Anthracite Investment Company Inc. Makes New $163,000 Investment in Cipher Mining Inc. $CIFR

Anthracite Investment Company Inc. bought a new position in Cipher Mining Inc. (NASDAQ:CIFR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 34,000 shares of the company’s stock, valued at approximately $163,000.

Several other large investors have also bought and sold shares of CIFR. Cambridge Investment Research Advisors Inc. raised its holdings in Cipher Mining by 27.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 79,369 shares of the company’s stock worth $183,000 after buying an additional 17,319 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in Cipher Mining by 76.8% in the first quarter. Vontobel Holding Ltd. now owns 147,872 shares of the company’s stock worth $340,000 after buying an additional 64,240 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Cipher Mining in the first quarter worth about $82,000. Bank of New York Mellon Corp raised its holdings in Cipher Mining by 6.9% in the first quarter. Bank of New York Mellon Corp now owns 637,760 shares of the company’s stock worth $1,467,000 after buying an additional 41,253 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in Cipher Mining in the first quarter worth about $37,000. 12.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Cipher Mining in a report on Tuesday, October 14th. Jones Trading assumed coverage on shares of Cipher Mining in a report on Monday, July 21st. They set a “hold” rating for the company. BTIG Research boosted their price objective on shares of Cipher Mining from $9.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Arete Research assumed coverage on shares of Cipher Mining in a report on Wednesday, September 24th. They set a “buy” rating and a $24.00 price objective for the company. Finally, Arete assumed coverage on shares of Cipher Mining in a report on Wednesday, September 24th. They set a “buy” rating and a $24.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.68.

Insider Buying and Selling

In other Cipher Mining news, COO Patrick Arthur Kelly sold 26,581 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $21.08, for a total value of $560,327.48. Following the completion of the transaction, the chief operating officer directly owned 1,213,919 shares in the company, valued at $25,589,412.52. This represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Holding Ltd V3 sold 535,843 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $20.32, for a total transaction of $10,888,329.76. Following the completion of the transaction, the insider owned 61,316,694 shares of the company’s stock, valued at approximately $1,245,955,222.08. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,585,388 shares of company stock valued at $281,602,231. 2.63% of the stock is owned by corporate insiders.

Cipher Mining Stock Up 19.8%

Shares of CIFR stock opened at $20.66 on Friday. Cipher Mining Inc. has a 12 month low of $1.86 and a 12 month high of $22.00. The stock has a market cap of $8.13 billion, a P/E ratio of -48.05 and a beta of 2.87. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $12.37 and a two-hundred day simple moving average of $7.03.

Cipher Mining (NASDAQ:CIFR) last announced its earnings results on Thursday, August 7th. The company reported ($0.12) EPS for the quarter, meeting analysts’ consensus estimates of ($0.12). Cipher Mining had a negative net margin of 96.95% and a negative return on equity of 21.71%. The business had revenue of $43.57 million during the quarter, compared to analysts’ expectations of $51.89 million. On average, research analysts expect that Cipher Mining Inc. will post -0.31 earnings per share for the current year.

Cipher Mining Profile

Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.