CIFRNasdaqFinance ServicesFiscal year ends December 31
Cipher Digital Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$8.94−0.04 (-0.45%)
Close on Oct 19, 2026
- Market cap
- $3.66B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
89.0%
369M of 415M shares
Institutional holders
468
138 new, 37 sold out
Net institutional buying
63M
In Q2 2026
Insider trades, 12 months
0 buys · 29 sales
Net sold $97.15M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Vavilovs Valerijs | 61,316,694 | 15.00% | 13D (active) amendment | May 13, 2026 |
| V3 Holding Ltd | 54,671,694 | 13.20% | 13D (active) amendment | Oct 5, 2026 |
| Morgan Stanley | 26,279,615 | 6.30% | 13G (passive) | Jun 30, 2026 |
| Vanguard Portfolio Management | 22,454,007 | 5.54% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 21,890,510 | 6.50% | 13G (passive) | Jun 30, 2025 |
| G1 Execution Services, LLC | 21,498,353 | 5.50% | 13G (passive) | Sep 30, 2025 |
| Jane Street Group, LLC | 21,052,810 | 5.30% | 13G (passive) amendment | Dec 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CIFR | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| V3 Holding Ltd | 58,316,694 | 14.05% | $1.43B | −3,000,000 | 100.00% |
| BlackRock, Inc. | 30,414,668 | 7.33% | $745.16M | +1,951,810 | 0.01% |
| Vanguard Portfolio Management LLC | 24,124,026 | 5.81% | $591.04M | +1,813,729 | 0.03% |
| Vanguard Capital Management LLC | 16,494,048 | 3.97% | $404.10M | +346,265 | 0.01% |
| Jane Street Group, LLC | 15,434,258 | 3.72% | $378.14M | +4,005,644 | 0.03% |
| D. E. Shaw & Co., Inc. | 14,507,309 | 3.50% | $355.43M | −1,881,226 | 0.17% |
| Morgan Stanley | 11,929,222 | 2.87% | $292.27M | +8,346,412 | 0.02% |
| Value Aligned Research Advisors, LLC | 11,125,393 | 2.68% | $272.57M | +123,787 | 0.68% |
| Geode Capital Management, LLC | 8,823,904 | 2.13% | $253.64M | +414,629 | 0.01% |
| State Street Corp | 8,565,797 | 2.06% | $209.86M | +308,002 | 0.01% |
| UBS Group AG | 7,058,847 | 1.70% | $172.94M | +1,667,558 | 0.02% |
| Price T Rowe Associates Inc /Md/ | 6,280,583 | 1.51% | $153.88K | +5,928,350 | 0.02% |
| Capital International Investors | 5,931,216 | 1.43% | $145.31M | New | 0.03% |
| Healthcare Of Ontario Pension Plan Trust Fund | 5,528,800 | 1.33% | $135.46M | New | 0.19% |
| Two Sigma Investments, LP | 4,775,520 | 1.15% | $117.00M | +1,768,258 | 0.08% |
| Avala Global LP | 4,413,315 | 1.06% | $108.13M | New | 3.99% |
| Capital Research Global Investors | 4,345,021 | 1.05% | $106.45M | +9,255 | 0.01% |
| Dimensional Fund Advisors LP | 4,280,447 | 1.03% | $104.88M | −70,913 | 0.02% |
| Wellington Management Group Llp | 3,985,806 | 0.96% | $97.65M | +3,388,359 | 0.02% |
| T. Rowe Price Investment Management, Inc. | 3,748,431 | 0.90% | $91.84K | +725,232 | 0.06% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 468 | 369M | 89.0% | 138 / 164 | 125 / 37 | 91M | 28M |
| Q1 2026 | 371 | 310M | 74.8% | 92 / 142 | 92 / 72 | 81M | 43M |
| Q4 2025 | 357 | 305M | 73.5% | 120 / 131 | 84 / 51 | 90M | 64M |
| Q3 2025 | 298 | 281M | 67.8% | 116 / 101 | 55 / 38 | 83M | 89M |
| Q2 2025 | 222 | 287M | 69.3% | 55 / 94 | 40 / 30 | 56M | 15M |
| Q1 2025 | 198 | 247M | 59.4% | 37 / 86 | 50 / 38 | 42M | 21M |
| Q4 2024 | 202 | 227M | 54.7% | 60 / 84 | 37 / 21 | 133M | 8M |
| Q3 2024 | 166 | 102M | 24.6% | 44 / 59 | 41 / 29 | 39M | 17M |
| Q2 2024 | 152 | 93M | 22.3% | 51 / 60 | 26 / 22 | 44M | 4M |
| Q1 2024 | 125 | 53M | 12.8% | 35 / 48 | 28 / 26 | 22M | 6M |
| Q4 2023 | 116 | 37M | 9.0% | 41 / 44 | 16 / 4 | 19M | 1M |
