CIFR

Cipher Mining Inc.

There isn't enough reported data to score CIFR yet.

RNR

RenaissanceRe Holdings Ltd.

42
Fundamentals51/ 100
Valuation23/ 100
Upside potential8/ 100
Risk potential48/ 100

RNR's fundamentals are mixed, but it looks expensive: trading at 10x earnings, above its usual 7.5x. Its downside scenario is more than ten times its upside.

CIFR Fundamentals

MetricStatus
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.

RNR Fundamentals

MetricStatus
Weak
Strong
N/A
N/A

RNR's profitability is currently strong, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like RNR.

CIFR PE Valuation

CIFR has no meaningful PE right now: it lost money over the past year.

RNR PE Valuation

CHEAPFAIREXPENSIVE6.9x14x21x28x
CHEAPFAIREXPENSIVE6.9x14x21x28x
LevelPEPriceVs current
Cheap5x$171-52%
Fair7.4x$256-28%
Forward8.4x$355—
Current10x$355—
Expensive15x$500+41%

Historical ranges are pointers, not guarantees.

RNR's PE is in its fair range at 10x. On analysts' estimates for next year's earnings, today's price would be 8.4x.

CIFR Forward outlook

MetricOutlook
--
Losses shrinking
Strong growth
Strongly improving
Limited
Low

CIFR has the edge over RNR on the outlook, with more favorable earnings and revenue expectations.

RNR Forward outlook

MetricOutlook
Improving
Stable
Decline
Strongly improving
Limited
Low

Analysts expect RNR's profitability to improve, but its revenue to decline. However, they disagree widely on these estimates.

CIFR Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $7.15 on Nov 12.

There is not enough scenario data to compare CIFR and RNR's risk to reward.

RNR Risk to reward

ScenarioChangePrice
Upside+4%$368.75
Downside-48%$185.99

Calculated from the latest close: $354.66 on Nov 12.

There is not enough scenario data to compare CIFR and RNR's risk to reward.

CIFR Earnings Per Share

Q4 2023: $-0.10Q1 2024: $0.06Q2 2024: $0.06Q3 2024: $-0.13Q4 2024: $-0.14Q1 2025: $-0.38Q2 2025: $-0.45Q3 2025: $-0.20Q4 2025: $-2.15Q1 2026: $-2.32Q2 2026: $-2.85Q3 2026: $-3.06
Q4 2023: $-0.10Q1 2024: $0.06Q2 2024: $0.06Q3 2024: $-0.13Q4 2024: $-0.14Q1 2025: $-0.38Q2 2025: $-0.45Q3 2025: $-0.20Q4 2025: $-2.15Q1 2026: $-2.32Q2 2026: $-2.85Q3 2026: $-3.06
QuarterTTM EPSYoY
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.

RNR Earnings Per Share

Q4 2023: $52.27Q1 2024: $46.30Q2 2024: $51.62Q3 2024: $70.44Q4 2024: $35.21Q1 2025: $31.54Q2 2025: $39.33Q3 2025: $36.11Q4 2025: $56.03Q1 2026: $59.33Q2 2026: $57.88Q3 2026: $34.47Forward: $42.22
Q4 2023: $52.27Q1 2024: $46.30Q2 2024: $51.62Q3 2024: $70.44Q4 2024: $35.21Q1 2025: $31.54Q2 2025: $39.33Q3 2025: $36.11Q4 2025: $56.03Q1 2026: $59.33Q2 2026: $57.88Q3 2026: $34.47Forward: $42.22
QuarterTTM EPSYoY
Forward$42.22+22%
Q3 2026$34.47-4.5%
Q2 2026$57.88+47%
Q1 2026$59.33+88%
Q4 2025$56.03+59%
Q3 2025$36.11-49%
Q2 2025$39.33-24%
Q1 2025$31.54-32%
Q4 2024$35.21-33%

RNR has the edge over CIFR on earnings quality, reporting a profit while its opponent remains loss making.

CIFR Quarterly Revenue

Q4 2023: $43MQ1 2024: $48MQ2 2024: $37MQ3 2024: $24MQ4 2024: $42MQ1 2025: $49MQ2 2025: $44MQ3 2025: $72MQ4 2025: $60MQ1 2026: $35MQ2 2026: $25MQ3 2026: $27M
Q4 2023: $43MQ1 2024: $48MQ2 2024: $37MQ3 2024: $24MQ4 2024: $42MQ1 2025: $49MQ2 2025: $44MQ3 2025: $72MQ4 2025: $60MQ1 2026: $35MQ2 2026: $25MQ3 2026: $27M
QuarterRevenueYoY
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%

CIFR has the edge over RNR on sales, with more consistent year-over-year improvement.

