SCHEDULE: Vanguard Divests Entire Cipher Digital Stake Amid Realignment

The Vanguard Group has reduced its beneficial ownership in Cipher Digital Inc. to 0% following an internal corporate realignment.

Summary

• The Vanguard Group filed an Amendment No. 3 to its Schedule 13G for Cipher Digital Inc. Common Stock.
• As of March 13, 2026, The Vanguard Group reported 0% beneficial ownership in Cipher Digital Inc.
• This change is a result of an internal realignment at The Vanguard Group, Inc. on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of Vanguard will report beneficial ownership separately, and The Vanguard Group, Inc. no longer has beneficial ownership over these securities.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a moderately negative signal for Cipher Digital Inc. due to the complete divestment by a major institutional holder, even though the reason cited is an internal administrative realignment at Vanguard.

Negatives

• The Vanguard Group, a significant institutional investor, has reduced its beneficial ownership in Cipher Digital Inc. to 0%.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Cipher Digital Inc.'s future outlook.

Management Comments

• "On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions."

Industry Context

StockSavvy.ai notes that internal realignments and subsequent changes in reporting beneficial ownership are administrative actions common among large, diversified asset managers like The Vanguard Group. While the divestment from Cipher Digital Inc. is a direct consequence, it primarily reflects Vanguard's internal structural changes rather than a specific investment thesis change regarding Cipher Digital Inc.'s fundamentals.

Stakeholder Impact

• Shareholders of Cipher Digital Inc. may perceive the complete divestment by The Vanguard Group as a negative signal, potentially impacting investor sentiment and share price.

Key Dates

Keywords

Vanguard Group, Cipher Digital Inc, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Divestment, Corporate Realignment