CIFR Cipher Digital Inc.
Price Chart
Executive Summary
Two directors sold a combined $1.06M in CIFR stock on May 6, 2026, following the company's Q1 earnings report showing a 29% YoY revenue decline and a $114.3M GAAP net loss. The insider sales represent ~0.013% of the $8.2B market cap, which is trivial and routine, but the timing immediately after a sharply negative earnings release raises the question of whether these were pre-planned 10b5-1 sales or opportunistic exits.
Key Financial Metrics
Actionable Insight
The director sales are too small relative to market cap to be a standalone bearish signal, but the timing immediately after a disastrous Q1 earnings report warrants monitoring for additional insider selling. The V3 Holding non-cash grant (5.7M shares) could indicate upcoming dilution or compensation alignment. Watch for any Form 144 filings or 10b5-1 plan amendments in the next 30 days.
Key Facts
- Two directors sold a total of 48,200 shares for $1.06M on May 6, 2026
- Sales occurred 1 day after Q1 earnings report showing 29% YoY revenue decline and $114.3M net loss
- Total insider sales represent only 0.013% of $8.2B market cap — well below materiality threshold
- V3 Holding Ltd received 5,675,984 shares as a non-cash grant on May 11, 2026 — no economic signal
- Prior 30-day insider activity: 2 sells totaling $1.1M, consistent with recent pattern
Financial Impact
Insider sales of $1.06M represent 0.013% of market cap — immaterial in dollar terms
Risk Factors
- Further insider selling if more executives follow directors' lead
- Potential dilution from the 5.7M share grant to V3 Holding
- Continued deterioration in bitcoin mining revenue and negative adjusted EBITDA
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CIFR-1778704558304 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
8-K
| $23.03 awaiting T+5 | awaiting T+5 | — | $23.03 (+0.04%) |
|
May 14, 2026
26d ago
|
Insider Cluster
| $20.33 $21.97 | ▼ −8.07% | ▼ −7.10% | $23.03 (−13.31%) |
|
May 6, 2026
5w ago
|
Insider Cluster
| $21.91 $21.24 | ▲ +3.06% | ▲ +4.23% | $23.03 (−5.13%) |
|
May 6, 2026
5w ago
|
Insider Cluster
| $21.91 $21.24 | ▲ +3.06% | ▲ +4.23% | $23.03 (−5.13%) |
|
May 6, 2026
5w ago
|
Insider Cluster
| $21.91 $20.06 | ▼ −8.44% | ▼ −9.57% | $23.03 (+5.13%) |
|
May 5, 2026
5w ago
|
8-K
| $22.10 $20.28 | ▲ +8.24% | ▲ +10.22% | $23.03 (−4.23%) |
|
May 5, 2026
5w ago
|
Press Release
| $22.10 $20.28 | ▼ −8.24% | ▼ −10.22% | $23.03 (+4.23%) |
|
Apr 21, 2026
7w ago
|
Press Release
| $19.44 $17.05 | ▼ −12.29% | ▼ −12.35% | $23.03 (+18.49%) |
|
Apr 20, 2026
7w ago
|
DEFA14A
| $18.04 $17.26 | ▼ −4.32% | ▼ −5.41% | $23.03 (+27.69%) |
|
Mar 25, 2026
10w ago
|
Press Release
| $15.88 $12.64 | ▼ −20.40% | ▼ −20.16% | $23.03 (+45.06%) |
US Market Status
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