CIPHER MINING INC CIFR
COM · Common Stock · CUSIP 17253J106 · ISIN US17253J1060
- SectorFinancials
- IndustryFinance Services
- HeadquartersNew York, NY
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.6m this quarter). Holder counts are more reliable. Shares outstanding: 415.0m as of 2026-08-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $24.62. Options: 49 managers hold calls ($2.7bn notional), 35 hold puts ($832.5m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 77 |
| Q4 2022 | 79 |
| Q1 2023 | 70 |
| Q2 2023 | 86 |
| Q3 2023 | 80 |
| Q4 2023 | 117 |
| Q1 2024 | 126 |
| Q2 2024 | 153 |
| Q3 2024 | 167 |
| Q4 2024 | 203 |
| Q1 2025 | 199 |
| Q2 2025 | 223 |
| Q3 2025 | 298 |
| Q4 2025 | 358 |
| Q1 2026 | 371 |
| Q2 2026 | 469 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 99 | 69 |
| Q4 2024 | 130 | 58 |
| Q1 2025 | 119 | 84 |
| Q2 2025 | 147 | 69 |
| Q3 2025 | 211 | 91 |
| Q4 2025 | 237 | 133 |
| Q1 2026 | 224 | 163 |
| Q2 2026 | 295 | 161 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $834.1m | $371.7m | 0.45 |
| Q4 2025 | $1.7bn | $491.4m | 0.29 |
| Q1 2026 | $1.4bn | $450.5m | 0.33 |
| Q2 2026 | $2.7bn | $832.5m | 0.30 |
Biggest buyers
| MORGAN STANLEY | Added | +8.3m |
| Capital International Investors | New | +5.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +5.9m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +5.5m |
| Avala Global LP | New | +4.4m |
| JANE STREET GROUP, LLC | Added | +4.0m |
| Atreides Management, LP | New | +3.6m |
| Driehaus Capital Management LLC | New | +3.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.4m |
| 140 Summer Partners LP | New | +2.0m |
Biggest sellers
| V3 Holding Ltd | Reduced | -3.0m |
| D. E. Shaw & Co., Inc. | Reduced | -1.9m |
| Private Advisor Group, LLC | Reduced | -1.8m |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Reduced | -1.6m |
| Troluce Capital Advisors LLC | Sold out | -1.4m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.3m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -1.3m |
| Marex Group Ltd | Reduced | -1.3m |
| JPMORGAN CHASE & CO | Reduced | -1.1m |
| Squarepoint Ops LLC | Reduced | -766.5k |
Biggest calls
| UBS Group AG | Added | $560.0m22.9m shares |
| D. E. Shaw & Co., Inc. | Unchanged | $434.6m17.7m shares |
| WELLS FARGO & COMPANY/MN | Added | $370.3m15.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $342.4m14.0m shares |
| CITADEL ADVISORS LLC | Reduced | $195.0m8.0m shares |
| JANE STREET GROUP, LLC | Reduced | $150.9m6.2m shares |
| IMC-Chicago, LLC | Added | $93.7m3.8m shares |
| CITIGROUP INC | Added | $83.2m3.4m shares |
| GROUP ONE TRADING LLC | Added | $70.1m2.9m shares |
| Walleye Trading LLC | Added | $57.0m2.3m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $151.6m6.2m shares |
| JANE STREET GROUP, LLC | Reduced | $133.3m5.4m shares |
| CITADEL ADVISORS LLC | Reduced | $126.0m5.1m shares |
| CITIGROUP INC | Reduced | $73.5m3.0m shares |
| IMC-Chicago, LLC | Added | $60.9m2.5m shares |
| Caption Management, LLC | Added | $39.3m1.6m shares |
| GROUP ONE TRADING LLC | Added | $39.2m1.6m shares |
| SIMPLEX TRADING, LLC | Added | $35.6m1.5m shares |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | $28.1m1.1m shares |
| Tidal Investments LLC | New | $25.9m1.1m shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Bitfury Top HoldCo B.V. 13D · may seek influence -1.4 pts · filed 2026-10-07 | 13.2% |
| BlackRock, Inc. 13G · institution +1.5 pts · filed 2025-07-17 | 6.5% |
| MORGAN STANLEY 13G · institution new · filed 2026-08-13 | 6.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.5% |
| Citadel Securities GP LLC 13G · passive investor new · filed 2026-10-21 | 5.5% |
| JANE STREET GROUP, LLC 13G · passive investor +2.4 pts · filed 2026-10-21 | 5.4% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), SUSQUEHANNA SECURITIES, LLC (3.7%, 2026-02-13)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 2 | $777.0k | $777.0k |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 3 | $1.4m | $717.9k |
| Q4 2025 | 0 | — | 6 | $7.9m | $5.4m |
| Q1 2026 | 0 | — | 4 | $3.5m | $2.3m |
| Q2 2026 | 0 | — | 4 | $2.9m | — |
| Q3 2026 | 0 | — | 1 | $4.9m | $4.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-09 | Page Tyler Chief Executive Officer, director | Sold plan | $2.6m112.5k shares |
| 2026-07-08 | Page Tyler Chief Executive Officer, director | Sold plan | $2.4m112.5k shares |
