Cipher Mining Inc. (NASDAQ:CIFRW – Get Free Report)’s stock price dropped 33.6% on Monday . The stock traded as low as $0.47 and last traded at $0.48. Approximately 242,595 shares changed hands during mid-day trading, an increase of 215% from the average daily volume of 77,082 shares. The stock had previously closed at $0.72.
Cipher Mining Stock Down 33.6 %
The company’s fifty day moving average price is $1.33 and its two-hundred day moving average price is $1.45.
About Cipher Mining
Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.
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