Exchange Traded Concepts LLC Has $13.85 Million Stake in Cipher Mining Inc. $CIFR

Exchange Traded Concepts LLC lessened its holdings in shares of Cipher Mining Inc. (NASDAQ:CIFR) by 31.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 938,599 shares of the company’s stock after selling 431,330 shares during the period. Exchange Traded Concepts LLC owned 0.24% of Cipher Mining worth $13,854,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CIFR. Millennium Management LLC bought a new position in Cipher Mining in the 1st quarter valued at $9,316,000. Goldman Sachs Group Inc. lifted its position in Cipher Mining by 52.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company’s stock valued at $10,765,000 after purchasing an additional 1,610,073 shares during the period. Creative Planning lifted its position in Cipher Mining by 45.9% during the 2nd quarter. Creative Planning now owns 115,144 shares of the company’s stock valued at $550,000 after purchasing an additional 36,251 shares during the period. Swiss National Bank boosted its stake in shares of Cipher Mining by 2.5% in the 2nd quarter. Swiss National Bank now owns 483,500 shares of the company’s stock valued at $2,311,000 after purchasing an additional 11,800 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Cipher Mining by 996.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,227,021 shares of the company’s stock valued at $10,645,000 after purchasing an additional 2,023,994 shares during the last quarter. 12.26% of the stock is owned by institutional investors.

More Cipher Mining News

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

• Positive Sentiment: Needham & Company reiterated a Buy rating on CIFR, signaling continued analyst conviction and supporting upside expectations. Read More.
• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy and set a $24 price target, reinforcing a bullish analyst view that could attract buyers. Read More.
• Positive Sentiment: Zacks Research upgraded Cipher from “strong sell” to “hold,” a modest improvement in sentiment from a prior negative stance. Read More.
• Positive Sentiment: CIFR experienced a sharp gap higher tied to strength in Nasdaq futures, producing short‑term momentum that can attract momentum traders and algos. Read More.
• Neutral Sentiment: Analyst coverage is mixed overall (many Buy ratings and some Hold/Sell), leaving consensus upside but also exposing the stock to sentiment swings; consensus price targets imply material upside versus current levels. Read More.
• Negative Sentiment: Several market pieces highlight steep intraday declines (around 9% in Thursday trading), linking CIFR’s moves to Bitcoin and broader crypto‑miner volatility—this has been a direct driver of selling pressure. Read More.
• Negative Sentiment: Director Cary M. Grossman sold 30,000 shares (~15% reduction in his reported stake), a disclosed insider sale that can be interpreted as profit‑taking and may weigh on sentiment. Read More.
• Negative Sentiment: Zacks published a note highlighting a larger-than-market decline in the latest close, underscoring downside risk from near‑term price moves. Read More.

Analyst Upgrades and Downgrades

CIFR has been the subject of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $24.00 target price on shares of Cipher Mining in a report on Thursday. Wall Street Zen downgraded Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. Zacks Research upgraded Cipher Mining from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, December 29th. Finally, Morgan Stanley began coverage on Cipher Mining in a report on Monday, February 9th. They issued an “overweight” rating and a $38.00 price objective for the company. Fourteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.68.

Insider Buying and Selling

In other news, CEO Tyler Page sold 37,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $16.11, for a total value of $604,125.00. Following the completion of the sale, the chief executive officer directly owned 8,263,862 shares of the company’s stock, valued at $133,130,816.82. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James E. Newsome sold 45,161 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $15.74, for a total value of $710,834.14. Following the sale, the director directly owned 127,331 shares of the company’s stock, valued at $2,004,189.94. This represents a 26.18% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 183,797 shares of company stock worth $2,915,655. 2.63% of the stock is currently owned by company insiders.

Cipher Mining Price Performance

NASDAQ CIFR opened at $13.74 on Friday. The firm’s 50 day moving average is $15.71 and its 200-day moving average is $16.34. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 3.37. The company has a market capitalization of $5.57 billion, a PE ratio of -6.36 and a beta of 2.96. Cipher Mining Inc. has a 12-month low of $1.86 and a 12-month high of $25.52.

Cipher Mining Profile

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.