RNR Quarterly Revenue

Q4 2023: $3.2BQ1 2024: $2.6BQ2 2024: $2.8BQ3 2024: $4BQ4 2024: $2.3BQ1 2025: $3.5BQ2 2025: $3.2BQ3 2025: $3.2BQ4 2025: $3BQ1 2026: $2.2BQ2 2026: $2.8BQ3 2026: $1.7B
Q4 2023: $3.2BQ1 2024: $2.6BQ2 2024: $2.8BQ3 2024: $4BQ4 2024: $2.3BQ1 2025: $3.5BQ2 2025: $3.2BQ3 2025: $3.2BQ4 2025: $3BQ1 2026: $2.2BQ2 2026: $2.8BQ3 2026: $1.7B
QuarterRevenueYoY
Q3 2026$1.7B-47%
Q2 2026$2.8B-14%
Q1 2026$2.2B-37%
Q4 2025$3B+30%
Q3 2025$3.2B-20%
Q2 2025$3.2B+13%
Q1 2025$3.5B+34%
Q4 2024$2.3B-29%

RNR's revenue has slid since its 2024 peak: $1.7B last quarter, down 47% from the same quarter a year ago.

CIFR Free Cash Flow

Q4 2023: −$114MQ1 2024: −$35MQ2 2024: −$33MQ3 2024: −$83MQ4 2024: −$76MQ1 2025: −$72MQ2 2025: −$88MQ3 2025: −$256MQ4 2025: −$280MQ1 2026: −$462MQ2 2026: −$654MQ3 2026: −$1.7B
Q4 2023: −$114MQ1 2024: −$35MQ2 2024: −$33MQ3 2024: −$83MQ4 2024: −$76MQ1 2025: −$72MQ2 2025: −$88MQ3 2025: −$256MQ4 2025: −$280MQ1 2026: −$462MQ2 2026: −$654MQ3 2026: −$1.7B
QuarterFree cash flowYoY
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.

RNR Free Cash Flow

Q4 2023: $512MQ1 2024: $683MQ2 2024: $1.2BQ3 2024: $1.5BQ4 2024: $779MQ1 2025: $158MQ2 2025: $1.5BQ3 2025: $1.6BQ4 2025: $483MQ1 2026: $688MQ2 2026: $852MQ3 2026: $795M
Q4 2023: $512MQ1 2024: $683MQ2 2024: $1.2BQ3 2024: $1.5BQ4 2024: $779MQ1 2025: $158MQ2 2025: $1.5BQ3 2025: $1.6BQ4 2025: $483MQ1 2026: $688MQ2 2026: $852MQ3 2026: $795M
QuarterFree cash flowYoY
Q3 2026$794.5M-50%
Q2 2026$852.4M-42%
Q1 2026$687.6M+336%
Q4 2025$483M-38%
Q3 2025$1.6B+6.2%
Q2 2025$1.5B+21%
Q1 2025$157.8M-77%
Q4 2024$778.9M+52%

RNR has the edge over CIFR on cash generation, producing positive trailing cash flow while its opponent burns cash.

CIFR Total Shares

Q4 2023: 252MQ1 2024: 304MQ2 2024: 314MQ3 2024: 333MQ4 2024: 323MQ1 2025: 361MQ2 2025: 375MQ3 2025: 393MQ4 2025: 382MQ1 2026: 405MQ2 2026: 409MQ3 2026: 440M
Q4 2023: 252MQ1 2024: 304MQ2 2024: 314MQ3 2024: 333MQ4 2024: 323MQ1 2025: 361MQ2 2025: 375MQ3 2025: 393MQ4 2025: 382MQ1 2026: 405MQ2 2026: 409MQ3 2026: 440M
PeriodChange %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.

