🔴 Cipher Mining is trading 17.1% down today amid concerns over proposed Texas data-center pause

Cipher Mining is trading at $6.73, down -17.10%, at 9:56 a.m. EST on November 4, amid concern that Texas Governor-elect Gina Hinojosa’s proposed pause on new data-center construction could delay expansion.

• Cipher Mining closed at $8.12 on November 3.
• Cantor Fitzgerald warned that Cipher’s next lease may shift out of Texas.
• A same-day downgrade to Market Perform added pressure. Bitcoin and Ethereum were up since the prior close, so crypto prices do not explain the decline.