CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
MSIF
MSC Income Fund, Inc.
MSIF's fundamentals are mixed: earnings per share grew 5.7%, but revenue fell 37%. At 7.4x earnings, it's trading below its usual 8.9x. Analysts expect earnings to hold roughly steady.
CIFR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| N/A | |
| N/A |
CIFR's revenue and profitability are currently weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like CIFR.
MSIF Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
MSIF's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like MSIF.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
MSIF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 7.4x | $12.44 | — |
| Cheap | 7.8x | $13.06 | +5% |
| Fair | 8.9x | $14.90 | +20% |
| Forward | 8.9x | $12.44 | — |
| Expensive | 10x | $16.73 | +34% |
Historical ranges are pointers, not guarantees.
MSIF's PE is in its cheap range at 7.4x. On analysts' estimates for next year's earnings, today's price would be 8.9x, in its fair range.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
CIFR has the edge over MSIF on the outlook, with more favorable earnings and profitability expectations.
MSIF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect MSIF's revenue to grow, but its profitability to weaken.
CIFR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.06 | -$2.86 |
| Q2 2026 | -$2.85 | -$2.40 |
| Q1 2026 | -$2.32 | -$1.94 |
| Q4 2025 | -$2.15 | -$2.01 |
| Q3 2025 | -$0.20 | -$0.07 |
| Q2 2025 | -$0.45 | -850% |
| Q1 2025 | -$0.38 | -733% |
| Q4 2024 | -$0.14 | -$0.04 |
CIFR lost $3.06 per share over the past year, and its loss has widened in each of the last four quarters.
MSIF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.39 | -17% |
| Q3 2026 | $1.68 | +5.7% |
| Q2 2026 | $1.63 | +15% |
| Q1 2026 | $1.33 | +6.4% |
| Q4 2025 | $1.36 | +30% |
| Q3 2025 | $1.59 | +121% |
| Q2 2025 | $1.42 | +97% |
| Q1 2025 | $1.25 | +74% |
| Q4 2024 | $1.05 | +46% |
MSIF has the edge over CIFR on earnings quality, reporting a profit while its opponent remains loss making.
CIFR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $26.7M | -63% |
| Q2 2026 | $24.8M | -43% |
| Q1 2026 | $34.8M | -29% |
| Q4 2025 | $59.7M | +41% |
| Q3 2025 | $71.7M | +198% |
| Q2 2025 | $43.6M | +18% |
| Q1 2025 | $49M | +1.7% |
| Q4 2024 | $42.2M | -2.8% |
MSIF has the stronger quarterly revenue trend. Revenue is down 63% for CIFR versus down 43% for MSIF.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -269% | -217 points |
| Q2 2026 | -316% | -212 points |
| Q1 2026 | -329% | -251 points |
| Q4 2025 | -503% | -544 points |
| Q3 2025 | -52% | +327 points |
| Q2 2025 | -104% | -60 points |
| Q1 2025 | -78% | -175 points |
| Q4 2024 | 40% | +4 points |
CIFR's operating margin was −269% last quarter, down 217 points from the same quarter a year ago.
MSIF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2022 | $13.1M | -43% |
| Q3 2022 | $17.1M | -6.1% |
| Q2 2022 | $3.7M | -85% |
| Q1 2022 | $17.9M | +8.9% |
| Q4 2021 | $23.1M | +42% |
| Q3 2021 | $18.2M | -55% |
| Q2 2021 | $24.7M | +7.4% |
| Q4 2020 | $16.3M | +230% |
MSIF's revenue has slid since its 2020 peak: $13M last quarter, down 43% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2022 | 92% | -2.3 points |
| Q3 2022 | 94% | +1.3 points |
| Q2 2022 | 68% | -29 points |
| Q1 2022 | 93% | +14 points |
| Q4 2021 | 94% | +5.4 points |
| Q3 2021 | 92% | -5.7 points |
| Q2 2021 | 97% | +2.6 points |
| Q1 2021 | 80% | N/A |
MSIF's operating margin was 92% last quarter, down 2.3 points from the same quarter a year ago.
CIFR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.7B | -$1.4B |
| Q2 2026 | -$653.8M | -$566.3M |
| Q1 2026 | -$462.5M | -$390.7M |
| Q4 2025 | -$280.3M | -$204.2M |
| Q3 2025 | -$256.2M | -$173.1M |
| Q2 2025 | -$87.5M | -$54.3M |
| Q1 2025 | -$71.8M | -$37.3M |
| Q4 2024 | -$76.1M | +$38M |
CIFR's free cash flow was −$3.1B over the past year, against −$492M the year before. Free cash flow isn't a meaningful measure for financial services companies like CIFR.
