---
title: "Why Is Cipher Digital Stock Falling on Friday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296636162.md"
description: "Cipher Digital (CIFR) stock fell 8.98% on Friday, driven by a massive Q2 earnings miss and rising U.S. Treasury yields. The company reported a $267.5 million net loss despite capacity growth. Technically, CIFR is in an intermediate downtrend, trading below key moving averages, with resistance at $18 and support at $14."
datetime: "2026-08-21T15:39:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296636162.md)
  - [en](https://longbridge.com/en/news/296636162.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296636162.md)
generator: "portal-rs"
---

# Why Is Cipher Digital Stock Falling on Friday?

**Cipher Digital Inc.** (NASDAQ:CIFR) stock is falling on Friday amid lingering pressure from a massive second-quarter earnings miss and rising Treasury yields. The Nasdaq is up 0.22% while the S&P 500 has gained 0.47%.

According to Trading Economics, the 10-year U.S. Treasury yield traded around 4.7% on Friday after rebounding sharply in the previous session amid concerns that government plans to reduce borrowing costs may provide only a temporary solution. The 30-year yield climbed to around 5.25%, nearly erasing Wednesday’s decline after the U.S. Treasury Department announced larger debt buybacks.

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## **Earnings and Capital Costs Weigh**

For infrastructure developers like Cipher, expanding data center capacity requires substantial capital commitments, leaving investors sensitive to shifting macroeconomic conditions. 

The market continues to digest Cipher’s recent second-quarter financial update on Aug. 4, where the company reported a quarterly net loss of $267.5 million alongside lower **Bitcoin**-mining revenues, despite accelerating capacity delivery at its Black Pearl facility and securing an option for a 900-megawatt site near San Antonio.

## Technical Analysis

CIFR is in a clear intermediate downtrend: it’s trading 15.9% below its 20-day SMA ($18.63) and 27.1% below its 50-day SMA ($21.49), which tells you sellers have controlled the last several weeks of price action. 

It’s also 15.4% below the 200-day SMA ($18.52), so even the longer-term trendline that often acts as support is now overhead resistance.

From a structure standpoint, the stock put in a swing high in June (also the 52-week high month) and a swing low in August, and the current price is still working through that post-peak digestion. The longer-term picture remains volatile but not broken—CIFR is still up 165.17% over the past 12 months, even after the recent pullback.

-   **Key Resistance**: $18 — a round-number area that also sits near the 200-day SMA zone, where rebounds can stall
-   **Key Support**: $14 — a nearby level that’s close enough to matter if selling continues, and a spot where buyers may try to defend the pullback

**CIFR Stock Price Activity:** Cipher Digital shares were down 8.98% at $15.66 at the time of publication on Friday, according to Benzinga Pro data.

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*Photo Courtesy: Piotr Swat on Shutterstock.com*

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- [Sei Investments Co. Has $1.34 Million Stock Position in Cipher Mining Inc. $CIFR](https://longbridge.com/en/news/295633065.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**