Cipher Mining is trading at $18.67 (up 5.5%) in pre-market action, rebounding from several sharp declines in late July as broader market sentiment improves.
- The recovery follows a modest rise in Bitcoin and Ethereum prices alongside a broader rally in the technology sector fueled by strong Microsoft earnings.
- Crypto-linked miners are regaining ground as positive sentiment returns to the digital asset space, helping the stock recover a portion of its recent losses.