Bitcoin miners like Cipher Mining, MARA, and Riot are falling several times harder than Bitcoin itself this morning, and the structural reason behind that punishing gap matters as much as the dip itself.
Cipher Mining (NASDAQ:CIFR) stock is down 6% to $15.92 in the regular session this Thursday morning, leading the Bitcoin (CRYPTO:BTC) miner group lower on a broadly risk-off tape. The decline outpaces every reasonable benchmark for the group by several multiples, even as the shares remain up 9.4% year to date (YTD).
Also lower, MARA Holdings (NASDAQ:MARA | MARA Price Prediction) stock is down 4% to $11.43 and Riot Platforms (NASDAQ:RIOT) stock is down 4% to $21.20 in a coordinated peer move. The three names are behaving as a single…
