CIFR is trading 5.2% down today at $18.13 following $131M in variable prepaid forward sale agreements by major shareholders and a broader risk-off mood in crypto markets.
- Major holders V3 Holding and Bitfury Top HoldCo entered agreements totaling approximately $131 million, pressuring sentiment after several consecutive down sessions.
- A broader risk-off environment and slight declines in Bitcoin and Ethereum are weighing on the stock following a significant multi-month rally.