Cipher Mining Surges 39%, Reaching $12 Billion Despite Weak Performance

Cipher Mining (CIFR) shares climbed 39% over a six-day winning streak.

The rally added approximately $3.3 billion to the company’s market capitalization. Total market valuation now stands at roughly $12 billion.

Analysts flag the valuation as high relative to weak operating performance. The company issued no specific announcements on June 22, 2026. Continued market momentum likely drove the recent gains.