Stock Market Today: Cipher Mining Slides on Bitcoin Weakness Despite Google-Backed AI Hosting Agreement

Cipher Mining (NASDAQ: CIFR) closed at $11.64, down 17.7%. Trading volume surged to about 153 million shares, roughly 4.1 times its three-month average.Indexes finished lower. The S&P 500 (SNPINDEX: ^GSPC) fell 0.5% to 6,604.72, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) declined 0.5% to 22,384.70, as losses in technology stocks pressured the market.Among Bitcoin mining peers, Riot Platforms (NASDAQ: RIOT) dropped 7% to $16.74, and Hut 8 Corp (NASDAQ: HUT) slid 7.9% to $34.88. The declines reflected weakness in Bitcoin (CRYPTO: BTC), which fell 3.4% to $109,534.50, pulling down crypto-related equities across the sector.Continue reading