Cipher Mining Inc. (CIFR) experienced a 13.5% drop in share prices on Monday, closing at $14.74 per share due to Bitcoin price declines and concerns about an AI bubble. The decline was part of a broader trend as Bitcoin itself lost 2.27% of its value at $86,168 per coin. The negative sentiment was exacerbated by Oracle Corporation’s massive $108 billion debt issuance for AI investments. Despite a “buy” recommendation and $27 price target from Canaccord Genuity, Cipher Mining Inc. (CIFR) continued to slide. The company also announced plans to redeem outstanding warrants for $0.01 apiece by December 26, 2025.

Read more at Yahoo Finance: Cipher (CIFR) Tumbles 13.5% on AI Bubble, Bitcoin Drop