CIFR - Cipher Mining Insider Trades Send A Signal | Benzinga
BV HoldCo Top Bitfury, 10% Owner at Cipher Mining (NASDAQ:CIFR), executed a substantial insider sell on June 3, according to an SEC filing.
What Happened: Bitfury opted to sell 910,757 shares of Cipher Mining, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The transaction's total worth stands at $3,381,913.
The latest market snapshot at Tuesday morning reveals Cipher Mining shares up by 0.27%, trading at $3.65.
Get to Know Cipher Mining Better
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.
Financial Milestones: Cipher Mining's Journey
Revenue Growth: Over the 3 months period, Cipher Mining showcased positive performance, achieving a revenue growth rate of 119.85% as of 31 March, 2024. This reflects 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 higher than the average among peers.
Exploring Profitability:
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Gross Margin: The company shows a low gross ...