| Q3 2023 | 79 | 19M | 4.5% | 14 / 29 | 13 / 20 | 3M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CIFR | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 12,347,695 | 2.98% | $302.52M | 0.01% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 8,909,131 | 2.15% | $218.27M | 0.12% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 8,719,177 | 2.10% | $213.62M | 0.26% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 8,520,228 | 2.05% | $208.75M | 0.22% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 6,529,941 | 1.57% | $154.43M | 0.09% | May 31, 2026 |
| Vanguard Small-Cap Growth Index Fund | 5,136,577 | 1.24% | $125.85M | 0.27% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 3,713,354 | 0.89% | $82.88M | 0.24% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 3,471,076 | 0.84% | $85.04M | 0.09% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 3,135,758 | 0.76% | $76.83M | 0.50% | Jun 30, 2026 |
| Growth Fund of America | 2,872,475 | 0.69% | $67.93M | 0.02% | May 31, 2026 |
| Valkyrie Bitcoin Miners ETF | 2,537,197 | 0.61% | $62.16M | 18.09% | Jun 30, 2026 |
| T. Rowe Price New Horizons Fund, Inc. | 2,169,700 | 0.52% | $53.16M | 0.36% | Jun 30, 2026 |
| Amplify Blockchain Technology ETF | 1,890,323 | 0.46% | $46.31M | 3.98% | Jun 30, 2026 |
| Vanguard Explorer Fund | 1,747,345 | 0.42% | $39.00M | 0.18% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 1,667,502 | 0.40% | $39.44M | 0.22% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Tyler Page | Chief Executive Officer, Director | 9,371,725 | 2.26% | Jul 10, 2026 |
| William Iwaschuk | Co-President and CLO | 1,554,293 | 0.37% | Jul 2, 2026 |
| Patrick Arthur Kelly | Co-President and COO | 1,550,065 | 0.37% | Jul 2, 2026 |
| Gregory J.D. Mumford | Chief Financial Officer | 27,102 | 0.01% | Jul 2, 2026 |
| Edward J. Farrell | Chief Financial Officer | 1,482,622 | 0.36% | Oct 2, 2025 |
| Cary M. Grossman | Director | 702,579 | 0.17% | Jun 23, 2026 |
| James E. Newsome | Director | 128,530 | 0.03% | Jun 18, 2026 |
| Thomas David Duda | Director | 38,850 | 0.01% | Jun 5, 2026 |
| Caitlin Long | Director | 235,080 | 0.06% | Jun 5, 2026 |
| Wesley Hastie Williams | Director | 123,708 | 0.03% | Jun 5, 2026 |
| Robert Flatley | Director | 147,171 | 0.04% | Jun 5, 2026 |
| Holly Morrow Evans | Director | 195,512 | 0.05% | Nov 28, 2025 |
| Holding Ltd V3 | 10% owner | 71,484,833 | 17.22% | Sep 30, 2026 |
| Valerijs Vavilovs | 10% owner | 60,170,249 | 14.50% | Sep 30, 2026 |
| Holding B.V. Bitfury | 10% owner | 122,364,231 | 29.48% | Sep 30, 2026 |
| Group Ltd Bitfury | 10% owner | 58,539,116 | 14.10% | Sep 30, 2026 |
| Top HoldCo B.V. Bitfury | 10% owner | 76,944,490 | 18.54% | Sep 30, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Holding B.V. Bitfury 10% owner | Sep 28, 2026 | Other | −1,805,000 | – | – | 56,511,694 |
| Tyler Page Chief Executive Officer, Director | Jul 9, 2026 | Sale(10b5-1 plan) | −112,500 | $22.68 | $2.55M | 8,971,725 |
| Tyler Page Chief Executive Officer, Director | Jul 8, 2026 | Sale(10b5-1 plan) | −112,500 | $21.19 | $2.38M | 9,084,225 |
| William Iwaschuk Co-President and CLO | Jun 30, 2026 | Tax withholding | −18,784 | $24.50 | $460.21K | 1,554,293 |
| William Iwaschuk Co-President and CLO | Jun 30, 2026 | Tax withholding | −42,265 | $24.50 | $1.04M | 1,601,691 |
| William Iwaschuk Co-President and CLO | Jun 30, 2026 | Option exercise | +76,427 | – | – | 1,643,956 |
| William Iwaschuk Co-President and CLO | Jun 30, 2026 | Tax withholding | −16,375 | $24.50 | $401.19K | 1,567,529 |
| William Iwaschuk Co-President and CLO | Jun 30, 2026 | Option exercise | +29,611 | – | – | 1,583,904 |
