Cipher Mining is trading 5.33% down at $17.24 as investors continue repricing disappointing second-quarter results and data-center execution risks.
- Q2 revenue was $25 million, while adjusted EBITDA showed a $30 million loss
- KBW lowered its target to $28 amid delays in ERCOT Batch Zero approvals
- Bitcoin is up 0.51% since the previous close, so crypto weakness is not driving today’s decline.