Key Points
- Director Cary Grossman sold 30,000 shares on March 23 at an average of $14.54 for $436,200, cutting his stake by ~14.96% to 170,530 shares (valued ≈ $2.48M), as disclosed on an SEC Form 4.
- Cipher secured a 15‑year data‑center lease with a hyperscale tenant and a $200M revolving credit facility, boosting long‑term revenue visibility and near‑term liquidity; the stock rose about 6.7% on the news.
- Analyst coverage is broadly positive overall (14 Buys, 1 Hold, 2 Sells) with a consensus price target of $23.68 and an average rating of "Moderate Buy," though a few firms have issued downgrades.
Cipher Mining Inc. (NASDAQ:CIFR - Get Free Report) Director Cary Grossman sold 30,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.54, for a total value of $436,200.00. Following the completion of the transaction, the director directly owned 170,530 shares in the company, valued at $2,479,506.20. This trade represents a 14.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Cipher Mining Stock Up 6.7%
Shares of NASDAQ CIFR opened at $15.88 on Thursday. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of -7.35 and a beta of 2.96. The company has a debt-to-equity ratio of 3.37, a current ratio of 3.79 and a quick ratio of 3.79. The business has a 50-day moving average of $15.87 and a two-hundred day moving average of $16.27. Cipher Mining Inc. has a 1 year low of $1.86 and a 1 year high of $25.52.
More Cipher Mining News
Here are the key news stories impacting Cipher Mining this week:
- Positive Sentiment: Signed a new 15‑year data‑center campus lease with an investment‑grade hyperscale tenant and secured a revolving credit facility of up to $200 million — both increase long‑term revenue visibility and near‑term liquidity for capacity expansion. Cipher Digital Announces Business Updates
- Positive Sentiment: Media coverage frames the hyperscaler deal as evidence of rising AI/datacenter demand, which can lift revenue multiples for data‑center operators and attract investor interest. Cipher Digital Stock Jumps on Hyperscaler Deal. A New Signal for AI Demand.
- Positive Sentiment: Brokerage reaffirmed a Buy and set a $22 price target (Needham), signaling analyst conviction and suggesting sizable upside versus current levels. Benzinga
- Positive Sentiment: Additional articles highlight an “AI pivot” narrative and fresh liquidity as reasons CIFR is back on traders’ radars, supporting momentum-driven buying. CIFR stock back on traders’ radar: AI pivot gains traction with long-term lease, fresh liquidity boost
- Neutral Sentiment: Wall Street commentary notes growing analyst optimism; coverage can amplify moves but does not guarantee fundamentals will change immediately. Wall Street Bulls Look Optimistic About Cipher Digital Inc. (CIFR): Should You Buy?
- Neutral Sentiment: Short‑interest reports in the recent feeds are inconsistent (showing zeros/NaN) and don’t provide a clear signal on bearish positioning; not currently a clear driver.
- Negative Sentiment: Director Cary M. Grossman sold 30,000 shares (~15% reduction in his reported stake), which investors sometimes view as a negative signal or profit‑taking by insiders. The sale could temper sentiment despite the company’s positive operational update. SEC Form 4 - Insider Sale
Wall Street Analyst Weigh In
Several research firms recently weighed in on CIFR. Keefe, Bruyette & Woods decreased their target price on Cipher Mining from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, March 11th. Zacks Research lowered shares of Cipher Mining from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 24th. Needham & Company LLC reissued a "buy" rating and set a $22.00 price objective on shares of Cipher Mining in a report on Wednesday. Wall Street Zen downgraded shares of Cipher Mining from a "hold" rating to a "strong sell" rating in a research report on Sunday, March 1st. Finally, Rosenblatt Securities restated a "buy" rating and issued a $24.00 target price on shares of Cipher Mining in a report on Thursday, March 19th. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cipher Mining has an average rating of "Moderate Buy" and a consensus price target of $23.68.
Read Our Latest Report on CIFR
Institutional Trading of Cipher Mining
Large investors have recently made changes to their positions in the company. Millennium Management LLC purchased a new position in Cipher Mining during the 1st quarter worth approximately $9,316,000. Goldman Sachs Group Inc. lifted its stake in Cipher Mining by 52.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company's stock valued at $10,765,000 after buying an additional 1,610,073 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cipher Mining by 18.1% in the second quarter. Geode Capital Management LLC now owns 7,242,210 shares of the company's stock valued at $34,621,000 after acquiring an additional 1,108,850 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Cipher Mining by 32.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 60,235 shares of the company's stock valued at $288,000 after acquiring an additional 14,649 shares during the period. Finally, Creative Planning grew its position in shares of Cipher Mining by 45.9% during the second quarter. Creative Planning now owns 115,144 shares of the company's stock worth $550,000 after acquiring an additional 36,251 shares during the last quarter. 12.26% of the stock is owned by institutional investors and hedge funds.
Cipher Mining Company Profile
(
Get Free Report)
Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.
Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.
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