S&P 500 cuts losses as Nvidia climbs ahead of results
Patrick Arthur Kelly, Co-President and COO of Cipher Mining Inc (NASDAQ:CIFR), sold 44,871 shares of common stock on August 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed in multiple trades at prices ranging from $5.02 to $5.35, with a weighted average sale price of $5.20, totaling approximately $233,329. The stock, currently trading at $5.76, has shown remarkable strength with a 22% gain over the past week. According to InvestingPro analysis, analysts maintain a bullish outlook with price targets ranging from $6 to $9.
Following the transaction, Kelly directly owns 1,089,260 shares of Cipher Mining Inc. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Kelly on May 12, 2025. InvestingPro data reveals the company maintains strong liquidity with a current ratio of 4.18, though it faces challenges with cash burn. For deeper insights into CIFR’s financial health and 12+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Cipher Mining reported its second-quarter results for 2025, which fell short of market expectations. The company posted revenue of $43.57 million, missing the anticipated $51.18 million, and an earnings per share (EPS) of -$0.12, compared to the forecast of -$0.0776. Despite the revenue miss, Macquarie raised its price target for Cipher Mining to $8.00 from $6.00, maintaining an Outperform rating, citing the company’s expansion plans. However, the company reported an operating loss of $45.8 million, which was worse than both the consensus and Macquarie’s estimates. Rosenblatt Securities reiterated its Buy rating and $7.00 price target, highlighting Cipher Mining’s solid quarterly performance and potential in high-performance computing (HPC). These developments come amid the company’s ongoing efforts to expand its operations. Investors are closely watching Cipher Mining as it navigates these challenges.
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