Cary Grossman Sells 30,000 Shares of Cipher Mining (NASDAQ:CIFR) Stock

Cipher Mining Inc. (NASDAQ:CIFR) Director Cary Grossman sold 30,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.54, for a total transaction of $436,200.00. Following the completion of the sale, the director directly owned 170,530 shares in the company, valued at approximately $2,479,506.20. The trade was a 14.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cipher Mining Price Performance

Shares of CIFR opened at $14.35 on Friday. The business’s 50-day moving average is $15.81 and its two-hundred day moving average is $16.25. The company has a market capitalization of $5.81 billion, a P/E ratio of -6.64 and a beta of 2.96. Cipher Mining Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $25.52. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.79 and a current ratio of 3.79.

Key Cipher Mining News

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Signed a 15‑year data‑center campus lease with an investment‑grade hyperscale tenant and secured a revolving credit facility of up to $200 million — this materially improves long‑term revenue visibility and near‑term liquidity for expansion. Cipher Digital Announces Business Updates
• Positive Sentiment: Brokerages reaffirmed Buy ratings with elevated price targets (Needham $22, Rosenblatt $24), signaling analyst conviction and implying substantial upside from current levels if execution continues. Benzinga
• Positive Sentiment: Media coverage frames the hyperscaler deal as evidence of rising AI/datacenter demand, which can re-rate data‑center operators and attract investor interest. Barron’s
• Neutral Sentiment: Wall Street commentary highlights growing analyst optimism; coverage can amplify price moves but does not change underlying bitcoin‑mining fundamentals immediately. Zacks
• Neutral Sentiment: Institutional activity shows both new buys and position increases by several funds (e.g., Goldman Sachs, Millennium), which can support liquidity but also reflect active trading rather than consensus conviction.
• Negative Sentiment: Director Cary M. Grossman sold 30,000 shares (~15% reduction in his reported holding); insider sales can be perceived as profit‑taking and may weigh on sentiment near-term. SEC Form 4 – Insider Sale
• Negative Sentiment: Crypto‑mining peers and Cipher itself reacted to downward pressure in Bitcoin/crypto markets today, leading to sectorwide weakness and heavier selling in mining stocks. 247WallSt
• Negative Sentiment: Market alerts note Cipher registered a larger decline than the broader market today, highlighting that short‑term traders are rapidly pricing in the mix of news. Zacks – Intraday Drop

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wall Street Zen cut Cipher Mining from a “hold” rating to a “strong sell” rating in a research report on Sunday, March 1st. Keefe, Bruyette & Woods dropped their price objective on shares of Cipher Mining from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 11th. Morgan Stanley initiated coverage on shares of Cipher Mining in a report on Monday, February 9th. They set an “overweight” rating and a $38.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, December 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 price target on shares of Cipher Mining in a report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.68.

Hedge Funds Weigh In On Cipher Mining

A number of large investors have recently bought and sold shares of CIFR. Vanguard Group Inc. boosted its position in Cipher Mining by 43.2% during the fourth quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock worth $482,360,000 after purchasing an additional 9,865,533 shares in the last quarter. Situational Awareness LP grew its holdings in Cipher Mining by 82.4% in the fourth quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock valued at $154,524,000 after purchasing an additional 4,728,600 shares during the period. Geode Capital Management LLC increased its position in shares of Cipher Mining by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 8,164,226 shares of the company’s stock valued at $120,519,000 after buying an additional 558,105 shares in the last quarter. State Street Corp increased its position in shares of Cipher Mining by 10.2% in the fourth quarter. State Street Corp now owns 8,078,423 shares of the company’s stock valued at $119,238,000 after buying an additional 745,030 shares in the last quarter. Finally, Value Aligned Research Advisors LLC raised its stake in shares of Cipher Mining by 45.9% during the 4th quarter. Value Aligned Research Advisors LLC now owns 7,447,495 shares of the company’s stock worth $109,925,000 after buying an additional 2,342,958 shares during the period. Institutional investors and hedge funds own 12.26% of the company’s stock.

About Cipher Mining

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.