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Where the tokens are
Trade CIFR perps| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 72.81M | 32.39M | 2.25 |
| Aug 31, 2026 | 71.62M | 34.87M | 2.05 |
| Aug 14, 2026 | 65.49M | 37.39M | 1.75 |
| Jul 31, 2026 | 55.64M | 29.48M | 1.89 |
| Jul 15, 2026 | 56.1M | 23.39M | 2.40 |
| Jun 30, 2026 | 54M | 24.1M | 2.24 |
| Jun 15, 2026 | 54.5M | 24.86M | 2.19 |
| May 29, 2026 | 52.53M | 22.5M | 2.33 |
| May 15, 2026 | 54.81M | 29.73M | 1.84 |
| Apr 30, 2026 | 55.95M | 23.45M | 2.39 |
| Apr 15, 2026 | 55.71M | 24.79M | 2.25 |
| Mar 31, 2026 | 51.43M | 23.26M | 2.21 |
The share of each day’s reported trading that was a short sale. This is not short interest: most of it is market makers selling short to fill buy orders and buying back within the day, so a ratio of 30–50% is ordinary for a heavily traded stock and says little about how many shares are held short overnight.
Figures describe Cipher Mining shares, not any token. As of Sep 15, 2026, from exchange short-interest reports and FINRA short-sale volume, via Massive. Short sellers borrow and sell the shares themselves; token holders are not lending theirs.