Cipher Mining (CIFR) 10% owners sell $94.6m in stock

Published 16/10/2025, 23:24
Cipher Mining (CIFR) 10% owners sell $94.6m in stock

Several entities and individuals with 10% ownership in Cipher Mining Inc (NASDAQ:CIFR) reported selling a total of $94.6 million in common stock between October 14 and October 16, 2025. The sales occurred at prices ranging from $20.29 to $21.83 per share. The transactions come as CIFR, currently valued at $7.4 billion, has delivered an impressive 303% return year-to-date. According to InvestingPro analysis, the stock’s RSI indicates overbought conditions, suggesting careful consideration for new positions.

The sales involved multiple transactions. On October 14, 1,307,887 shares were sold at an average price of $20.6322, and 524,429 shares were sold at an average price of $21.1605. On October 15, 513,259 shares were sold at an average price of $20.4197, 1,490,098 shares were sold at an average price of $21.1994 and 164,327 shares were sold at an average price of $21.8261. On October 16, 516,058 shares were sold at an average price of $20.2901 and 19,785 shares were sold at an average price of $21.1167. These prices reflect CIFR’s significant momentum, with the stock showing high price volatility and trading near its 52-week high of $22.

The reporting owners included V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Valerijs Vavilovs, and Bitfury Group Ltd, each holding a ten percent ownership in Cipher Mining Inc. Following these transactions, the filers collectively still indirectly own 61,316,694 shares. For deeper insights into CIFR’s valuation and 18 additional ProTips, including detailed ownership analysis, visit InvestingPro, where you’ll find comprehensive research reports and expert analysis.

In other recent news, Cipher Mining Inc. reported mining approximately 251 bitcoin in September 2025, with the company selling 158 BTC as part of its treasury management strategy. Cipher ended the month holding around 1,500 BTC. The company also announced a significant leadership change, with Chief Financial Officer Ed Farrell set to retire on October 14, 2025, transitioning to a Senior Advisor role. Greg Mumford, previously with Keefe, Bruyette & Woods, will succeed Farrell as CFO. Additionally, Cipher Mining issued $1.3 billion in convertible notes due 2031, with an option for initial purchasers to buy an additional $200 million in notes, which was fully exercised.

Analyst firms have adjusted their outlooks on Cipher Mining. Canaccord Genuity increased its price target for the company to $16.00, highlighting a deal for the Barber Lake project. Needham also raised its price target to $15.00, citing the attractiveness of a Fluidstack lease backed by Google. Both firms maintained a Buy rating on Cipher Mining’s stock.

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