239,015 Shares in Cipher Mining Inc. $CIFR Acquired by Regal Partners Ltd

Key Points

• Regal Partners Ltd purchased 239,015 shares of Cipher Mining (NASDAQ:CIFR) in Q3, spending about $3.01 million and ending the quarter with roughly 0.06% ownership.
• Other large investors made sizable moves—JPMorgan boosted its stake nearly 997% to 2.227 million shares, Thames Capital and Soros added/new positions, and Vanguard now holds about 22.8 million shares (~$287.2M); institutional investors own ~12.26% of the company.
• Insiders sold a total of 187,986 shares (~$3.03M) in the past 90 days (notably directors Wesley Hastie Williams and James E. Newsome), while the stock recently traded near $13.62 with a market cap of $5.52 billion and an average analyst target of $24.46 (consensus "Moderate Buy").

Regal Partners Ltd purchased a new stake in shares of Cipher Mining Inc. (NASDAQ:CIFR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 239,015 shares of the company's stock, valued at approximately $3,009,000. Regal Partners Ltd owned approximately 0.06% of Cipher Mining at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CIFR. JPMorgan Chase & Co. increased its stake in 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 buying an additional 2,023,994 shares during the period. Thames Capital Management LLC acquired a new stake in shares of Cipher Mining during the 3rd quarter valued at about $19,070,000. Legal & General Group Plc grew its stake in shares of Cipher Mining by 33.4% in the 2nd quarter. Legal & General Group Plc now owns 298,446 shares of the company's stock valued at $1,427,000 after buying an additional 74,744 shares in the last quarter. Soros Fund Management LLC raised its position in Cipher Mining by 67.5% during the second quarter. Soros Fund Management LLC now owns 1,300,000 shares of the company's stock valued at $6,214,000 after acquiring an additional 524,044 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Cipher Mining by 13.4% in the 3rd quarter. Vanguard Group Inc. now owns 22,814,653 shares of the company's stock valued at $287,236,000 after purchasing an additional 2,699,717 shares during the last quarter. Institutional investors and hedge funds 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 business's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $16.08, for a total value of $801,861.36. Following the transaction, the director directly owned 158,145 shares in the company, valued at $2,542,971.60. The trade was a 23.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Newsome sold 45,161 shares of Cipher Mining stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $15.74, for a total transaction of $710,834.14. Following the completion of the transaction, the director owned 127,331 shares of the company's stock, valued at $2,004,189.94. This trade represents a 26.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 187,986 shares of company stock worth $3,030,554 over the last ninety days. Corporate insiders own 2.63% of the company's stock.

Cipher Mining Stock Down 10.1%

Shares of NASDAQ:CIFR opened at $13.62 on Friday. The company's fifty day moving average is $16.37 and its 200-day moving average is $15.59. 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 company has a market capitalization of $5.52 billion, a PE ratio of -6.31 and a beta of 2.96.

Wall Street Analysts Forecast Growth

CIFR has been the subject of several recent analyst reports. Citigroup started coverage on Cipher Mining in a research note on Wednesday, November 19th. They set an "outperform" rating for the company. Morgan Stanley began coverage on Cipher Mining in a report on Monday, February 9th. They issued an "overweight" rating and a $38.00 target price on the stock. Wells Fargo & Company set a $18.00 price objective on shares of Cipher Mining in a research note on Monday, November 24th. Needham & Company LLC cut their price objective on shares of Cipher Mining to $22.00 and set a "buy" rating for the company in a research report on Wednesday, February 25th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $27.00 target price on shares of Cipher Mining in a research report on Monday, December 15th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $24.46.

Cipher Mining Company 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.

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