On August 12, Cipher Mining Inc. rose 10.63% in regular trading, trading at $18.25/share, with turnover of approximately $90.96 million. The stock continued the technical rebound that began the prior session after a five-day decline of nearly 30% following a sharp Q2 earnings miss.

On the news front, the company reported Q2 EPS of -$0.65, far worse than the analyst consensus estimate of -$0.22, representing a miss of over 195%. Revenue came in at $24.8 million, down 43% year-over-year and well below the expected $32.5 million. Despite the disappointing results, several positive developments are supporting the recovery: the company's first AI data center, Black Pearl, began delivering capacity two months ahead of schedule; its subsidiary Stingray Compute secured $810 million in senior secured notes due 2031 at a 6.000% coupon to fund data center construction; and multiple institutions maintained Buy ratings with a mean price target of $32.

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