On August 11, Cipher Mining Inc. rose 6.49% in regular trading, trading at $17.42/share, with turnover of $30.44 million. The stock rebounded after five consecutive sessions of decline that saw shares fall nearly 30% following a sharply disappointing Q2 earnings report.

The company reported Q2 EPS of -$0.65, far worse than the analyst consensus estimate of -$0.22, representing a 195% miss. Revenue came in at $24.8 million, down 43% year-over-year and well below the estimated $32.5 million. The severe earnings miss triggered the extended selloff from which the stock is now recovering.

Supporting the rebound, the company disclosed that its first AI data center, the Black Pearl campus, began delivering capacity two months ahead of schedule. Additionally, the Stingray data center project secured $810 million in senior secured notes financing at a 6.000% coupon due 2031. Multiple analysts maintain buy ratings with a mean price target of $32, implying significant upside from current levels and providing a fundamental backdrop for the short-term technical recovery.

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