Situational Awareness LP Has $154.52 Million Holdings in Cipher Mining Inc. $CIFR

Situational Awareness LP grew its position in Cipher Mining Inc. (NASDAQ:CIFR) by 82.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,469,093 shares of the company’s stock after purchasing an additional 4,728,600 shares during the period. Cipher Mining makes up approximately 2.8% of Situational Awareness LP’s holdings, making the stock its 10th biggest position. Situational Awareness LP’s holdings in Cipher Mining were worth $154,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Cipher Mining by 43.2% in the 4th 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 during the last quarter. Geode Capital Management LLC grew its position in Cipher Mining by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 8,164,226 shares of the company’s stock worth $120,519,000 after purchasing an additional 558,105 shares during the last quarter. Tidal Investments LLC grew its position in Cipher Mining by 28.3% in the 2nd quarter. Tidal Investments LLC now owns 6,984,438 shares of the company’s stock worth $33,386,000 after purchasing an additional 1,541,138 shares during the last quarter. Invesco Ltd. grew its position in Cipher Mining by 40.0% in the 3rd quarter. Invesco Ltd. now owns 6,852,074 shares of the company’s stock worth $86,268,000 after purchasing an additional 1,958,385 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in Cipher Mining by 64.9% in the 3rd quarter. Two Sigma Investments LP now owns 6,746,401 shares of the company’s stock worth $84,937,000 after purchasing an additional 2,655,015 shares during the last quarter. Institutional investors own 12.26% of the company’s stock.

Cipher Mining Stock Down 12.1%

CIFR stock opened at $22.45 on Friday. Cipher Mining Inc. has a 12 month low of $3.29 and a 12 month high of $28.62. The firm has a market cap of $9.18 billion, a PE ratio of -9.64 and a beta of 3.18. The firm has a 50 day simple moving average of $19.10 and a 200 day simple moving average of $17.29. The company has a debt-to-equity ratio of 6.13, a current ratio of 3.13 and a quick ratio of 3.13.

Cipher Mining (NASDAQ:CIFR) last released its earnings results on Tuesday, May 5th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Cipher Mining had a negative net margin of 427.79% and a negative return on equity of 117.65%. The business had revenue of $34.84 million for the quarter, compared to analyst estimates of $36.12 million. Cipher Mining’s revenue was down 28.8% compared to the same quarter last year. Equities research analysts forecast that Cipher Mining Inc. will post -0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

CIFR has been the subject of several recent analyst reports. Wall Street Zen cut shares of Cipher Mining from a “hold” rating to a “strong sell” rating in a research report on Sunday, March 1st. Sanford C. Bernstein initiated coverage on shares of Cipher Mining in a research report on Wednesday. They issued an “outperform” rating and a $32.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a research report on Friday, March 27th. Cantor Fitzgerald decreased their target price on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Rosenblatt Securities upped their target price on shares of Cipher Mining from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.69.

Insiders Place Their Bets

In related news, Director Wesley Hastie Williams sold 14,567 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $21.41, for a total value of $311,879.47. Following the completion of the sale, the director owned 115,409 shares in the company, valued at approximately $2,470,906.69. This represents a 11.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cary M. Grossman sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $21.82, for a total transaction of $436,400.00. Following the completion of the sale, the director owned 150,530 shares of the company’s stock, valued at approximately $3,284,564.60. This trade represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,013,804 shares of company stock worth $51,793,735 in the last quarter. Corporate insiders own 2.63% of the company’s stock.

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.