Cipher Digital shares fall 19% as Texas governor win threatens data center moratorium
AI summary
Cipher Digital shares fell nearly 19% to around $6.60 on Nov. 4 after Democrat Gina Hinojosa won the Texas governor's race. Hinojosa campaigned on a moratorium on new data centers, a direct threat to bitcoin mining operations in the state. Traders should watch whether the policy push spreads to other mining-heavy states and pressures sector valuations.
