Bitcoin mining stocks Bitdeer and Cipher plunge as profitability continues to face headwinds

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