Cipher Mining is trading at $16.86 (4.9% down) in pre-market amid continued risk-off sentiment in the crypto and tech sectors.
- The move extends steep losses for the stock following a 10.8% drop on July 16.
- Bitcoin is down approximately 2% over the last 24 hours, weighing heavily on crypto-mining equities.
- Tech futures and sector ETFs are under pressure as investors reassess AI and semiconductor valuations, further impacting the broader sector.