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Director Cary M. Grossman sold 75,000 shares of Cipher Mining Inc. (NASDAQ:CIFR) on August 18, 2025. The shares were sold at a weighted average price of $5.89, realizing proceeds of approximately $441,750. The transaction comes as the $2.26 billion market cap company has seen its stock surge 22% in the past week, though InvestingPro data shows the stock remains notably volatile.
The sales were executed in multiple transactions with prices ranging from $5.85 to $5.935. Following the transaction, Grossman directly owns 225,530 shares of Cipher Mining Inc. According to InvestingPro analysis, analyst targets for CIFR range from $6 to $9, with the company maintaining a FAIR financial health score. Discover 12 additional exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.
In other recent news, Cipher Mining reported its second-quarter results, which fell short of market expectations. The company posted a revenue of $43.57 million, missing the anticipated $51.18 million, and an earnings per share (EPS) of -$0.12, below the forecast of -$0.0776. Despite the disappointing earnings, Macquarie raised its price target for Cipher Mining to $8.00 from $6.00, maintaining an Outperform rating, due to the company’s expansion plans. However, Cipher Mining’s operating loss of $45.8 million was worse than both consensus and Macquarie estimates. Rosenblatt Securities reiterated its Buy rating and maintained a $7.00 price target, citing the company’s solid performance and high-performance computing potential. These developments highlight the mixed reactions from analysts regarding Cipher Mining’s recent performance and future prospects.
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