Cipher Digital shares tumble 19% after Texas governor upset

Cipher Digital shares have fallen nearly 19% to around $6.60 on Nov. 4 following Gina Hinojosa’s victory in the Texas governor’s race, after the Democrat campaigned for a moratorium on new data centers. CIFR traded near $6.60 on Wednesday morning before falling further in the session. Hinojosa has called for a pause on new data centers until lawmakers pass community protections. Cipher reported its first HPC lease revenue in quarterly results released on Nov. 2. Riot disclosed a $28 billion Corsicana lease covering 910 MW of critical IT capacity.

Source: crypto.news