Cipher Mining Inc. (NASDAQ:CIFR) experienced a 10.41 percent drop in share prices on Tuesday, closing at $17.64 after a 40 percent gain the previous week. Despite hitting $21 last week, the stock ended at $20.35, signaling a 44 percent increase for investors to capitalize on.
The company announced a plan to redeem its outstanding warrants for $0.01 each by December 26, 2025, noting that any unexercised warrants by the deadline will become void. Cipher Mining Inc. (NASDAQ:CIFR) reduced its net loss by 96 percent to $3.28 million in Q3, while revenues surged by 197 percent to $71.7 million year-on-year.
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Read more at Yahoo Finance: Cipher (CIFR) Drops Hard on Profit-Taking from 44% Surge Last Week
