The market seems to be pricing Cipher Mining Inc. with a heavy dose of skepticism. With a DCF value deeply negative and a Graham Number unavailable, the stock’s valuation appears disconnected from traditional value metrics. The Forward P/E and Earnings Yield are both negative, signaling expectations of continued losses. The Altman Z-score of 0.76 suggests significant financial distress, raising red flags about the company’s long-term viability. Overall, the financial health is precarious, and the market may not be mispricing it after all.