Cipher Mining Draws 15.4% Short Interest While Hedge Fund Holds $57.8M Position
Cipher Mining shares have 15.40% sold short, ranking fifth among $2 billion-plus crypto mining firms. Alpine Fox LP holds a $57.8 million equity position in the company following recent tenant agreements with Amazon and Fluidstack.
1. Elevated Short Interest in Shares
Cipher Mining shares have 15.40% of float sold short, placing it fifth among crypto miners with market caps above $2 billion. This level follows CleanSpark at 31.68%, MARA Holdings at 30.24%, TeraWulf at 22.28% and Hut 8 at 16.09%, highlighting significant bearish bets.
2. Alpine Fox LP’s Major Equity Position
Alpine Fox LP holds a $57.8 million equity stake in Cipher Mining, making it the fund’s largest single-company position. This commitment underscores confidence in the company’s medium-term outlook.
3. Strategic Tenant Agreements
In the fall, Cipher Mining signed major tenant agreements with Amazon and Fluidstack for its facilities, securing long-term hosting clients. These deals aim to diversify revenue streams beyond bitcoin mining operations.