Cipher Mining is trading 14.4% down at $5.54, in line with broad risk-off trading as the market and technology shares fall.
- Bitcoin is down 3.09% and Ethereum 3.98% since their last closes, adding pressure to crypto-related shares; market concerns also include AI regulation and data-center construction.
- Recent company-specific pressure follows a third-quarter revenue miss and analyst concerns about Texas regulatory risks and a potential gap in new lease catalysts.