On June 29, Cipher Mining declined 5.22% in regular trading, trading at $23.76/share, with turnover of $130 million.

On the news front, the company recently disclosed a series of insider selling transactions that have continued to pressure market sentiment. Director Page Tyler sold 724,500 shares on June 22, Director Grossman Cary M sold 15,000 shares on June 18, executives Iwaschuk William and Kelly Patrick Arthur each sold over 80,000 shares on June 16, and 10%-plus shareholder V3 Holding Ltd cumulatively sold over 1.8 million shares in early June. The concentrated sell-off signals have persistently weighed on investor confidence.

On the fundamental side, the company reported Q1 EPS of -$0.28, missing the analyst estimate of -$0.22, while revenue of $34.8 million declined 28.8% year-over-year and fell short of the $36.1 million consensus. Sector peer IREN also dropped 4.24%, reflecting broader weakness among digital infrastructure names.

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