Arizona State Retirement System increased its stake in Cipher Mining Inc. (NASDAQ:CIFR – Free Report) by 15.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,723 shares of the company’s stock after purchasing an additional 8,698 shares during the quarter. Arizona State Retirement System’s holdings in Cipher Mining were worth $310,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Cipher Mining by 8.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,996 shares of the company’s stock worth $101,000 after buying an additional 2,101 shares during the last quarter. Drive Wealth Management LLC bought a new position in Cipher Mining in the third quarter valued at about $370,000. Intech Investment Management LLC purchased a new position in Cipher Mining in the third quarter worth about $133,000. Charles Schwab Investment Management Inc. grew its stake in shares of Cipher Mining by 71.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,356,044 shares of the company’s stock valued at $9,118,000 after purchasing an additional 977,963 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in shares of Cipher Mining during the 3rd quarter valued at about $583,000. Institutional investors own 12.26% of the company’s stock.
Cipher Mining Stock Up 0.3 %
NASDAQ CIFR opened at $3.04 on Friday. Cipher Mining Inc. has a 12 month low of $2.65 and a 12 month high of $7.99. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.12 billion, a PE ratio of -23.38 and a beta of 2.47. The stock’s 50 day moving average is $4.96 and its 200 day moving average is $5.01.
Wall Street Analysts Forecast Growth
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About Cipher Mining
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.
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