FORA Capital LLC Purchases New Position in Cipher Mining Inc.

Hedge fund acquires over 127,000 shares of cryptocurrency mining company

Mar. 14, 2026 at 7:58am

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FORA Capital LLC, a hedge fund, acquired a new position in shares of Cipher Mining Inc. (NASDAQ:CIFR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 127,619 shares of the company's stock, valued at approximately $1.6 million.

Why it matters

This investment by FORA Capital represents growing institutional interest in the cryptocurrency mining sector, particularly in companies like Cipher Mining that are publicly traded. As more mainstream financial firms allocate capital to the crypto space, it could signal increased legitimacy and adoption of digital assets.

The details

According to the filing, FORA Capital purchased the 127,619 shares of Cipher Mining in the third quarter of 2022. Cipher Mining is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production.

  • FORA Capital LLC acquired the new position in Cipher Mining Inc. during the 3rd quarter of 2022.
  • Cipher Mining Inc. is a publicly traded company, listed on the Nasdaq exchange.

The players

FORA Capital LLC

A hedge fund that acquired a new position in shares of Cipher Mining Inc.

Cipher Mining Inc.

A Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States.

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The takeaway

This investment by FORA Capital reflects the growing institutional interest in the cryptocurrency mining sector, as more mainstream financial firms look to allocate capital to this emerging industry. As Cipher Mining and other publicly traded crypto mining companies continue to expand their operations, they may attract further attention from institutional investors seeking exposure to the digital asset space.