Cipher Digital falls on lingering second-quarter earnings pressure

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.

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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 Pro data.

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