Cipher Mining is trading 10.06% lower at $7.98, with reports linking the decline to concerns about AI infrastructure spending and customer returns after Alphabet’s results.
- No new company-specific announcement was identified; shares also faced caution ahead of the company’s November 2 earnings report.
- Bitcoin is down 0.56% and Ethereum 1.54% since the prior close, both less than the stock’s decline.
- Broader technology weakness adds context: supplied sector data show XLK down 1.54%.