On July 2, Cipher Mining fell 5.78% in regular trading, trading at $21.165/share, with turnover of approximately $101 million.

On the news front, the company has seen intensive insider selling in recent weeks. Director Page Tyler sold 724,500 shares on June 22, Director Cary M. Grossman sold 15,000 shares on June 18, and executives William Iwaschuk and Patrick Arthur Kelly each reduced holdings by over 80,000 shares on June 16. Additionally, V3 Holding Ltd, a shareholder with over 10% stake, cumulatively sold more than 1.8 million shares in early June.

Fundamentally, Cipher Mining reported Q1 EPS of -$0.28 with revenue of $34.8 million, representing a 28.8% year-over-year decline, both missing market expectations. Although Morgan Stanley, Bernstein, and Jefferies maintain buy ratings with target prices ranging from $32 to $42.5, the concentrated insider selling combined with weak operating performance continues to weigh on market confidence and stock price momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)