On November 6, Cipher Mining Inc. rose 13.51% in Regular Trading, trading at $5.88/share, with turnover of $35.07 million.

The move came as the market continued to digest the company’s third-quarter results and the prior selloff tied to lower analyst targets and weakness in AI data center-related stocks, prompting a technical rebound.

Earlier disclosures showed third-quarter revenue of $26.7 million, down 62.8% year over year and below market expectations near $39.3 million, while loss per share was $0.22, broadly in line with expectations. An analyst also cut the price target to $30 from $35 while keeping an outperform rating. The company had additionally highlighted expansion of its AI and HPC data center pipeline to 5.9 GW and continued progress at Barber Lake, but recent trading had remained centered on the revenue miss and estimate revisions.

(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.)