Cipher Mining
CIFRMarket valuation vs the Bitcoin it holds
211.95×
live
Premium
a 21095% premium to Bitcoin NAV
Cipher Mining trades at 211.95× its Bitcoin NAV — you pay $211.95 for every $1 of Bitcoin it holds, a 52.5M USD pile.
Live · last updated
BTC held
646 BTC
Bitcoin treasury
Bitcoin NAV
52.5M USD
at today's BTC price
Market cap
11.1B USD
Fully diluted
Share price
18.3 USD
USD
Last BTC buy
86 BTC
Oct 7, 2025
mNAV over time
Last 12 months · diluted
Today's 211.95× sits in a 52-week range of 28.54× to 262.41×.
mNAV · 52-week range
28.54×–262.41×
28.54×now 211.95×262.41×
About Cipher Mining
Cipher Mining (CIFR) owns 646 BTC. At today's price that Bitcoin is worth 52.5M USD. The market caps the whole company at 11.1B USD — 211.95× its Bitcoin. Put plainly: you pay $211.95 for every $1 of Bitcoin it holds, a 21095% premium for everything that isn't the Bitcoin. It bought in at an average of 30.8K USD per coin.
Cipher Mining (CIFR) mNAV — frequently asked
- What is Cipher Mining (CIFR)'s mNAV?
- Cipher Mining's mNAV is currently 211.95×. mNAV divides CIFR's market capitalisation by the value of the Bitcoin it holds, so 211.95× means the market values the company at 211.95× the worth of its Bitcoin treasury (52.5M USD).
- Is Cipher Mining (CIFR) overvalued versus its Bitcoin?
- At 211.95×, Cipher Mining (CIFR) trades at a 21095% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 28.54×–262.41×.
- How much Bitcoin does Cipher Mining (CIFR) hold?
- Cipher Mining holds 646 BTC, worth 52.5M USD at current prices. Its most recent purchase was 86 BTC on Oct 7, 2025.
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