| 2026-06-18 | GROSSMAN CARY M Director | Sold | $441.4k15.0k shares |
| 2026-06-16 | Newsome James E Director | Sold | $100.0k3.8k shares |
| 2026-06-04 | Bitfury Top HoldCo B.V. +4 10% owner · See Footnote | Sold | $30.6m1.2m shares |
| 2026-06-03 | Bitfury Top HoldCo B.V. +4 10% owner · See Footnote | Sold | $47.9m1.8m shares |
| 2026-05-21 | Williams Wesley Hastie Director | Sold | $311.9k14.6k shares |
| 2026-05-12 | Kelly Patrick Arthur Co-President and COO | Sold | $929.3k48.0k shares |
| 2026-05-11 | Newsome James E Director | Sold | $70.0k3.3k shares |
| 2026-05-06 | Williams Wesley Hastie Director | Sold | $627.0k28.2k shares |
| 2026-05-06 | GROSSMAN CARY M Director | Sold | $436.4k20.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| V3 Holding Ltd 100.00% of their portfolio | 58.3m $1.4bn | Reduced -3.0m |
| BlackRock, Inc. 0.01% of their portfolio | 30.4m $745.2m | Added +2.0m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 24.1m $591.0m | Added +1.8m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 16.5m $404.1m | Added +346.3k |
| JANE STREET GROUP, LLC 0.24% of their portfolio | 15.4m $378.1m | Added +4.0m |
| D. E. Shaw & Co., Inc. 0.22% of their portfolio | 14.5m $355.4m | Reduced -1.9m |
| MORGAN STANLEY 0.02% of their portfolio | 11.9m $292.3m | Added +8.3m |
| Value Aligned Research Advisors, LLC 1.63% of their portfolio | 11.1m $272.6m | Added +123.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 8.8m $253.6m | Added +414.6k |
| STATE STREET CORP 0.01% of their portfolio | 8.6m $209.9m | Added +308.0k |
| UBS Group AG 0.03% of their portfolio | 7.1m $172.9m | Added +1.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 6.3m $153.9m | Added +5.9m |
| Capital International Investors 0.03% of their portfolio | 5.9m $145.3m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.19% of their portfolio | 5.5m $135.5m | New |
| TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio | 4.8m $117.0m | Added +1.8m |
| Avala Global LP 3.99% of their portfolio | 4.4m $108.1m | New |
| Capital Research Global Investors 0.01% of their portfolio | 4.3m $106.5m | Added +9.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 4.3m $104.9m | Reduced -70.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 4.0m $97.7m | Added +3.4m |
| T. Rowe Price Investment Management, Inc. 0.06% of their portfolio | 3.7m $91.8m | Added +725.2k |
| Atreides Management, LP 0.79% of their portfolio | 3.6m $87.9m | New |
| Driehaus Capital Management LLC 0.50% of their portfolio | 3.5m $86.9m | New |
| Tidal Investments LLC 0.21% of their portfolio | 3.5m $86.3m | Reduced -371.3k |
| Alpine Fox Capital LLC 47.76% of their portfolio | 3.4m $82.6m | Reduced -390.0k |
| Invesco Ltd. 0.01% of their portfolio | 3.2m $77.9m | Reduced -85.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.0m $73.8m | Added +137.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.0m $73.2m | Added +315.5k |
| Point72 Asset Management, L.P. 0.11% of their portfolio | 2.8m $69.7m | Added +1.1m |
| Vident Advisory, LLC 0.51% of their portfolio | 2.8m $69.1m | Added +460.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.12% of their portfolio | 2.7m $65.6m | Added +29.3k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 2.3m $55.7m | Added +296.3k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 2.2m $53.8m | Reduced -323.3k |
| CITIGROUP INC 0.02% of their portfolio | 2.2m $53.4m | Added +1.2m |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 2.2m $53.3m | Reduced -5.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.0m $50.1m | Reduced -740.4k |
| Two Seas Capital LP 1.91% of their portfolio | 2.0m $50.0m | Reduced -10.0k |
| 140 Summer Partners LP 4.03% of their portfolio | 2.0m $49.8m | New |
| LuminArx Capital Management LP 5.19% of their portfolio | 2.0m $11.2m | New |
| MARSHALL WACE, LLP 0.04% of their portfolio | 1.9m $47.3m | Reduced -672.6k |
| LORD, ABBETT & CO. LLC 0.13% of their portfolio | 1.8m $44.3m | Added +751.4k |
| SAMLYN CAPITAL, LLC 0.67% of their portfolio | 1.7m $40.5m | New |
| Nuveen, LLC 0.01% of their portfolio | 1.6m $39.1m | Added +155.8k |
| BARCLAYS PLC 0.01% of their portfolio | 1.5m $37.4m | Added +182.4k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.5m $37.2m | Reduced -1.3m |
| Graham Capital Management, L.P. 0.99% of their portfolio | 1.5m $37.0m | Reduced -668.5k |
| Clearbridge Investments, LLC 0.03% of their portfolio | 1.5m $36.9m | New |
