🔴 Cipher Mining is trading 10.3% down as Treasury yields pressure data-center operators

Cipher Mining is trading 10.3% lower at $13.06 amid crypto weakness and broader pressure on data-center operators.

• No clear company-specific catalyst has emerged; reports link sector losses to rising Treasury yields, which increase financing pressure on capital-intensive businesses.
• Peer TeraWulf was also reported down 5%. Bitcoin and Ethereum are down 3.58% and 6.21% since the prior close, respectively.
• Higher oil prices and yields amid Middle East tensions are weighing on risk appetite across markets.