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Bitfury Group Ltd, along with related entities, sold 2,700,000 shares of Cipher Mining Inc. (NASDAQ:CIFR) common stock between September 15 and September 17, 2025, for approximately $30.4 million. The sales occurred in multiple transactions with prices ranging from $10.80 to $12.37, with the stock trading near its 52-week high of $12.66. According to InvestingPro data, CIFR has delivered an impressive 315% return over the past year.
On September 15, 900,000 shares were sold at a weighted average price of $10.8022. The prices for these shares ranged from $10.5072 to $11.31. On September 16, 725,707 shares were sold at a weighted average price of $11.1343, in a range of $10.496 to $11.4959, and an additional 174,293 shares were sold at an average price of $11.5412, ranging from $11.4967 to $11.6344. The sales concluded on September 17, with 780,897 shares sold at an average of $11.6776, in a range of $11.21 to $12.2093, and 119,103 shares sold at an average of $12.3711, ranging from $12.21 to $12.6523. Technical indicators from InvestingPro suggest the stock is currently in overbought territory.
The shares were indirectly held by Bitfury Holding B.V., Bitfury Top HoldCo B.V., V3 Holding Limited, and Valerijs Vavilovs. Following these transactions, the entities collectively own 79,442,259 shares of Cipher Mining Inc., which currently has a market capitalization of $4.91 billion. For deeper insights into CIFR’s valuation and 18 additional key investment tips, check out the comprehensive research available on InvestingPro.
In other recent news, Cipher Mining reported mining approximately 241 bitcoin in August 2025, with its Black Pearl Phase I facility contributing to about 39% of the total production. The company sold 42 bitcoin as part of its treasury management, concluding the month with a balance of 1,414 bitcoin. Despite a second-quarter revenue miss, where Cipher Mining reported $43.6 million against the FactSet consensus of $50.6 million, Macquarie raised its price target for the company to $8.00 from $6.00, citing expansion plans. Cipher also posted a second-quarter operating loss of $45.8 million, which was higher than both consensus and Macquarie’s estimates. Canaccord Genuity increased its price target for Cipher Mining to $13.00 from $9.00, maintaining a Buy rating due to the potential of Cipher’s Barber Lake facility. Rosenblatt Securities reiterated its Buy rating with a $7.00 price target, highlighting Cipher’s solid quarterly performance and management commentary. These developments reflect the company’s ongoing operations and market evaluations.
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