CIFR has experienced unusually high trading activity over the past several days, with daily volumes consistently around 70 million shares, effectively churning the entire free float of the company. This trading volume is notable given CIFR's market capitalization of approximately $1.8 billion. On July 1, CIFR traded 56 million shares going into the final hour, after hitting volumes of 69 million, 74 million, and 70 million shares in the preceding three days. Options activity has also been robust, with 18,000 January $15 call contracts traded recently, and strong interest in July and August $6 call strikes as well as December $10 calls. CIFR's stock price has shown upward momentum, nearing $5, and it traded its average daily volume of 15 million shares within the first hour of trading on July 1. Additionally, there was a mention of added Prudential Financial (PRU) July 110 calls, indicating some options activity in other stocks as well.