Kelly, Cipher Mining co-president, sells $560k in CIFR stock

Cipher Mining (NASDAQ:CIFR) Co-President and COO Patrick Arthur Kelly sold 26,581 shares of common stock on October 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as the stock trades near its 52-week high of $22, having delivered an impressive YTD return of over 300%. According to InvestingPro analysis, the stock currently appears overvalued. The sales were executed in multiple trades at prices ranging from $19.95 to $21.99, resulting in a total transaction value of $560,327.

Following the transaction, Kelly directly owns 1,213,919 shares of Cipher Mining Inc. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on May 12, 2025.

In other recent news, Cipher Mining Inc. reported mining approximately 251 bitcoin in September 2025, ending the month with a bitcoin balance of around 1,500 after selling 158 BTC as part of its treasury management strategy. The company has also issued $1.3 billion in convertible senior notes due 2031, with an option for initial purchasers to buy an additional $200 million, which was fully exercised. In a leadership update, Cipher Mining announced the upcoming retirement of Chief Financial Officer Ed Farrell, who will transition to a Senior Advisor role, with Greg Mumford stepping in as the new CFO.

Analysts have responded to recent developments with increased price targets for Cipher Mining. Canaccord Genuity raised its price target to $16, influenced by the company’s deal for the majority of its Barber Lake project. Meanwhile, Needham increased its price target to $15, highlighting the attractiveness of the Fluidstack lease backed by Google. Both firms maintained a Buy rating on the stock, signaling confidence in Cipher Mining’s strategic moves.

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