A Bitcoin miner turned AI landlord, an Ethereum treasury and a Bitcoin hoarder all bleed together as crypto slides. Why does Cipher Digital trade like a coin holder, and which of its rivals takes the hardest hit?
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
A slide in Ethereum (CRYPTO:ETH) is pulling crypto-linked stocks lower, and two very different business models are taking almost identical hits. In morning trading, Cipher Digital (NASDAQ:CIFR) stock is at $6.27, down 4%. The company mines Bitcoin (CRYPTO:BTC) and is shifting to leasing high-performance computing (HPC) data centers to large cloud operators and artificial intelligence…
