---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-061591"
form_type: "8-K"
ticker: "CIFR"
cik: "0001819989"
company_name: "Cipher Digital Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:29:12.893842+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bitfury sells 10M CIFR shares at $2.95, enters 60-day lock-up on remaining 75.4% stake

## Summary
- Bitfury sold 10M shares of Cipher common stock at $2.95 per share in a private transaction.
- Sale represents 4.95% of Bitfury's Cipher holdings; after sale Bitfury owns 191.9M shares (~75.37%).
- Bitfury agreed to a 60-day lock-up on remaining shares, ending January 15, 2024.
- Bitfury CEO states sale aims to increase CIFR liquidity and float, calling company undervalued.

## SEC filing metadata
- accession: 0000950170-23-061591
- form_type: 8-K
- ticker: CIFR
- cik: 0001819989
- company_name: Cipher Digital Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819989/000095017023061591/0000950170-23-061591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819989/000095017023061591/cifr-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-061591
- JSON: https://secwatch.observer/filing/0000950170-23-061591.json
- Plain text: https://secwatch.observer/filing/0000950170-23-061591.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.