Profitability continues to face resistance, causing bitcoin mining stocks Bitdeer and Cipher to plunge

Bitdeer shares fell 28 per cent to $9.38, while Cipher Mining fell 20 per cent to $3.96. Bitdeer Technologies reported annual revenues of $69 million, down 40 per cent from the previous year. Cipher Mining's revenues increased to $151 million, but its full-year adjusted loss widened to $106.60 million.