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-0.000756300122720409 0.00209766260452631 0.0103028054453608 0.00601472644767252 0.00566511601358484 0.00851907874083169 -0.0114586603498959 -0.0114586603498959
Stock impact report

Cipher (CIFR) Tumbles 13.5% on AI Bubble, Bitcoin Drop [Yahoo! Finance]

Cipher Mining Inc. (CIFR) 
Company Research Source: Yahoo! Finance
Cipher Mining saw its share prices drop by 13.55 percent on Monday to close at $14.74 apiece as investors took path from the decline in Bitcoin prices and renewed concerns about an AI bubble. Cipher Mining Inc. (NASDAQ:CIFR) declined alongside its peers, namely Terawulf, Hut 8, and CleanSpark, after Bitcoin, as of writing, shed 2.27 percent of its value at $86,168 apiece. Traders appeared to be locking in early profits ahead of the Christmas holiday. Further dragging sentiment was renewed pessimism over the AI sector, dragged by news that Oracle Corporation—one of the largest AI players globally—raked in as much as $108 billion in debt to spend on the said industry. The scale of borrowing sparked worries among investors about how quickly it would be able to recoup its investments, and the concerns created a ripple effect into high-performance computing firms, including Cipher Mining Inc. (NASDAQ:CIFR). The decline was despite Canaccord Genuity's reaffirmation of its “buy” rec Show less Read more
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