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Why Cipher Digital Stock Plummeted 30.6% Last Month But Is Rebounding in September

The Motley Fool·
Why Cipher Digital Stock Plummeted 30.6% Last Month But Is Rebounding in September

Cipher Digital stock fell 30.6% in August after reporting Q2 results that missed analyst expectations on both revenue and earnings. However, the stock has rebounded roughly 12% in September following announcements of progress on its data center expansion and new natural gas pipeline infrastructure projects to support its pivot from Bitcoin mining to AI data center services.

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