🔴 CIFR is trading 4.5% down today on profit-taking and broader crypto weakness

CIFR is trading at $19.55 (4.5% down) in pre-market, extending a multi-day slide after a sharp rally driven by its AI and high-performance computing (HPC) pivot.

• The stock is seeing profit-taking following gains tied to its AWS-linked AI/HPC data center expansion.
• Broader crypto weakness is weighing on miners, with Bitcoin and Ethereum both down around 2–3%.
• A softer risk-on tape is impacting AI infrastructure names and the digital asset sector.