NEW YORK, Jan 25, 2026, 06:58 ET — Market closed
- Cipher Mining (CIFR) closed Friday up, despite a choppy and unpredictable trading session.
- Bitcoin dipped early Sunday, raising the risk of pressure on miner stocks when U.S. markets open Monday.
- The Federal Reserve’s decision on Jan. 28 is coming up next, with Cipher’s earnings report expected on Feb. 24.
Cipher Mining shares ended Friday up 1.1%, closing at $17.57 after swinging between $16.38 and $18.66. The wide price action underscored the typical volatility in crypto stocks. About 41.7 million shares changed hands during the session.
That matters heading into Monday, as the stock frequently acts as a rapid proxy for bitcoin, rather than reacting just to Cipher’s earnings. On Sunday, bitcoin dipped roughly 1.2%, lingering around $88,417.
Risk appetite remains unsettled as traders brace for a busy week. Julian McManus, portfolio manager on Janus Henderson’s Global Alpha Equity team, says investors are in a “show-me” mood—demanding clear revenue growth to justify recent rallies. Reuters
Other U.S.-listed bitcoin miners finished the session higher, reinforcing their usual pattern of moving in sync. Marathon Digital rose 2.1%, Riot Platforms gained 1.3%, TeraWulf jumped 9.5%, and IREN popped 8.4%.
Cipher’s stock is likely to follow bitcoin and interest rate changes closely in the short term, rather than the company’s own daily updates. When liquidity thins out, the shares can swing wildly, showing they don’t need fresh news to make big moves.
Cipher is branching out from bitcoin mining into high-performance computing (HPC), targeting data center space and power for AI workloads. In a November SEC filing linked to its quarterly report, the company disclosed a roughly $5.5 billion, 15-year lease deal with Amazon Web Services to provide space and power for AI. CEO Tyler Page called that quarter “truly transformative.” SEC
The Federal Reserve kicks off its two-day meeting on Jan. 27, with the policy statement set for release on Jan. 28. Traders are poised for potential swings in crypto and high-beta stocks, depending on any shifts in interest rate forecasts.
Nasdaq’s calendar shows Cipher is set to release earnings on Feb. 24. The report could provide fresh clues on capacity expansion and hosting plans, potentially influencing the stock’s trajectory.
Risks cut both ways. If bitcoin’s slide worsens, miners could see profits vanish quickly. Their revenue hinges on the coin’s price, but also on mining elements like “hashrate”—the computing power competing to unlock new bitcoin—and electricity costs, which can squeeze margins if they climb against operators.
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