Cipher Mining (CIFR) 10% owners sell $7.35 million in stock

A group of Cipher Mining Inc. (NASDAQ:CIFR) ten-percent owners, including Bitfury Top HoldCo B.V., V3 Holding Ltd, Bitfury Holding B.V., Valerijs Vavilovs, and Bitfury Group Ltd, sold a combined 1,200,000 shares of common stock for approximately $7.35 million, according to recent SEC filings. The sales come as the stock has shown strong momentum, gaining over 25% in the past six months. InvestingPro data indicates the stock may be overbought at current levels.

The sales occurred in two tranches. On July 8, 2025, 600,000 shares were sold at a weighted average price of $6.0809, with individual sales prices ranging from $5.8599 to $6.21. The following day, July 9, 2025, another 600,000 shares were sold at a weighted average price of $6.1749, with prices ranging from $6.00 to $6.3793. With the company’s next earnings report scheduled for August 12, investors should note that CIFR’s market capitalization currently stands at $2.3 billion.

Following these transactions, the group still indirectly holds 95,367,437 shares of Cipher Mining Inc. common stock. Get deeper insights into CIFR’s valuation metrics and 15 additional key ProTips with an InvestingPro subscription.

In other recent news, Cipher Mining Inc. announced that Phase I of its Black Pearl site is now delivering approximately 3.4 EH/s of self-mining capacity, surpassing its previous guidance of 2.5 EH/s for the second quarter of 2025. The company reported a total self-mining hashrate of approximately 16.8 EH/s, with plans to scale up to about 23.1 EH/s as new mining rigs replace older units. Cipher mined approximately 160 Bitcoin in June, including power sales estimates equivalent to about 5 Bitcoin. The company sold about 58 Bitcoin in June, ending the month with a balance of approximately 1,063 Bitcoin.

Additionally, Cipher Mining conducted its 2025 Annual Meeting of Stockholders, where stockholders elected two directors and ratified the appointment of CBIZ (NYSE:CBZ) CPAs P.C. as the independent registered public accounting firm. The company also approved executive compensation on a non-binding advisory basis. Analysts at Cantor Fitzgerald raised the price target for Cipher Mining stock to $6 from $4, maintaining an Overweight rating. This decision was influenced by the anticipated energization of Phase 1 at the Black Pearl site and the company’s low power costs, which are expected to enhance cash generation.

Cantor Fitzgerald also revised their revenue and adjusted EBITDA estimates upward, reflecting confidence in Cipher Mining’s growth prospects. The company is optimistic about securing an AI/HPC tenant for its Barber Lake site, planned for a 2025 energization. Cipher Mining continues to focus on developing industrial-scale data centers for Bitcoin mining and high-performance computing hosting.

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