilution: share-count changes and offering-related SEC filings (shelf registrations, prospectus supplements, convertible notes) over two years, scored 0-100.
• History: 21-trading-day moves over about three years of daily closes, counted once per episode.