Stock Market Today: Cipher Mining Slides on Bitcoin Weakness Despite Google-Backed AI Hosting Agreement
I'm PortAI, I can summarize articles.
Cipher Mining's stock (CIFR) fell 17.7% to $11.64 amid a broader market decline, with the S&P 500 and Nasdaq both down 0.5%. The drop was influenced by a 3.4% decrease in Bitcoin prices, which affected crypto-related stocks. Despite announcing a significant 10-year AI hosting agreement with Fluidstack worth up to $7 billion, Cipher's stock remains sensitive to Bitcoin's volatility. Trading volume surged to 153 million shares, significantly above average.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Motley Fool The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments