Vault-13

CIPHER MINING INC CIFRW

*W EXP 10/22/202 · Equity WRT · CUSIP 17253J114

6 institutional holders -5 vs Q1 2025
463,007463.0k shares reported held*
$347.9kreported value*
0 new 1 added 1 reduced 5 sold out net sold ≈ $326.3k (-433.9k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $0.75.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 19Q4 22: 16Q1 23: 17Q2 23: 14Q3 23: 14Q4 23: 8Q1 24: 7Q2 24: 7Q3 24: 6Q4 24: 8Q1 25: 11Q2 25: 66Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202219
Q4 202216
Q1 202317
Q2 202314
Q3 202314
Q4 20238
Q1 20247
Q2 20247
Q3 20246
Q4 20248
Q1 202511
Q2 20256

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q3 23: 2 bought or addedQ3 23: 5 cut or sold outQ4 23: 4 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 5 bought or addedQ1 24: 6 cut or sold outQ2 24: 3 bought or addedQ2 24: 4 cut or sold outQ2 24Q3 24: 2 bought or addedQ3 24: 5 cut or sold outQ4 24: 2 bought or addedQ4 24: 4 cut or sold outQ4 24Q1 25: 6 bought or addedQ1 25: 2 cut or sold outQ2 25: 1 bought or addedQ2 25: 6 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202325
Q4 2023411
Q1 202456
Q2 202434
Q3 202425
Q4 202424
Q1 202562
Q2 202516

Biggest buyers

WOLVERINE ASSET MANAGEMENT LLC Added +395+395

Biggest sellers

Man Group plc Sold out -226,009-226.0k
CSS LLC/IL Reduced -103,774-103.8k
Clarity Capital Partners LLC Sold out -57,045-57.0k
HBW ADVISORY SERVICES LLC Sold out -28,000-28.0k
Virtu Financial LLC Sold out -16,053-16.1k
UBS Group AG Sold out -3,434-3.4k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 169,692169.7k $127.4k $127.4k 0.00% Unchanged
2 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 131,208131.2k $98.7k $98.7k 0.01% Reduced -103.8k -103,774
3 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 86,37086.4k $65.0k $65.0k 0.00% Unchanged
4 SUSQUEHANNA ADVISORS GROUP, INC. 0.00% of their portfolio BALA CYNWYD, PA 50,00050.0k $37.6k $37.6k 0.00% Unchanged
5 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 25,73725.7k $19.4k $19.4k 0.00% Added +395 +395
6 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged