CIFR - Insider Decision: BV HoldCo Top Bitfury Offloads $5.86M Worth Of Cipher Mining Stock | Benzinga
It was reported on June 26, that BV HoldCo Top Bitfury, 10% Owner at Cipher Mining (NASDAQ:CIFR) executed a significant insider sell, according to an SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Bitfury sold 1,364,818 shares of Cipher Mining. The total transaction value is $5,863,869.
Cipher Mining's shares are actively trading at $4.28, experiencing a up of 1.66% during Thursday's morning session.
About 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 revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 119.85%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Interpreting Earnings Metrics:
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Gross ...