CIFR - 10% Owner Of Cipher Mining Sold $3.54M In Stock | Benzinga
It was reported on May 29, that BV HoldCo Top Bitfury, 10% Owner at Cipher Mining (NASDAQ:CIFR) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday outlined that Bitfury executed a sale of 891,720 shares of Cipher Mining with a total value of $3,542,418.
As of Thursday morning, Cipher Mining shares are down by 2.89%, currently priced at $3.69.
Unveiling the Story Behind Cipher Mining
Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.
Cipher Mining: A Financial Overview
Revenue Growth: Cipher Mining's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 119.85%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate ...