CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $2.1M to CIFR Stake

Cushing Asset Management increased its stake in Cipher Digital Inc. (CIFR) by 133,000 shares, bringing its total to 348,000 shares valued at approximately $5.5 million. This change was reported in a filing on October 26, 2026, which reflects a 61.9% increase in their position since the previous quarter.

CIFR Cipher Digital Inc.

$7.71 ▼ -52.41% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Cipher Digital Inc. Fits in Cushing Asset Management's Portfolio

Cipher Digital now accounts for 0.39% of Cushing Asset Management's total reported portfolio, ranking 40 out of 73 positions.

Other Institutional Activity in Cipher Digital Inc.

Other institutional investors have also adjusted their positions in Cipher Digital. Connor, Clark & Lunn Investment Management grew its holdings by 233,611 shares, ending with 2,649,395 shares valued at about $74.5 million. Jane Street Group, LLC increased its stake by 4,005,707 shares, bringing its total to 15,434,258 shares worth approximately $119 million. In contrast, V3 Holding Ltd reduced its position by 2,998,303 shares, now holding 58,316,694 shares valued at about $449.6 million.

Cipher Digital Inc. Stock Down 3.1%

Cipher Digital's stock closed at $7.71 on October 26, 2026, and has since traded recently around $7.69 as of October 27, 2026. The shares are trading significantly below their 50-day moving average of $14.87 and their 200-day average of $17.94, indicating that the stock has faced challenges over the past months. Additionally, the stock is about 74.5% below its 52-week high of $30.14.

Recent Earnings

Cipher Digital reported trailing twelve-month revenue of $191.1 million, but faced challenges with a year-over-year revenue decline of 43%. The next earnings report is scheduled for November 2, 2026, which may provide more insights into the company's performance.

Insider Buying and Selling at Cipher Digital Inc.

Several insiders have sold shares recently. Kelly Patrick Arthur, Co-President and COO, sold 85,084 shares on June 16, 2026, at an average price of $26.03, totaling about $2.2 million. CEO Tyler Page also sold 170,168 shares on the same day for approximately $4.4 million. These transactions occurred prior to the recent filing and may reflect the insiders' views on the company's future.

Analysts Set New Price Targets

On September 18, 2026, Morgan Stanley maintained an Overweight rating on Cipher Digital with a price target of $54. On September 21, Rothschild & Co initiated coverage with a Neutral rating and a target of $18. Following that, UBS initiated coverage with a Buy rating and a target of $23 on September 23. The consensus among analysts remains strong, with a recommendation of strong buy and a mean price target of approximately $29.36.

About Cipher Digital Inc.

Cipher Digital Inc. develops and operates large-scale data centers for bitcoin mining and high-performance computing in the U.S. The company, formerly known as Cipher Mining Inc., changed its name in February 2026. Its recent growth in data center facilities indicates a focus on expanding its operations in the technology sector.

Bottom Line

Investors will be watching Cipher Digital's upcoming earnings report on November 2, 2026, for further insights into its performance. Cushing Asset Management's recent increase in its position highlights its ongoing confidence in the company's potential despite market challenges.