Gold prices dip as December rate cut bets wane; Fed, econ. data in focus
Director Williams Wesley Hastie sold 18,769 shares of Cipher Mining Inc. NASDAQ:CIFR common stock on November 12, 2025, at a price of $17.51, for a total transaction value of $328,645. Following the transaction, Williams directly owns 208,012 shares of Cipher Mining Inc.This sale comes amid significant price volatility for CIFR, which is currently trading at $14.36, down from the $17.51 sale price. The stock has experienced a 30.6% decline over the past week, though it maintains an impressive 334% gain over the last six months. According to InvestingPro data, analysts expect Cipher Mining to become profitable this year with net income growth projected. The company’s current Fair Value assessment suggests it may be slightly undervalued at current levels. Discover 14 more exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Cipher Mining Inc. has completed a $1.4 billion offering of senior secured notes through its subsidiary, Cipher Compute LLC. The notes, which carry an interest rate of 7.125% and are due in 2030, were issued at par and sold to qualified institutional buyers in the United States and non-U.S. persons. The proceeds from this offering are intended to finance the construction of the Barber Lake Facility, a high-performance computing data center in Texas. This development follows Cipher Mining’s announcement that the offering is expected to close on November 13, 2025, subject to market conditions.
Additionally, Cipher Mining was among several cryptocurrency-related companies that experienced a significant stock decline as Bitcoin’s value fell below $100,000. The company’s stock dropped by 9.1% following the pricing of the $1.4 billion senior secured notes offering. Despite the market volatility, the company is moving forward with its plans to fund the Texas facility. Morgan Stanley & Co. acted as the representative of the initial purchasers for this transaction. These recent developments highlight Cipher Mining’s strategic financial moves amidst a fluctuating cryptocurrency market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.