NEW YORK, Jan 25, 2026, 06:58 ET — Market closed
- Cipher Mining (CIFR) ended Friday on a higher note following a volatile and uneven session.
- Bitcoin slipped early Sunday, setting the stage for a possible drag on miner stocks once U.S. markets reopen Monday.
- Next up on the calendar are the Federal Reserve’s Jan. 28 decision and Cipher’s anticipated earnings report on Feb. 24.
Cipher Mining shares closed Friday 1.1% higher at $17.57, bouncing between $16.38 and $18.66 during the session. That wide range highlighted the volatility often seen in crypto-related stocks. Trading volume hit roughly 41.7 million shares.
That’s key going into Monday since the stock often moves like a quick stand-in for bitcoin, not solely based on Cipher’s own results. Bitcoin slipped about 1.2% early Sunday, hovering near $88,417.
Risk appetite has been volatile, with traders gearing up for a packed week ahead. Julian McManus, portfolio manager on Janus Henderson’s Global Alpha Equity team, describes investors as being in a “show-me” phase—companies must prove revenue growth to back recent gains. (Reuters)
Other U.S.-listed bitcoin miners wrapped up the session with gains, showing how these stocks tend to move together. Marathon Digital climbed 2.1%, Riot Platforms added 1.3%, while TeraWulf surged 9.5% and IREN rose 8.4%.
For Cipher, the short-term action will probably track bitcoin and rate shifts more than the company’s daily moves. The stock can swing sharply when liquidity dries up, proving it doesn’t require new headlines to move.
Cipher has been expanding beyond bitcoin mining, moving into high-performance computing (HPC), specifically data center space and power for AI workloads. In a November SEC filing tied to its quarterly update, the company revealed it signed a roughly $5.5 billion, 15-year lease with Amazon Web Services to supply space and power for AI. CEO Tyler Page described that quarter as “truly transformative.” (SEC)
All eyes are on the Federal Reserve’s two-day meeting starting Jan. 27, with the policy statement dropping Jan. 28. Crypto and high-beta stocks could shift sharply if traders revise their expectations for interest rates. (Federal Reserve)
According to the company calendar, Nasdaq lists Cipher’s earnings release for Feb. 24. The report, along with any updates on capacity expansion and hosting schedules, might set the stage for the stock’s next move. (Nasdaq)
Still, risks run both directions. Should bitcoin’s fall deepen, miners could lose gains fast, since their revenue depends on the coin’s price as well as mining factors like “hashrate” — the computing power battling for new bitcoin — and electricity costs, which can tighten margins if they rise against operators.
