CIFR as of Oct 31 · 15:44 ET

CIFRNasdaqFinance Services

Cipher Digital Inc. · Brief

Next report

2 days

Nov 2 · before openest.Q3 FY26

Earnings

Expected move

Inputs

±12.5%implied · report alone

6.388.20

straddle ±17.3%

spot 7.29exp Nov 6ATM strike 7.5ATM straddle 1.48IV 181%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

3 of 8≥ implied

avg implied: ±12.8%
avg realized: ±13.3%

Oct 31 '24±11.4%▼−6.63%×0.58

Feb 25 '25±15.2%▼−17.42%×1.14

May 6 '25±10.8%▲+2.01%×0.19

Aug 7 '25±7.1%▼−6.53%×0.92

Q3 FY25±16.0%▲+22.04%×1.37

Feb 24 '26±12.6%▲+12.48%×0.99

Q1 FY26±11.0%▲+23.53%×2.14

Q2 FY26±17.8%▼−15.65%×0.88

quarterimplied−25%0+25%realized×

Q2 FY26±17.8%▼−15.65%×0.88

Q1 FY26±11.0%▲+23.53%×2.14

Feb '26±12.6%▲+12.48%×0.99

Q3 FY25±16.0%▲+22.04%×1.37

Aug '25±7.1%▼−6.53%×0.92

May '25±10.8%▲+2.01%×0.19

2 older reports

Feb '25±15.2%▼−17.42%×1.14

Oct '24±11.4%▼−6.63%×0.58

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Nov 2 report · est.

Bull2 of 4

5tracked funds holding CIFRN-PORT · Aug 31 '26

479managers reporting a position in the latest quarterly filings13F · Jun 30 '26

Bear2 of 4

70.00%share of revenue from the largest disclosed customer Foundry USA PoolSEC filings

5 of 8recent reports where the move came in under the options implied rangeEarnings history

AI captions · Sep 28 '26once per report · top 2 per case

Linked exposure

CIFR report session

Suppliers 1

PWRQuanta Services×0.18

Customers 2

AMZNAmazon Web Services×0.10 GOOGLGoogle×0.08

× = co-movement · max 500dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 19impliedImplied move: ±18.8% into Nov 2 earnings (Oct 19 close).Source

Oct 168-KMaterial agreement: Indenture with U.S. Bank Trust Company, National Association, as trustee (the "Trustee").Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.