Cipher Mining is trading at $24.23 (+4.7%) in pre-market action as investors buy the dip following a 10% decline on Friday.
- The rebound follows a volatile period where the stock rallied over 30% in the prior week before the recent pullback.
- Sentiment is supported by a firmer cryptocurrency market, with Bitcoin and Ethereum trading modestly higher.
- Broader market conditions show a risk-on tone as U.S. index futures point to a positive open for equities.