Cipher Digital (CIFR) Drops 12.4% in One Session, Shedding $300M
As seen on the 24/7 Wall St. homepage on November 5, 2026.
A 12.4% slide to $5.42 takes roughly $300 million off the $2.5 billion miner in a single session. At that size, one day undoes weeks of grind for anyone holding.
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Cipher Digital slid steadily all session to close at $5.42, erasing roughly $300 million in market value with no meaningful bounce attempt.
That kind of single-session loss is particularly punishing for a Bitcoin miner, where share price movements tend to amplify the underlying asset's swings. A 12.4% drawdown in regular trading hours can wipe out weeks of incremental gains for investors who have been building a position.
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Price fell from the opening range near $6.12 and never found a floor, an unbroken slide that signals broad selling across the session.
For current holders, the key question is whether today's move represents a reset within a longer trend or the beginning of a more sustained breakdown. At $5.42, the stock sits well below where it opened, and any recovery will need to reclaim the $6.19 open before bulls can argue the session's damage has been repaired.
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Mentioned: CIFR