Bitdeer and Cipher Mining Stocks Plummet Following Stock Decline

Recent stock price declines have impacted both Bitdeer Technologies and Cipher Mining. According to Odaily, Bitdeer’s share prices dropped by 28%, reaching $9.38 per share. Meanwhile, Cipher Mining saw a 20% decrease in value, settling at $3.96 per share. Bitdeer Technologies reported annual revenue of $69 million, marking a significant drop of 40% from the previous year. In contrast, Cipher Mining’s revenues increased to $151 million, although their adjusted annual loss widened to $106.6 million.