Aurelius Capital Management LP Acquires Shares of 500,000 Cipher Mining Inc. $CIFR

Aurelius Capital Management LP acquired a new position in Cipher Mining Inc. (NASDAQ:CIFR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 500,000 shares of the company’s stock, valued at approximately $6,295,000. Cipher Mining makes up about 11.4% of Aurelius Capital Management LP’s investment portfolio, making the stock its 3rd biggest position. Aurelius Capital Management LP owned about 0.13% of Cipher Mining as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the business. Sherman Asset Management Inc. bought a new position in shares of Cipher Mining in the third quarter valued at about $25,000. Hollencrest Capital Management bought a new stake in Cipher Mining during the 3rd quarter worth about $31,000. Peterson Wealth Services acquired a new stake in Cipher Mining in the 3rd quarter valued at about $41,000. Steward Partners Investment Advisory LLC raised its stake in shares of Cipher Mining by 258.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 9,041 shares of the company’s stock worth $43,000 after acquiring an additional 6,516 shares during the last quarter. Finally, Maripau Wealth Management LLC bought a new position in shares of Cipher Mining in the second quarter worth about $48,000. Institutional investors own 12.26% of the company’s stock.

Insider Buying and Selling at Cipher Mining

In other Cipher Mining news, Director Wesley Hastie Williams sold 49,867 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $16.08, for a total transaction of $801,861.36. Following the transaction, the director owned 158,145 shares in the company, valued at approximately $2,542,971.60. This trade represents a 23.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Patrick Arthur Kelly sold 35,569 shares of Cipher Mining stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $15.08, for a total transaction of $536,380.52. Following the transaction, the chief operating officer directly owned 1,151,770 shares in the company, valued at $17,368,691.60. The trade was a 3.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 187,986 shares of company stock valued at $3,030,554. 2.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Cipher Mining from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.00 to $18.00 in a research note on Monday, November 24th. HC Wainwright reduced their price objective on Cipher Mining to $25.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Keefe, Bruyette & Woods decreased their price objective on Cipher Mining from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday. Wells Fargo & Company set a $18.00 target price on Cipher Mining in a research report on Monday, November 24th. Finally, Citigroup started coverage on Cipher Mining in a research note on Wednesday, November 19th. They set an “outperform” rating on the stock. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.32.

Cipher Mining Price Performance

Shares of CIFR stock opened at $13.71 on Friday. The firm’s 50 day moving average price is $16.31 and its two-hundred day moving average price is $15.75. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.79 and a current ratio of 3.79. Cipher Mining Inc. has a 52-week low of $1.86 and a 52-week high of $25.52. The stock has a market cap of $5.55 billion, a PE ratio of -6.35 and a beta of 2.96.

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.