Cipher Mining Inc’s recently made public that its 10% Owner Bitfury Top HoldCo B.V. unloaded Company’s shares for reported $3.8 million on Jul 18 ’24. In the deal valued at $6.23 per share,609,644 shares were sold. As a result of this transaction, Bitfury Top HoldCo B.V. now holds 109,911,187 shares worth roughly $385.79 million.
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Then, Bitfury Top HoldCo B.V. sold 261,847 shares, generating $1,615,596 in total proceeds. Upon selling the shares at $6.17, the 10% Owner now owns 109,649,340 shares.
Before that, Bitfury Top HoldCo B.V. sold 490,275 shares. Cipher Mining Inc shares valued at $2,019,933 were divested by the 10% Owner at a price of $4.12 per share. As a result of the transaction, Bitfury Top HoldCo B.V. now holds 110,520,831 shares, worth roughly $387.93 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. BTIG Research began covering CIFR with “Buy” recommendation on September 15, 2023. Compass Point started covering the stock on June 06, 2023. It rated CIFR as “a Buy”.
Price Performance Review of CIFR
On Friday, Cipher Mining Inc [NASDAQ:CIFR] saw its stock fall -2.23% to $3.51. Over the last five days, the stock has lost -12.25%. Cipher Mining Inc shares have fallen nearly -15.01% since the year began. Nevertheless, the stocks have risen 5.09% over the past one year. While a 52-week high of $7.99 was reached on 07/17/24, a 52-week low of $2.15 was recorded on 01/25/24. SMA at 50 days reached $4.62, while 200 days put it at $3.88.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 3.44, which if violated will result in even more drops to 3.38. On the upside, there is a resistance level at 3.62. A further resistance level may holdings at 3.74. The Relative Strength Index (RSI) on the 14-day chart is 36.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.22%. Stochastics %K at 4.70% indicates the stock is a buying.
How much short interest is there in Cipher Mining Inc?
A steep rise in short interest was recorded in Cipher Mining Inc stocks on 2024-08-15, dropping by -1.72 million shares to a total of 22.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 24.11 million shares. There was a decline of -7.68%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 25, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $4 price target.
