Cipher Mining Inc. (NASDAQ:CIFRW – Get Free Report) shares were down 34.8% during mid-day trading on Thursday . The company traded as low as $4.04 and last traded at $2.8050. Approximately 25,927 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 207,150 shares. The stock had previously closed at $4.30.
Cipher Mining Stock Down 34.8%
The company has a 50-day moving average price of $4.08 and a 200 day moving average price of $4.31.
About Cipher Mining
Cipher Mining Inc operates as a vertically integrated digital asset mining company focused on the design, development and operation of large-scale, high-efficiency Bitcoin mining facilities. Headquartered in Miami, Florida, the company combines in-house engineering, procurement and construction capabilities with dedicated site management to deliver turnkey hosting services for its fleet of proprietary cryptocurrency mining machines.
The company’s core business activities include securing long-term power agreements, deploying custom cooling and electrical infrastructure and optimizing mining operations through real-time performance monitoring.
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