COO Kelly Patrick Arthur sold 48,000 shares of CIFR at $19.36; stock now at $22.29 after +35.8% 90d rise, poorly timed vs fundamentals.
Kelly Patrick Arthur, Co-President and COO, sold 48,000 shares at $19.36 on 2026-05-12, reducing holdings from 1,453,776 to 1,451,856 shares. The stock has risen 35.8% over 90 days post-transaction and currently trades at $22.29—well above the $19.36 sale price—indicating the sale was poorly timed relative to subsequent price action. Across his prior 5 same-ticker sales at CIFR, Arthur achieved a 40.00% well-timed rate at the 90-day horizon, but this latest transaction contradicts that pattern: he sold into weakness only to see the stock accelerate upward. The company remains deeply unprofitable (net income of $-114.3M against $34.8M quarterly revenue), yet the 48% annual revenue growth and strong momentum may explain the disconnect between fundamentals and recent insider activity—Arthur exited a position in a loss-making business even as equity markets priced in growth.