CIFR - Cipher Mining 10% Owner Sold $3.56M In Company Stock | Benzinga
A substantial insider sell was reported on June 6, by BV HoldCo Top Bitfury, 10% Owner at Cipher Mining (NASDAQ:CIFR), based on the recent SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Bitfury sold 901,744 shares of Cipher Mining. The total transaction value is $3,558,158.
Cipher Mining shares are trading up 9.0% at $4.48 at the time of this writing on Friday morning.
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's Economic Impact: An Analysis
Positive Revenue Trend: Examining Cipher Mining's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 119.85% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average ...