[Form 4] Cipher Mining Inc. Insider Trading Activity
Cipher Mining insiders associated with Bitfury and Valerijs Vavilovs reported multiple open-market sales totaling 2,700,000 shares of Cipher Mining common stock across several transactions. The reported weighted-average sale prices ranged roughly from $10.80 to $12.37, and the filings show the reporting persons retain beneficial ownership of approximately 79.44 million to 81.24 million shares following each reported transaction, reflecting retained large positions held indirectly through a linked ownership structure.
The disclosures identify the reporting parties as V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd and Valerijs Vavilovs and explain the ownership chain that links these entities and individuals, with statements disclaiming beneficial ownership except to the extent of pecuniary interest.
Gli insider di Cipher Mining associati a Bitfury e a Valerijs Vavilovs hanno riportato diverse vendite sul mercato aperto per un totale di 2.700.000 azioni ordinarie di Cipher Mining in diverse transazioni. I prezzi di vendita medi ponderati si attestavano approssimativamente tra 10,80 e 12,37 dollari, e le comunicazioni mostrano che le persone riportate mantengono una proprietà benefica di circa 79,44 milioni a 81,24 milioni di azioni dopo ogni transazione, riflettendo grandi posizioni detenute indirettamente tramite una struttura di proprietà collegata.
Le divulgazioni identificano le parti riportanti come V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd e Valerijs Vavilovs e spiegano la catena proprietaria che collega queste entità e individui, con dichiarazioni che rinunciano alla proprietà benefica salvo per ilINY interesse pecuniario.
Los insiders de Cipher Mining asociados con Bitfury y Valerijs Vavilovs reportaron varias ventas en el mercado abierto por un total de 2.700.000 acciones ordinarias de Cipher Mining en varias transacciones. Los precios de venta ponderados reportados oscilaban aproximadamente entre 10,80 y 12,37 dólares, y los archivos muestran que las personas reportantes conservan una propiedad beneficiosa de aproximadamente 79,44 millones a 81,24 millones de acciones tras cada transacción, reflejando grandes posiciones mantenidas de forma indirecta a través de una estructura de propiedad vinculada.
Las divulgaciones identifican a las partes reportantes como V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd y Valerijs Vavilovs y explican la cadena de propiedad que vincula estas entidades e individuos, con declaraciones que renuncian a la propiedad beneficiosa salvo por el interés pecuniario.
Cipher Mining 내부자들 중 Bitfury 및 Valerijs Vavilovs와 관련된 이들은 여러 건의 거래에 걸쳐 공개시장 매매로 총 2,700,000주를 매도했다고 보고했습니다. 보고된 가중평균 매도 가격은 대략 10.80달러에서 12.37달러 사이였으며, 서류상 보고 당사자들은 각 거래 후 약 7,944만 주에서 8,124만 주의 수익 소유권을 보유하고 있는 것으로 표시되어, 연결된 소유 구조를 통해 간접적으로 보유한 대규모 포지션을 반영합니다.
공시는 V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd, 및 Valerijs Vavilovs를 보고 당사자로 식별하고 이들 법인과 개인을 연결하는 소유 구조를 설명하며, 이익 소유권은 pecuniary 이익의 범위를 벗어나지 않는다는 진술을 명시합니다.
Les initiés de Cipher Mining associés à Bitfury et Valerijs Vavilovs ont signalé plusieurs ventes sur le marché libre totalisant 2 700 000 actions ordinaires de Cipher Mining au cours de plusieurs transactions. Les prix de vente moyens pondérés se situaient approximativement entre 10,80 et 12,37 dollars, et les dépôts indiquent que les personnes déclarantes conservent une propriété bénéficiaire d’environ 79,44 à 81,24 millions d’actions après chaque transaction, reflétant de grandes positions détenues indirectement via une structure de propriété liée.
Les divulgations identifient les parties déclarantes comme V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd et Valerijs Vavilovs et expliquent la chaîne de propriété qui relie ces entités et individus, avec des déclarations niant toute propriété bénéfice sauf dans la mesure d’un intérêt pécuniaire.
Cipher Mining-Insideren, die mit Bitfury und Valerijs Vavilovs verbunden sind, meldeten mehrere Verkäufe am freien Markt, insgesamt 2.700.000 Cipher Mining Stammaktien über mehrere Transaktionen. Die gemeldeten gleitenden Durchschnittspreise lagen grob zwischen 10,80 und 12,37 USD, und die Einreichungen zeigen, dass die meldenden Personen nach jeder gemeldeten Transaktion einen wohltuenden Besitz von ungefähr 79,44 Millionen bis 81,24 Millionen Aktien behalten, was indirekt über eine verknüpfte Eigentumsstruktur gehaltene Großpositionen widerspiegelt.
