Cipher Mining Inc. is a technology company. Co. is focused on the development and operation of bitcoin mining data centers. Co., through its subsidiaries, including Cipher Mining Technologies Inc., operates four bitcoin mining data centers in Texas. It is also developing an additional data center in Winkler County, Texas. Its Odessa data center (the Odessa Facility), which is its wholly owned 207 megawatts (MW) facility located in Odessa, Texas. The Odessa Facility is capable of producing approximately 6.4 exahash per second (EH/s). Its Alborz data center (the Alborz Facility) is located near Happy, Texas. Its Bear data center (the Bear Facility) is located near Andrews, Texas. We show 19 historical shares outstanding datapoints in our CIFR shares outstanding history coverage, used to compute CIFR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CIFR market cap history over the course of time is important for investors
interested in comparing CIFR's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CIFR versus a peer is one thing; comparing
CIFR market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CIFR can fluctuate over the course of history.
With this page we aim to empower investors researching CIFR by allowing them to research the CIFR market cap history. |
Free CIFR Email Alerts:
Video: The Importance of Market Cap
