Baird Financial Group Invests $1.97 Million in Cipher Mining Inc.

Baird Financial Group Inc., a prominent institutional investor, has made a significant investment in Cipher Mining Inc. (NASDAQ:CIFR), purchasing 80,348 shares of the company's stock valued at approximately $1,969,000.

This move marks Baird Financial Group's entry into Cipher Mining's capital structure and comes as part of a larger trend of institutional investors increasing their exposure to crypto miners.

According to recent Form 13F filings with the SEC, several other large investors have also made changes to their positions in CIFR, including Situational Awareness LP, Geode Capital Management LLC, Janus Henderson Group PLC, and Wellington Management Group LLP.