| William Iwaschuk Co-President and CLO | Jun 30, 2026 | Option exercise | +33,967 | – | – | 1,573,077 |
| Patrick Arthur Kelly Co-President and COO | Jun 30, 2026 | Tax withholding | −17,341 | $24.50 | $424.85K | 1,550,065 |
| Patrick Arthur Kelly Co-President and COO | Jun 30, 2026 | Tax withholding | −39,016 | $24.50 | $955.89K | 1,601,970 |
| Patrick Arthur Kelly Co-President and COO | Jun 30, 2026 | Option exercise | +33,967 | – | – | 1,567,406 |
| Patrick Arthur Kelly Co-President and COO | Jun 30, 2026 | Option exercise | +29,611 | – | – | 1,579,676 |
| Patrick Arthur Kelly Co-President and COO | Jun 30, 2026 | Tax withholding | −15,117 | $24.50 | $370.37K | 1,564,559 |
| Patrick Arthur Kelly Co-President and COO | Jun 30, 2026 | Option exercise | +76,427 | – | – | 1,640,986 |
| Gregory J.D. Mumford Chief Financial Officer | Jun 30, 2026 | Option exercise | +17,108 | – | – | 27,102 |
| Gregory J.D. Mumford Chief Financial Officer | Jun 30, 2026 | Tax withholding | −6,895 | $24.50 | $168.93K | 20,207 |
| Tyler Page Chief Executive Officer, Director | Jun 30, 2026 | Option exercise | +113,225 | – | – | 9,078,287 |
| Tyler Page Chief Executive Officer, Director | Jun 30, 2026 | Tax withholding | −57,802 | $24.50 | $1.42M | 9,020,485 |
| Tyler Page Chief Executive Officer, Director | Jun 30, 2026 | Option exercise | +105,285 | – | – | 9,125,770 |
| Tyler Page Chief Executive Officer, Director | Jun 30, 2026 | Tax withholding | −53,748 | $24.50 | $1.32M | 9,072,022 |
| Tyler Page Chief Executive Officer, Director | Jun 30, 2026 | Tax withholding | −130,053 | $24.50 | $3.19M | 9,196,725 |
| Tyler Page Chief Executive Officer, Director | Jun 30, 2026 | Option exercise | +254,756 | – | – | 9,326,778 |
| Tyler Page Chief Executive Officer, Director | Jun 22, 2026 | Option exercise | +1,419,236 | – | – | 9,689,582 |
| Tyler Page Chief Executive Officer, Director | Jun 22, 2026 | Tax withholding | −724,520 | $28.14 | $20.39M | 8,965,062 |
| Cary M. Grossman Director | Jun 18, 2026 | Sale | −15,000 | $29.43 | $441.45K | 143,829 |
| James E. Newsome Director | Jun 16, 2026 | Sale | −3,758 | $26.60 | $99.96K | 128,530 |
| William Iwaschuk Co-President and CLO | Jun 16, 2026 | Tax withholding | −92,167 | $26.03 | $2.40M | 1,539,110 |
| Patrick Arthur Kelly Co-President and COO | Jun 16, 2026 | Tax withholding | −85,084 | $26.03 | $2.21M | 1,533,439 |
| Tyler Page Chief Executive Officer, Director | Jun 16, 2026 | Tax withholding | −170,168 | $26.03 | $4.43M | 8,270,346 |
| William Iwaschuk Co-President and CLO | Jun 14, 2026 | Option exercise | +166,667 | – | – | 1,631,277 |
| Patrick Arthur Kelly Co-President and COO | Jun 14, 2026 | Option exercise | +166,667 | – | – | 1,618,523 |
| Tyler Page Chief Executive Officer, Director | Jun 14, 2026 | Option exercise | +333,334 | – | – | 8,440,514 |
| Group Ltd Bitfury 10% owner | Jun 4, 2026 | Sale | −977,578 | $25.35 | $24.78M | 58,539,116 |
| Group Ltd Bitfury 10% owner | Jun 4, 2026 | Sale | −222,422 | $26.10 | $5.81M | 58,316,694 |
| Caitlin Long Director | Jun 3, 2026 | Award | +8,299 | – | – | 235,080 |
| Wesley Hastie Williams Director | Jun 3, 2026 | Award | +8,299 | – | – | 123,708 |
| Robert Flatley Director | Jun 3, 2026 | Award | +8,299 | – | – | 147,171 |
| Cary M. Grossman Director | Jun 3, 2026 | Award | +8,299 | – | – | 158,829 |
| James E. Newsome Director | Jun 3, 2026 | Award | +8,299 | – | – | 135,630 |
| Thomas David Duda Director | Jun 3, 2026 | Award | +8,299 | – | – | 25,979 |
| Valerijs Vavilovs 10% owner | Jun 3, 2026 | Sale | −1,146,445 | $26.28 | $30.13M | 60,170,249 |
