Movement Alert｜Cipher Mining Falls 5.11% in After-Hours Trading, Broad Sector Weakness and Transformation Uncertainties Weigh on Shares

Market Focus06-04 08:00

On June 4, Cipher Mining declined 5.11% in after-hours trading to $25.10/share, with trading volume of $10.81 million. The pullback occurred amid broad weakness across the application software sector, with peer crypto-miner IREN Ltd falling 5.07%, Salesforce down 2.0%, and Datadog down 1.92%.

The company is undergoing a fundamental strategic pivot from bitcoin mining to AI high-performance computing infrastructure. While institutions remain constructive — Morgan Stanley recently raised its target price to $42.50, maintaining an outperform rating — near-term financials reflect transition pressures. Q1 results showed net losses of $114 million, widening 193% year-over-year, while revenue declined 28.84% to $34.84 million as mining income contracted. The company has secured approximately $11.4 billion in long-term data center leasing contracts spanning 700MW of HPC capacity with investment-grade cloud clients, but the gap between future contract value and current earnings continues to create volatility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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