Cipher Mining is trading 5.56% lower at $7.65 in pre-market amid pressure from a technology sell-off and declining cryptocurrencies.
- Investor concerns about AI infrastructure spending intensified overnight after disappointing results and outlooks from major technology companies; supplied after-hours news also linked Cipher Mining’s weakness to those concerns.
- Bitcoin and Ethereum are lower amid a reported Binance security breach, adding pressure to crypto-linked stocks.