| Valerijs Vavilovs 10% owner | Jun 3, 2026 | Sale | −624,715 | $27.17 | $16.97M | 59,545,534 |
| Valerijs Vavilovs 10% owner | Jun 3, 2026 | Sale | −28,840 | $28.10 | $810.40K | 59,516,694 |
| Wesley Hastie Williams Director | May 21, 2026 | Sale | −14,567 | $21.41 | $311.88K | 115,409 |
| Patrick Arthur Kelly Co-President and COO | May 12, 2026 | Sale | −48,000 | $19.36 | $929.28K | 1,451,856 |
| Tyler Page Chief Executive Officer, Director | May 12, 2026 | Gift | −400,000 | – | – | 8,107,180 |
| James E. Newsome Director | May 11, 2026 | Sale | −3,342 | $20.96 | $70.05K | 132,288 |
| Cary M. Grossman Director | May 6, 2026 | Sale | −20,000 | $21.82 | $436.40K | 150,530 |
| Wesley Hastie Williams Director | May 6, 2026 | Sale | −28,169 | $22.26 | $627.04K | 129,976 |
| Gregory J.D. Mumford Chief Financial Officer | Mar 31, 2026 | Option exercise | +17,108 | – | – | 17,108 |
| Gregory J.D. Mumford Chief Financial Officer | Mar 31, 2026 | Tax withholding | −7,114 | $12.87 | $91.56K | 9,994 |
| William Iwaschuk Co-President and CLO | Mar 31, 2026 | Tax withholding | −11,934 | $12.87 | $153.59K | 1,428,329 |
| William Iwaschuk Co-President and CLO | Mar 31, 2026 | Tax withholding | −13,825 | $12.87 | $177.93K | 1,410,652 |
| William Iwaschuk Co-President and CLO | Mar 31, 2026 | Option exercise | +33,968 | – | – | 1,424,477 |
| William Iwaschuk Co-President and CLO | Mar 31, 2026 | Option exercise | +76,427 | – | – | 1,504,756 |
| William Iwaschuk Co-President and CLO | Mar 31, 2026 | Option exercise | +29,611 | – | – | 1,440,263 |
| William Iwaschuk Co-President and CLO | Mar 31, 2026 | Tax withholding | −40,146 | $12.87 | $516.68K | 1,464,610 |
| Tyler Page Chief Executive Officer, Director | Mar 31, 2026 | Option exercise | +113,225 | – | – | 8,377,087 |
| Tyler Page Chief Executive Officer, Director | Mar 31, 2026 | Tax withholding | −46,147 | $12.87 | $593.91K | 8,330,940 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Tyler Page Officer, Director | Jul 9, 2026 | 112,500 | $2.55M | Jul 9, 2026 | Restricted Stock Vesting |
| Tyler Page Officer, Director | Jul 8, 2026 | 112,500 | $2.38M | Jul 8, 2026 | Restricted Stock Vesting |
| Cary M. Grossman Director | Jun 18, 2026 | 15,000 | $441.00K | Jun 18, 2026 | Directors Compensation |
| Newsome James Director | Jun 16, 2026 | 3,758 | $98.50K | Jun 16, 2026 | Executive Compensation |
| Wesley Hastie Williams Officer | May 21, 2026 | 15,000 | $319.50K | May 21, 2026 | RSU Vesting |
| Kelly Patrick Officer | May 12, 2026 | 48,000 | $929.28K | May 12, 2026 | Restricted stock vesting under a registered plan |
| Cary M. Grossman Director | May 6, 2026 | 20,000 | $437.80K | May 6, 2026 | Purchase of organizational stock |
| Wesley Hastie Williams Director | May 6, 2026 | 30,000 | $660.00K | May 6, 2026 | director grants |
| Tyler Page Officer, Director | Mar 25, 2026 | 37,500 | $604.13K | Mar 25, 2026 | Restricted Stock Vesting |
| Cary M. Grossman Director | Mar 23, 2026 | 30,000 | $436.50K | Mar 23, 2026 | Purchase of organizational stock |
| Patrick Arthur Kelly Officer | Mar 16, 2026 | 35,568 | $525.52K | Mar 16, 2026 | Restricted Stock Vesting |
| Newsome James Officer | Mar 4, 2026 | 45,161 | $711.29K | Mar 4, 2026 | Executive Compensation |
| Patrick Arthur Kelly Officer | Feb 17, 2026 | 35,568 | $568.20K | Feb 17, 2026 | Restricted Stock Vesting |
| Patrick Arthur Kelly Officer | Jan 15, 2026 | 35,568 | $631.60K | Jan 15, 2026 | Restricted Stock Vesting |
| Wesley Hastie Williams Director | Dec 19, 2025 | 50,000 | $804.00K | Dec 19, 2025 | Director Grants |