Bitfury Top HoldCo B.V.'s Form 4 filing
Cipher Digital Inc. (CIFR) · filed Sep 30, 2025
- Accession no.
- 0001123292-25-000474
- Filed
- Sep 30, 2025, 6:15 PM ET
- Trade date
- Sep 26-30, 2025
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 5 non-derivative transactions. Open-market sales total $67.3M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bitfury Top HoldCo B.V.CIK 0001884407 | 10% Owner |
| Vavilovs ValerijsCIK 0001887811 | 10% Owner |
| V3 Holding LtdCIK 0001887845 | 10% Owner |
| Bitfury Holding B.V.CIK 0001887853 | 10% Owner |
| Bitfury Group LtdCIK 0001887872 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 26, 2025 | Common Stock | SSaleDisposed | −1,399,268 | $11.53F1 | −$16,133,560.04 | 70,038,451 | Indirect | |
| Sep 26, 2025 | Common Stock | SSaleDisposed | −185,914 | $12.20F2 | −$2,268,150.8 | 69,852,537 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −1,811,580 | $12.03F3 | −$21,793,307.4 | 68,040,957 | Indirect | |
| Sep 29, 2025 | Common Stock | SSaleDisposed | −188,420 | $12.52F4 | −$2,359,018.4 | 67,852,537 | Indirect | |
| Sep 30, 2025 | Common Stock | SSaleDisposed | −2,000,000 | $12.39F5 | −$24,780,000 | 65,852,537 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The price reported in Column 4 represents a weighted average sales price of $11.5259. These shares were sold in multiple transactions at prices ranging from $11.0135 to $12.0134, inclusive. The reporting person undertakes to provide to Cipher Mining Inc., any security holder of Cipher Mining Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 through 5 of this Form 4.
Referenced by the price of 1 transaction in Table I.
- F2
The price reported in Column 4 represents a weighted average sales price of $12.1997. These shares were sold in multiple transactions at prices ranging from $12.0146 to $12.35, inclusive.
Referenced by the price of 1 transaction in Table I.
- F3
The price reported in Column 4 represents a weighted average sales price of $12.0326. These shares were sold in multiple transactions at prices ranging from $11.405 to $12.4048, inclusive.
Referenced by the price of 1 transaction in Table I.
- F4
The price reported in Column 4 represents a weighted average sales price of $12.5200. These shares were sold in multiple transactions at prices ranging from $12.405 to $12.67, inclusive.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 represents a weighted average sales price of $12.3871. These shares were sold in multiple transactions at prices ranging from $12.1405 to $12.76, inclusive.
Referenced by the price of 1 transaction in Table I.