Exchange Traded Concepts LLC Sells 431,330 Shares of Cipher Mining Inc. $CIFR

Exchange Traded Concepts LLC trimmed its position in Cipher Mining Inc. (NASDAQ:CIFR) by 31.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 938,599 shares of the company’s stock after selling 431,330 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Cipher Mining were worth $13,854,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Cipher Mining by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 22,814,653 shares of the company’s stock worth $287,236,000 after purchasing an additional 2,699,717 shares in the last quarter. Tidal Investments LLC boosted its position in Cipher Mining by 28.3% in the second quarter. Tidal Investments LLC now owns 6,984,438 shares of the company’s stock valued at $33,386,000 after buying an additional 1,541,138 shares in the last quarter. Invesco Ltd. boosted its position in Cipher Mining by 40.0% in the third quarter. Invesco Ltd. now owns 6,852,074 shares of the company’s stock valued at $86,268,000 after buying an additional 1,958,385 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Cipher Mining by 64.9% during the third quarter. Two Sigma Investments LP now owns 6,746,401 shares of the company’s stock worth $84,937,000 after buying an additional 2,655,015 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Cipher Mining during the third quarter worth $70,524,000. 12.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CIFR. Wall Street Zen cut Cipher Mining from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a report on Monday, December 29th. Keefe, Bruyette & Woods dropped their target price on Cipher Mining from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, March 11th. Zacks Research raised Cipher Mining from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, Canaccord Genuity Group restated a “buy” rating and set a $27.00 price target on shares of Cipher Mining in a report on Monday, December 15th. Fourteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.68.

Insider Activity

In other news, Director Cary M. Grossman sold 30,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.54, for a total value of $436,200.00. Following the transaction, the director directly owned 170,530 shares of the company’s stock, valued at $2,479,506.20. The trade was a 14.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Newsome sold 45,161 shares of the company’s stock in a transaction dated 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 owned 127,331 shares in the company, valued at approximately $2,004,189.94. The trade was a 26.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 183,797 shares of company stock worth $2,915,655. 2.63% of the stock is owned by insiders.

Cipher Mining News Summary

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.

Cipher Mining Trading Down 4.3%

CIFR opened at $13.74 on Friday. Cipher Mining Inc. has a twelve month low of $1.86 and a twelve month high of $25.52. The company has a fifty day moving average of $15.71 and a 200-day moving average of $16.34. The stock has a market cap of $5.57 billion, a PE ratio of -6.36 and a beta of 2.96. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 3.37.

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.