Cipher Mining is trading $11.61, down 10.69%, amid pressure on bitcoin-mining and AI-infrastructure stocks as investors weigh elevated financing costs and data-center buildout funding concerns. - Shares are down from Monday’s $13.00 close; Morgan Stanley cut its price target to $51.50 from $54.00, maintaining an Overweight rating. - Bitcoin rose 0.46% since the prior close, while Ethereum fell 0.82%; crypto moves do not appear to explain the size of the decline. - Nasdaq futures fell 0.72%; no new company announcement was identified.