NewsNovo
Cipher Mining shares fell 6% to $15.92 on Thursday morning, outpacing the modest decline in Bitcoin itself.
The drop highlights how crypto mining equities amplify broader market risk, moving significantly harder than their underlying asset benchmarks.
MARA Holdings and Riot Platforms each declined 4% to $11.43 and $21.20, respectively, mirroring Cipher Mining's performance. This coordinated movement suggests the three companies are trading as a single group.
In contrast, the iShares Bitcoin Trust ETF, or IBIT, fell only 1%, while the Invesco QQQ Trust dropped 0.76%.
Keep reading