SCHEDULE: Vanguard Discloses 5.54% Stake in Cipher Digital Inc.

Vanguard Portfolio Management has reported beneficial ownership of 22,454,007 shares, representing 5.54% of Cipher Digital Inc.'s common stock as of March 31, 2026.

Summary

• Vanguard Portfolio Management, along with its affiliates Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, has disclosed a beneficial ownership stake in Cipher Digital Inc.
• The total number of shares beneficially owned is 22,454,007.
• This holding represents 5.54% of the total class of securities.
• Vanguard Portfolio Management has sole dispositive power over 22,454,007 shares and sole voting power over 143,710 shares.
• The filing indicates that Vanguard Portfolio Management, including investment companies and managed accounts, has the right to receive or direct dividends and sale proceeds.
• No single other person's interest in the reported securities exceeds 5%.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it indicates significant institutional interest from a major player, but the passive nature of the filing suggests no immediate intent to influence control.

Positives

• Vanguard, a major institutional investor, has taken a significant stake in Cipher Digital Inc., indicating confidence in the company's potential.
• The substantial shareholding suggests potential for increased institutional support and market visibility for Cipher Digital Inc.

Negatives

• The filing is a Schedule 13G, which is typically filed by passive investors, suggesting Vanguard's current stake is not intended to influence control of the company.

Risks

• As a passive stake, there is a risk that Vanguard could divest its holdings, potentially impacting Cipher Digital Inc.'s stock price.
• The filing does not provide specific details on the investment strategy or rationale behind acquiring this stake, leaving room for speculation.

Future Outlook

This filing is a disclosure of current ownership and does not contain forward-looking statements or guidance from Cipher Digital Inc. regarding its future performance.

Management Comments

• In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC.
• This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power.
• This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC, or business divisions of such subsidiaries whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.
• After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Industry Context

StockSavvy.ai notes that a significant stake by a large asset manager like Vanguard in a company like Cipher Digital Inc. (which is likely in the technology or data management sector given the name) can signal growing institutional interest and potential validation of the company's business model or market position.

Stakeholder Impact

• Shareholders: May view Vanguard's substantial stake as a positive signal, potentially increasing confidence and interest in the stock.
• Employees: Increased institutional ownership could lead to greater stability and focus on long-term growth.
• Creditors: A larger, stable institutional investor can be seen as a positive indicator of the company's financial health and prospects.

Next Steps

• Vanguard Portfolio Management will continue to monitor its investment in Cipher Digital Inc.
• Cipher Digital Inc. may see increased investor attention due to Vanguard's stake.

Key Dates

Recommendation

This filing is a passive ownership disclosure by a major institutional investor. While Vanguard's stake is significant and can be seen as a positive signal, it does not provide operational or financial performance updates for Cipher Digital Inc. Therefore, a 'hold' recommendation is appropriate, suggesting investors maintain their current positions while awaiting further company-specific news or performance data.

Keywords

Cipher Digital Inc, Vanguard Portfolio Management, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Management