Ten insiders at Cipher Digital Inc. (CIFR) divested shares totaling approximately $152.93 million on June 8, 2026. The transactions involved multiple entities identified as 10% owners, including Top Holdco B.V. Bitfury, Valerijs Vavilovs, Holding Ltd V3, Holding B.V. Bitfury, and Group Ltd Bitfury.
These sales occurred in two tranches. The larger portion saw approximately 977,578 shares sold per entity at a price of $25.35 per share, amounting to roughly $24.78 million for each. A subsequent sale involved 222,422 shares per entity at $26.10 per share, totaling approximately $5.81 million for each.
While insider selling can be attributed to various reasons such as portfolio diversification or tax planning, a coordinated sale of this magnitude by multiple significant shareholders may attract investor attention.