--- title: "Cipher Digital Stock Plunges: What's Happening?" type: "News" locale: "en" url: "https://longbridge.com/en/news/301308713.md" description: "Cipher Digital (CIFR) shares plummeted over 10% on Thursday, driven by broader selling pressure in AI infrastructure and data-center stocks. Rising bond yields increased borrowing costs for debt-financed buildouts, while reports of OpenAI's lower-than-expected revenue amplified negative sentiment. The company, transitioning from Bitcoin mining to high-performance computing, faced headwinds from both macroeconomic factors and sector-specific weakness." datetime: "2026-10-08T17:42:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301308713.md) - [en](https://longbridge.com/en/news/301308713.md) - [zh-HK](https://longbridge.com/zh-HK/news/301308713.md) generator: "portal-rs" --- # Cipher Digital Stock Plunges: What's Happening? **Cipher Digital Inc** (NASDAQ:CIFR) shares are plummeting Thursday. Selling pressure is seemingly hitting data-center and AI infrastructure stocks. - Cipher Digital stock is among today’s weakest performers. What’s behind CIFR decline? ## Cipher Digital Falls 8.31% as AI Infrastructure Stocks Slide Rising bond yields and sector weakness are weighing on data-center and AI infrastructure companies, and Cipher Digital is feeling it. Formerly Cipher Mining, the company operates industrial-scale data centers that it first built for Bitcoin mining. It is now steering toward high-performance computing (HPC) and AI infrastructure. Two forces are pinching the group, which includes former Bitcoin miners that now operate as AI data-center landlords. Bitcoin keeps sliding, and long-term borrowing costs keep rising for companies that finance their buildouts with debt. Moreover, The Financial Times reported that **OpenAI’s** annualized revenue run rate is roughly $20 billion below what the company had previously indicated. That news has amplified the selling pressure on AI-related names Thursday afternoon. ## Rising Treasury Yields Squeeze AI Data-Center Borrowers Bond yields are also adding to the strain. The 30-year Treasury yield climbed more than 4 basis points to 5.705% Thursday morning, Trading Economics data shows, after hovering just under a 24-year high the day before. The 10-year yield reached its highest level since 2002 on Wednesday. Federal Reserve minutes showed officials expect another rate hike before year-end, and investors are wagering on a move on Dec. 9. Higher yields hit the group twice. They make debt more expensive, and they shrink the present value of long-dated lease income. ## CIFR Shares Are Tumbling **CIFR Price Action:** Cipher shares were down 10.58% at $13.02 at the time of publication on Thursday, according to Benzinga Pro. **Read Also: Bitcoin Tumbles to $82,000 but $205,000 Remains the Target, Analyst Says** *Image: PJ McDonnell/Shutterstock* ### Related Stocks - [CIFR.US](https://longbridge.com/en/quote/CIFR.US.md) - [CIFC.US](https://longbridge.com/en/quote/CIFC.US.md) - [CIFG.US](https://longbridge.com/en/quote/CIFG.US.md) - [CIFU.US](https://longbridge.com/en/quote/CIFU.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BITX.US](https://longbridge.com/en/quote/BITX.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCL.US](https://longbridge.com/en/quote/BTCL.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [BTCZ.US](https://longbridge.com/en/quote/BTCZ.US.md) - [DEFI.US](https://longbridge.com/en/quote/DEFI.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [MAXI.US](https://longbridge.com/en/quote/MAXI.US.md) - [OBTC.US](https://longbridge.com/en/quote/OBTC.US.md) - [YBIT.US](https://longbridge.com/en/quote/YBIT.US.md) ## Related News & Research - [Bitcoin’s Rally Above $80,000 Could ‘Wreck a Lot of People,’ Analyst Warns](https://longbridge.com/en/news/301323783.md) - [US government moves 17,795 Bitcoin worth $1.5 billion in three days](https://longbridge.com/en/news/301290993.md) - [Q&A: Bitcoin funds are expanding. HANetf’s co-CEO explains why](https://longbridge.com/en/news/301269976.md) - [Bitcoin Price Forecast: High-Level Profit-Taking Pressure Emerges for BTC, Can It Still Reach $100,000 This Year?](https://longbridge.com/en/news/301491780.md) - [Bitcoin treasury companies get two Anchorage routes into Sui's Hashi](https://longbridge.com/en/news/301452593.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**