🔴 Cipher Mining is trading 12% down today after Q2 earnings miss and sizable loss per share

Cipher Mining is trading at approximately $21.26 (12% down) after reporting weaker-than-expected second-quarter results and a sizable loss per share.

• The company highlighted progress in its strategic shift toward high-performance computing (HPC) data centers, but the revenue miss and negative earnings are weighing on investor sentiment.
• The downward move occurs despite a relatively firm environment for the broader technology sector and cryptocurrency prices ahead of the market open.