On August 10, Cipher Mining Inc. fell 5.24% in regular trading, trading at $16.335/share, with turnover of $232 million. The stock has now declined for five consecutive trading days since its Q2 earnings release.

On August 4, the company reported Q2 results that significantly missed expectations. EPS came in at a loss of $0.65 per share, far worse than the consensus estimate of a $0.22 loss, representing a 195% miss. Revenue was $24.8 million, down 43% year-over-year and well below the expected $32.5 million. Despite the company delivering capacity at its first AI data center Black Pearl two months ahead of schedule and completing an $810 million senior secured notes offering to fund its Stingray data center project, the magnitude of the earnings shortfall has continued to dominate market sentiment. The stock has retreated sharply since the earnings release, with cumulative losses approaching 30%.

(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.)