MSIF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $31.9M | +117% |
| Q2 2026 | $16.9M | -49% |
| Q1 2026 | -$18.4M | +$54.1M |
| Q4 2025 | -$45.5M | -$30.8M |
| Q3 2025 | $14.7M | -44% |
| Q2 2025 | $32.9M | +$61.2M |
| Q1 2025 | -$72.5M | -$60.9M |
| Q4 2024 | -$14.7M | -136% |
MSIF has the edge over CIFR on cash flow, with more consistent year-over-year improvement.
CIFR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.4% | +30.3M shares |
| 1 year | +12% | +46.5M shares |
| 3 years | +75% | +188M shares |
| 5 years | +102% | +222M shares |
CIFR has 440M diluted shares, up 12% from a year ago, despite $151M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7M |
| Q2 2026 | $45.2M |
| Q1 2026 | $3.8M |
| Q4 2025 | $82.3M |
| Q3 2025 | $3M |
| Q2 2025 | $3.2M |
| Q1 2025 | $1.1M |
| Q4 2024 | $16.9M |
CIFR spent $151M buying back its own shares over the past year, about six times what it spent the year before.
MSIF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -7.9K shares |
| 1 year | -4.2% | -2M shares |
| 3 years | -44% | -35M shares |
| 5 years | +13% | +5.4M shares |
| Available history | +15% | +5.8M shares |
MSIF has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $671,000 |
| Q2 2026 | — |
| Q1 2026 | $16M |
| Q4 2025 | $9M |
| Q3 2025 | $2.5M |
| Q2 2025 | $146,000 |
| Q1 2025 | — |
| Q4 2024 | $4M |
MSIF spent $26M buying back its own shares over the past year, about four times what it spent the year before.
CIFR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -2.3x | Net Cash |
| Q1 2025 | 125.4x | High |
| Q4 2024 | 0.5x | Very low |
| Q3 2024 | -0.7x | Net Cash |
| Q2 2024 | -1.2x | Net Cash |
| Q1 2024 | -0.9x | Net Cash |
| Q4 2023 | -2.2x | Net Cash |
| Q2 2023 | -0.1x | Net Cash |
CIFR has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like CIFR.
MSIF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2022 | 8,292.9x | High |
| Q4 2021 | 8,673.8x | High |
| Q3 2021 | 7,131.8x | High |
| Q2 2021 | 6,517.7x | High |
MSIF's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like MSIF.
CIFR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.4 | Neutral |
| Stochastic | 7.8 | Oversold |
CIFR's weekly RSI is 34 (neutral) and its Stochastic is 8 (oversold).
MSIF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.4 | Neutral |
| Stochastic | 61.7 | Neutral |
MSIF's weekly RSI is 53 (neutral) and its Stochastic is 62 (neutral).
CIFR PE vs Financial Services Sector
| Metric | CIFR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
CIFR has no meaningful PE right now: it lost money over the past year.
MSIF PE vs Financial Services Sector
| Metric | MSIF | Sector median | Relative |
|---|---|---|---|
| PE | 7.4x | 13x | 43% below |
| PE % | 7 | 24 | 17 pts below |
MSIF is trading at 7.4x earnings, a 43% discount to the Financial Services sector's median of 13x.
CIFR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.6 | 33% below |
| 20 week MA | $15.5 | 54% below |
| 50 week MA | $17.0 | 58% below |
| 100 week MA | $12.2 | 41% below |
| 200 week MA | $7.86 | 9% below |
MSIF has stronger trend alignment. CIFR is above 0 of 5 weekly averages versus MSIF above 3 of 3.
MSIF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.0 | 3.9% above |
| 20 week MA | $12.0 | 3.5% above |
| 50 week MA | $12.4 | 0% above |
MSIF has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 0% above its 50-week average.
CIFR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.92 | $9.95 | +0.3% |
| 2021 | $9.95 | $5.21 | -48% |
| 2022 | $5.21 | $0.54 | -90% |
| 2023 | $0.54 | $4.13 | +665% |
| 2024 | $4.13 | $4.86 | +18% |
| 2025 | $4.86 | $15.2 | +213% |
| 2026 YTD | $15.2 | $7.15 | -53% |
CIFR's yearly returns have swung widely, from +665% in 2023 to −90% in 2022. It's down 53% so far in 2026.
MSIF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $16.3 | $13.6 | -16% |
| 2026 YTD | $13.6 | $12.4 | -8.8% |
MSIF has the edge over CIFR on returns for 2026, with the stronger performance.