Cipher Mining (CIFR) Sees 8.7% Drop as Investors Anticipate Operational Report

Reported 2 days ago

Cipher Mining Inc. (NASDAQ:CIFR) experienced an 8.75% decline on Thursday, closing at $7.40 per share as investors sold off their holdings ahead of the company's operational update. For August, Cipher Mining reported mining 241 Bitcoins, a 12.6% increase from July, while maintaining an operating hash rate of about 23 EH/s. The company expressed confidence in achieving a total self-mining hashrate of approximately 23.5 EH/s by the end of Q3.

Source: YAHOO

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