🟢 Cipher Mining is trading 6% up today as rebound catalyst remains unconfirmed

Cipher Mining is trading 6.06% up now at $18.25 as shares rebound after an earnings-driven selloff, though the catalyst remains unconfirmed.

• August 4 results showed a $0.65-per-share loss and $24.84 million in revenue, both below expectations.
• Management highlighted its transition toward contracted data-center revenue.
• Bitcoin is up just 0.49% since the August 11 close, supportive but insufficient to explain the full move.