Cipher Mining Expands AI Infrastructure, Boosts Stock

Cipher Mining, a Bitcoin miner turned high-performance computing and AI player, is making waves with significant expansions and partnerships. Despite a recent stock dip, the companys third-quarter performance and new agreements, like a ten-year lease with Fluidstack and a fifteen-year deal with Amazon Web Services, are driving optimism. These deals add critical IT load and data center space, transforming Cipher into a major player in the AI infrastructure market. Wall Street analysts are bullish, with many upgrading price targets and issuing Strong Buy recommendations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.