| Capital World Investors 0.00% of their portfolio | 1.5m $36.3m | New |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.33% of their portfolio | 1.5m $35.6m | Reduced -1.6m |
| MOORE CAPITAL MANAGEMENT, LP 0.80% of their portfolio | 1.4m $35.1m | New |
| Merewether Investment Management, LP 0.63% of their portfolio | 1.4m $33.6m | New |
| Rivermont Capital Management LP 4.32% of their portfolio | 1.2m $30.4m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.04% of their portfolio | 1.2m $30.0m | Reduced -225.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.2m $29.7m | Reduced -9.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.1m $27.2m | Added +47.9k |
| Yaupon Capital Management LP 0.89% of their portfolio | 1.1m $26.7m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 1.1m $26.5m | Added +328.2k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 1.1m $26.4m | New |
| Squarepoint Ops LLC 0.05% of their portfolio | 989.5k $24.2m | Reduced -766.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 928.1k $22.7m | Added +133.5k |
| TIGER GLOBAL MANAGEMENT LLC 0.09% of their portfolio | 927.0k $22.7m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 892.7k $21.9m | Reduced -522.0k |
| Bitwise Funds Trust 4.98% of their portfolio | 866.1k $21.2m | First filing |
| EXCHANGE TRADED CONCEPTS, LLC 0.10% of their portfolio | 854.9k $20.9m | Reduced -295.5k |
| Engle Capital Management, L.P. 5.19% of their portfolio | 771.3k $18.9m | Reduced -5.7k |
| Covalis Capital LLP 1.04% of their portfolio | 751.1k $18.4m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 740.2k $18.1m | Added +82.1k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 723.4k $17.7m | Added +281.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 696.0k $17.1m | Added +368.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 692.8k $17.6m | Reduced -1.1m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.03% of their portfolio | 686.9k $16.8m | New |
| Shannon River Fund Management LLC 1.46% of their portfolio | 667.9k $16.4m | New |
| Trivest Advisors Ltd 0.51% of their portfolio | 662.2k $16.2m | New |
| IMC-Chicago, LLC 0.15% of their portfolio | 656.2k $16.1m | Added +102.4k |
| Swiss National Bank 0.01% of their portfolio | 650.4k $15.9m | Added +27.5k |
| BIT Capital GmbH 0.54% of their portfolio | 637.4k $15.6m | Added +39.6k |
| GROUP ONE TRADING LLC 0.44% of their portfolio | 618.3k $15.1m | New |
| THAMES CAPITAL MANAGEMENT LLC 1.20% of their portfolio | 595.5k $14.6m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 589.2k $14.4m | Reduced -1.3m |
| HighTower Advisors, LLC 0.01% of their portfolio | 588.7k $14.4m | Reduced -76.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 546.7k $13.4m | Reduced -54.3k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 0.14% of their portfolio | 544.8k $13.3m | Added +250.3k |
| Hel Ved Capital Management Ltd 1.86% of their portfolio | 538.9k $13.2m | New |
| MANE GLOBAL CAPITAL MANAGEMENT LP 1.02% of their portfolio | 502.7k $12.3m | New |
| ALGERT GLOBAL LLC 0.14% of their portfolio | 483.0k $11.8m | Added +61.3k |
| Maridea Wealth Management LLC 1.28% of their portfolio | 481.4k $11.8m | Reduced -85.4k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 477.6k $11.7m | Reduced -306.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 474.7k $11.6m | Added +65.9k |
| WOLVERINE ASSET MANAGEMENT LLC 0.15% of their portfolio | 470.6k $11.5m | Reduced -105.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 463.2k $11.3m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 442.8k $10.8m | Added +339.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 440.6k $10.8m | Reduced -159.3k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.20% of their portfolio | 438.4k $10.7m | Added +176.7k |
| Walleye Capital LLC 0.05% of their portfolio | 431.2k $10.6m | Added +381.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 430.6k $10.6m | Added +35.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 429.8k $10.5m | Added +288.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 420.4k $5.4m | Added +46.8k |
| Azora Capital LP 0.41% of their portfolio | 394.5k $9.7m | Added +135.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 375.5k $9.2m | Added +9.5k |
| ARDSLEY ADVISORY PARTNERS LP 1.00% of their portfolio | 375.0k $9.2m | Reduced -75.0k |
| HRT FINANCIAL LP 0.02% of their portfolio | 359.7k $8.8m | Added +203.8k |