Co-President & CLO Iwaschuk sold 173,094 shares of CIFR at $22.52 for $3.9M, leaving 1.05M shares; stock now down 12.1% from 52-week high despite +357.0% 90-day surge.
Iwaschuk's sale of 173,094 shares (173.1K shares) at $22.52 represents a reduction of 14.1% of his pre-transaction holdings from 1.23M to 1.05M shares, executed after the stock surged +357.0% over 90 days and +37.8% over 30 days to reach near its 52-week high of $24.71. His cross-ticker track record shows 1 prior open-market sell with a 90-day well-timed rate of 0.00%, meaning that sale resulted in the stock rising afterward rather than falling—the opposite of well-timed selling. At CIFR specifically, his single prior sale on 2024-09-25 also showed positive post-trade returns (+38.6% at 30 days, +39.6% at 90 days), indicating he sold before substantial upside accrued. The company, though growing revenue 19.3% annually, remains unprofitable with a net loss of $-3.3M on $71.7M quarterly revenue, placing the transaction against mixed fundamental signals. The timing pattern—selling into strength after a dramatic rally—warrants monitoring given the insider's historical tendency to sell ahead of further price appreciation rather than ahead of decline.