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0.00120192307692305 -0.000600961538461419 -0.00180288461538468 -0.000600961538461419 -0.000600961538461419 -0.0162259615384615 -0.0509615384615384 -0.0192367788461538
Stock impact report

Bitcoin Miner Tied to Trump Family Pummeled by Crypto Crash [Yahoo! Finance Canada]

Cipher Mining Inc. (CIFR) 
“With Bitcoin steeply drawn down from the highs, the retention strategy can amplify losses,” said Matthew Kimmell, a digital asset analyst at CoinShares. “The inventory loses value on a mark-to-market basis and investors can begin pricing in balance sheet stress before it appears in operations.” The downturn puts American Bitcoin at the sharp end of a broader pullback across the Trump family's crypto interests. World Liberty Financial, the decentralized finance platform that hosted Wall Street executives at Mar-a-Lago this month, has seen a 65% plunge in its native token since the cryptocurrency was launched in September. The president's own memecoin is grappling with a bigger decline, dropping 72% since it started trading in March. The pivot is notable given that American Data Centers Inc. — the entity backed by the Trump sons — was originally designed to be an AI infrastructure provider before it became part of what was eventually American Bitcoin. Few of the Trump-affiliated Show less Read more
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