Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Why Cipher Digital (CIFR) Is Down 9.2% After Surging Revenue But Deepening 2025 Net Losses
Cipher Digital Inc. (formerly Cipher Mining Inc.) saw its stock drop 9.2% after reporting full-year 2025 results with a significant increase in revenue to US$223.94 million but a substantially deepened net loss of US$822.24 million. This, coupled with a rising loss per share, raises concerns about the company’s ability to balance its strategic shift towards broader digital infrastructure with effective cost control and a clear path to profitability. The market reaction highlights investor apprehension regarding the high costs associated with its expansion beyond Bitcoin mining.