Cipher Digital Inc. (NASDAQ:CIFR) stock is falling on Friday amid lingering pressure from a massive second-quarter earnings miss and rising Treasury yields. The Nasdaq is up 0.22% while the S&P 500 has gained 0.47%.
According to Trading Economics, the 10-year U.S. Treasury yield traded around 4.7% on Friday after rebounding sharply in the previous session amid concerns that government plans to reduce borrowing costs may provide only a temporary solution. The 30-year yield climbed to around 5.25%, nearly erasing Wednesday’s decline after the U.S. Treasury Department announced larger debt buybacks.
Earnings and Capital Costs Weigh
For infrastructure developers like Cipher, expanding data center capacity requires substantial capital commitments, leaving investors sensitive to shifting macroeconomic conditions.
The market continues to digest Cipher’s recent second-quarter financial update on Aug. 4, where the company reported a quarterly net loss of $267.5 million alongside lower Bitcoin-mining revenues, despite accelerating capacity delivery at its Black Pearl facility and securing an option for a 900-megawatt site near San Antonio.
Technical Analysis
CIFR is in a clear intermediate downtrend: it’s trading 15.9% below its 20-day SMA ($18.63) and 27.1% below its 50-day SMA ($21.49), which tells you sellers have controlled the last several weeks of price action.
It’s also 15.4% below the 200-day SMA ($18.52), so even the longer-term trendline that often acts as support is now overhead resistance.
From a structure standpoint, the stock put in a swing high in June (also the 52-week high month) and a swing low in August, and the current price is still working through that post-peak digestion. The longer-term picture remains volatile but not broken—CIFR is still up 165.17% over the past 12 months, even after the recent pullback.
- Key Resistance: $18 — a round-number area that also sits near the 200-day SMA zone, where rebounds can stall
- Key Support: $14 — a nearby level that’s close enough to matter if selling continues, and a spot where buyers may try to defend the pullback
CIFR Stock Price Activity: Cipher Digital shares were down 8.98% at $15.66 at the time of publication on Friday, according to Benzinga Pro data.
Photo Courtesy: Piotr Swat on Shutterstock.com
