Cipher Digital stock volume jumps as Russell rebalance clouds AI data-center signal
Cipher Digital Inc. rose on Friday even as the broader tech tape weakened, but the real story was volume. The data-center developer closed at $25.94, up 1.0%, after trading between $23.80 and $26.13. The Nasdaq Composite lost 0.24%, and chip stocks fell 5.3%. Turnover was the tell. About 44.82 million Cipher shares changed hands, against average volume of 24.37 million. At the close, that was about $1.16 billion of stock, equal to roughly 11% of the company’s $10.61 billion market value.