Die Offenlegungen identifizieren die meldenden Parteien als V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd und Valerijs Vavilovs und erläutern die Eigentumskette, die diese Einheiten und Personen verbindet, mit Erklärungen, jegliches wohltuendes Eigentum abzulehnen, außer im Hinblick auf wirtschaftliche Interessen.
أفاد المطلعون على Cipher Mining المرتبطون بـ Bitfury وValerijs Vavilovs ببيعات عدة في السوق المفتوحة تبلغ مجتمعة 2,700,000 سهم من أسهم Cipher Mining العادية عبر عدة معاملات. وتراوحت الأسعار البيعية المرجحة بين حوالي 10.80 دولار و12.37 دولار، وتبين الإفصاءات أن الأشخاص المبلغين يحتفظون بملكيات مستفيدة تقارب 79.44 مليون إلى 81.24 مليون سهم بعد كل معاملة، مما يعكس مواقع كبيرة محتفظ بها بشكل غير مباشر من خلال هيكل ملكية مرتبطة.
وتحدد الإفصاحات الأطراف المبلغ عنها كـ V3 Holding Ltd وBitfury Top HoldCo B.V. وBitfury Holding B.V. وBitfury Group Ltd وValerijs Vavilovs وتشرح سلسلة الملكية التي تربط هذه الكيانات والأفراد، مع تصريحات تنفي الملكية المستفيدة إلا بحد مصلحة مالية.
Cipher Mining 的内幕人士，涉及 Bitfury 与 Valerijs Vavilovs，报告在公开市场通过多笔交易总共出售了 270 万股 Cipher Mining 普通股。 报告的加权平均出售价格大致在 10.80 美元至 12.37 美元之间，申报文件显示每笔交易后，申报人仍持有约 7,944 万至 8,124 万股的受益所有权，反映通过相关联的所有权结构间接持有的巨额头寸。
披露将申报方识别为 V3 Holding Ltd、Bitfury Top HoldCo B.V.、Bitfury Holding B.V.、Bitfury Group Ltd 与 Valerijs Vavilovs，并解释连接这些实体和个人的所有权链，声明受益所有权仅在经济利益范围内。
- Transparent disclosure of weighted-average prices and offer to provide per-trade breakdowns upon request
- Detailed ownership chain explained linking V3, Bitfury entities, and Mr. Vavilovs, aiding investor clarity
- Substantial remaining ownership (approximately 79.4M–81.2M shares) indicating continued stakeholder interest
- Large insider dispositions totaling 2,700,000 shares, which may be viewed negatively by some investors
- Concentration of ownership remains high among related parties, which may pose governance or liquidity considerations for some investors
Insights
TL;DR: Significant insider sales of 2.7M shares at ~$10.50–$12.65 reduce aggregate insider stake but large beneficial ownership remains.
The Form 4 shows material open-market dispositions totaling 2,700,000 common shares executed in multiple tranches at weighted-average prices between $10.8022 and $12.3711. After these sales, the reporting persons continue to hold large indirect positions (around 79.4M–81.2M shares), indicating the transactions were partial reductions rather than full exits. The filing clearly maps the chain of ownership among Bitfury entities and Mr. Vavilovs and includes the required weighted-average pricing disclosures and offers to provide per-trade detail on request.
TL;DR: Transactions are transparently disclosed with ownership chain explained; beneficial ownership disclaimers are included.
The filing provides compliant disclosure of multiple sales by related reporting persons and includes explanatory footnotes detailing record holders and ownership relationships. Each entity disclaims beneficial ownership beyond pecuniary interest, consistent with typical Section 16 reporting. The completeness of footnotes and the offer to provide detailed per-price trade breakdowns support regulatory transparency.
Gli insider di Cipher Mining associati a Bitfury e a Valerijs Vavilovs hanno riportato diverse vendite sul mercato aperto per un totale di 2.700.000 azioni ordinarie di Cipher Mining in diverse transazioni. I prezzi di vendita medi ponderati si attestavano approssimativamente tra 10,80 e 12,37 dollari, e le comunicazioni mostrano che le persone riportate mantengono una proprietà benefica di circa 79,44 milioni a 81,24 milioni di azioni dopo ogni transazione, riflettendo grandi posizioni detenute indirettamente tramite una struttura di proprietà collegata.