RNR Total Shares

Q4 2023: 48MQ1 2024: 52MQ2 2024: 52MQ3 2024: 51MQ4 2024: 51MQ1 2025: 49MQ2 2025: 47MQ3 2025: 46MQ4 2025: 46MQ1 2026: 43MQ2 2026: 42MQ3 2026: 40M
Q4 2023: 48MQ1 2024: 52MQ2 2024: 52MQ3 2024: 51MQ4 2024: 51MQ1 2025: 49MQ2 2025: 47MQ3 2025: 46MQ4 2025: 46MQ1 2026: 43MQ2 2026: 42MQ3 2026: 40M
PeriodChange %Net change
Quarterly-3%-1.3M shares
1 year-12%-5.7M shares
3 years-20%-10.1M shares
5 years-13%-5.9M shares
Available history-7.5%-3.3M shares

RNR has the edge over CIFR on shareholder dilution, with a more favorable share count trend.

CIFR Net Leverage

Q4 2023: -2.2xQ1 2024: -0.9xQ2 2024: -1.2xQ3 2024: -0.7xQ4 2024: 0.5xQ1 2025: 125.4xQ3 2025: -2.3x
Q4 2023: -2.2xQ1 2024: -0.9xQ2 2024: -1.2xQ3 2024: -0.7xQ4 2024: 0.5xQ1 2025: 125.4xQ3 2025: -2.3x
QuarterNet LeverageStatus
Q3 2025-2.3xNet Cash
Q1 2025125.4xHigh
Q4 20240.5xVery low
Q3 2024-0.7xNet Cash
Q2 2024-1.2xNet Cash
Q1 2024-0.9xNet Cash
Q4 2023-2.2xNet Cash
Q2 2023-0.1xNet Cash

CIFR has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like CIFR.

RNR Net Leverage

Q4 2023: 0.0xQ1 2024: 0.1xQ2 2024: 0.1xQ3 2024: 0.1xQ4 2024: 0.1xQ1 2025: 0.4xQ2 2025: 0.3xQ3 2025: 0.2xQ4 2025: 0.2xQ1 2026: 0.2xQ2 2026: 0.2xQ3 2026: 0.4x
Q4 2023: 0.0xQ1 2024: 0.1xQ2 2024: 0.1xQ3 2024: 0.1xQ4 2024: 0.1xQ1 2025: 0.4xQ2 2025: 0.3xQ3 2025: 0.2xQ4 2025: 0.2xQ1 2026: 0.2xQ2 2026: 0.2xQ3 2026: 0.4x
QuarterNet LeverageStatus
Q3 20260.4xVery low
Q2 20260.2xVery low
Q1 20260.2xVery low
Q4 20250.2xVery low
Q3 20250.2xVery low
Q2 20250.3xVery low
Q1 20250.4xVery low
Q4 20240.1xVery low

RNR's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like RNR.

CIFR Weekly Momentum

MetricValueStatus
RSI34.4Neutral
Stochastic7.8Oversold

CIFR's weekly RSI is 34 (neutral) and its Stochastic is 8 (oversold).

RNR Weekly Momentum

MetricValueStatus
RSI67.5Neutral
Stochastic66.9Neutral

RNR's weekly RSI is 67 (neutral) and its Stochastic is 67 (neutral).

CIFR PE vs Financial Services Sector

MetricCIFRSector medianRelative
PEN/A13x—

CIFR has no meaningful PE right now: it lost money over the past year.

RNR PE vs Financial Services Sector

MetricRNRSector medianRelative
PE10x13x21% below
PE %62631 pt below

RNR is trading at 10x earnings, a 21% discount to the Financial Services sector's median of 13x.

CIFR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$10.633% below
20 week MA$15.554% below
50 week MA$17.058% below
100 week MA$12.241% below
200 week MA$7.869% below

CIFR is in a downtrend: it's below all five of its weekly moving averages, and 9% below its 200-week average.

RNR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$340.94% above
20 week MA$331.17.1% above
50 week MA$307.515% above
100 week MA$276.528% above
200 week MA$248.043% above

RNR has the edge over CIFR on trend strength, trading above more of its moving averages.

CIFR Yearly ROI

YearStart priceEnd priceROI
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.

RNR Yearly ROI

YearStart priceEnd priceROI
2020$195.7$161.4-18%
2021$161.4$167.7+3.9%
2022$167.7$186.9+11%
2023$186.9$196.0+4.9%
2024$196.0$250.6+28%
2025$250.6$281.4+12%
2026 YTD$281.4$354.7+26%

RNR has the edge over CIFR on returns for 2026, with the stronger performance.

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