Bitcoin Mining Stocks Bitdeer and Cipher Plunge as Profitability Continues to Face Headwinds

Bitdeer shares fell 28 per cent to $9.38 per share, while Cipher Mining shares fell 20 per cent to $3.96 per share.Bitdeer Technologies reported its annual revenues to be $69 million, a 40 per cent decline from the previous year.Cipher Mining's revenues increased to $151 million, but its full-year adjusted Cipher Mining's revenue increased to $151 million, but its full-year adjusted loss widened to $106.6 million.