Cipher Mining Reduces Stake as Institutional Investors Shift

Hennion & Walsh Asset Management Inc. cuts holdings in crypto mining firm by over 70%

Apr. 4, 2026 at 9:13am

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An extreme close-up of industrial banking equipment and machinery, conveying the physical and institutional nature of finance without using literal currency or charts.As institutional investors reevaluate their crypto mining holdings, the heavy machinery and infrastructure behind the industry comes into focus.Austin Today

Hennion & Walsh Asset Management Inc., an institutional investor, has significantly reduced its stake in Cipher Mining Inc. (NASDAQ:CIFR) by selling 137,326 shares during the fourth quarter. The firm's holdings in Cipher Mining are now valued at $832,000, down from $2.8 million previously.

Why it matters

This move by a major institutional investor suggests a potential shift in sentiment around crypto mining stocks as the broader market faces economic uncertainty. Cipher Mining's stock price has fluctuated significantly over the past year, reflecting the volatility in the cryptocurrency sector.

The details

According to a 13F filing with the SEC, Hennion & Walsh Asset Management Inc. cut its holdings in Cipher Mining by 70.9% during the fourth quarter. The firm now owns 56,376 shares of the crypto mining company's stock. Several other hedge funds have also modified their positions in Cipher Mining, with Vanguard Group Inc. and Invesco Ltd. among the largest institutional investors.

  • Hennion & Walsh Asset Management Inc. filed its 13F report for the fourth quarter of 2025 on April 4, 2026.
  • The firm's holdings in Cipher Mining were valued at $832,000 at the end of the reporting period.

The players

Hennion & Walsh Asset Management Inc.

An institutional investment firm that has significantly reduced its stake in 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.

Vanguard Group Inc.

One of the largest institutional investors in Cipher Mining, with over 22 million shares.

Invesco Ltd.

Another major institutional investor in Cipher Mining, with nearly 7 million shares.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

This reduction in institutional investment in Cipher Mining reflects the broader volatility and uncertainty in the cryptocurrency sector, as investors reevaluate their exposure to crypto-related assets amid economic headwinds.