Le divulgazioni identificano le parti riportanti come V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd e Valerijs Vavilovs e spiegano la catena proprietaria che collega queste entità e individui, con dichiarazioni che rinunciano alla proprietà benefica salvo per ilINY interesse pecuniario.
Los insiders de Cipher Mining asociados con Bitfury y Valerijs Vavilovs reportaron varias ventas en el mercado abierto por un total de 2.700.000 acciones ordinarias de Cipher Mining en varias transacciones. Los precios de venta ponderados reportados oscilaban aproximadamente entre 10,80 y 12,37 dólares, y los archivos muestran que las personas reportantes conservan una propiedad beneficiosa de aproximadamente 79,44 millones a 81,24 millones de acciones tras cada transacción, reflejando grandes posiciones mantenidas de forma indirecta a través de una estructura de propiedad vinculada.
Las divulgaciones identifican a las partes reportantes como V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd y Valerijs Vavilovs y explican la cadena de propiedad que vincula estas entidades e individuos, con declaraciones que renuncian a la propiedad beneficiosa salvo por el interés pecuniario.
Cipher Mining 내부자들 중 Bitfury 및 Valerijs Vavilovs와 관련된 이들은 여러 건의 거래에 걸쳐 공개시장 매매로 총 2,700,000주를 매도했다고 보고했습니다. 보고된 가중평균 매도 가격은 대략 10.80달러에서 12.37달러 사이였으며, 서류상 보고 당사자들은 각 거래 후 약 7,944만 주에서 8,124만 주의 수익 소유권을 보유하고 있는 것으로 표시되어, 연결된 소유 구조를 통해 간접적으로 보유한 대규모 포지션을 반영합니다.
공시는 V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd, 및 Valerijs Vavilovs를 보고 당사자로 식별하고 이들 법인과 개인을 연결하는 소유 구조를 설명하며, 이익 소유권은 pecuniary 이익의 범위를 벗어나지 않는다는 진술을 명시합니다.
Les initiés de Cipher Mining associés à Bitfury et Valerijs Vavilovs ont signalé plusieurs ventes sur le marché libre totalisant 2 700 000 actions ordinaires de Cipher Mining au cours de plusieurs transactions. Les prix de vente moyens pondérés se situaient approximativement entre 10,80 et 12,37 dollars, et les dépôts indiquent que les personnes déclarantes conservent une propriété bénéficiaire d’environ 79,44 à 81,24 millions d’actions après chaque transaction, reflétant de grandes positions détenues indirectement via une structure de propriété liée.
Les divulgations identifient les parties déclarantes comme V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd et Valerijs Vavilovs et expliquent la chaîne de propriété qui relie ces entités et individus, avec des déclarations niant toute propriété bénéfice sauf dans la mesure d’un intérêt pécuniaire.
Cipher Mining-Insideren, die mit Bitfury und Valerijs Vavilovs verbunden sind, meldeten mehrere Verkäufe am freien Markt, insgesamt 2.700.000 Cipher Mining Stammaktien über mehrere Transaktionen. Die gemeldeten gleitenden Durchschnittspreise lagen grob zwischen 10,80 und 12,37 USD, und die Einreichungen zeigen, dass die meldenden Personen nach jeder gemeldeten Transaktion einen wohltuenden Besitz von ungefähr 79,44 Millionen bis 81,24 Millionen Aktien behalten, was indirekt über eine verknüpfte Eigentumsstruktur gehaltene Großpositionen widerspiegelt.
Die Offenlegungen identifizieren die meldenden Parteien als V3 Holding Ltd, Bitfury Top HoldCo B.V., Bitfury Holding B.V., Bitfury Group Ltd und Valerijs Vavilovs und erläutern die Eigentumskette, die diese Einheiten und Personen verbindet, mit Erklärungen, jegliches wohltuendes Eigentum abzulehnen, außer im Hinblick auf wirtschaftliche Interessen.
FAQ
How many Cipher Mining (CIFRW) shares were sold by the reporting persons?
At what prices were the Cipher Mining shares sold?
Who are the reporting persons in this Form 4 for Cipher Mining?
How many shares do the reporting persons beneficially own after the reported transactions?
Do the reporting persons disclaim beneficial ownership?
