CIFR is trading at $19.40 (-5.60%) as crypto market weakness pressures Bitcoin mining stocks despite a relatively flat session for major tokens.
- The decline follows May 8 Q1 earnings where the company reported $34.8M in revenue and a -$48.2M Adjusted EBITDA loss as it continues a strategic pivot toward AI infrastructure.
- With ETH down -1.11% and the NASDAQ off -0.07%, the stock is retreating from its previous close of $20.55 in the absence of fresh company news today.