TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  The Motley Fool

Why Cipher Mining Stock Soared on Monday Morning

The Motley Fool Logo The Motley Fool By Anders Bylund
Why Cipher Mining Stock Soared on Monday Morning

Cipher Mining's stock jumped over 34% after signing a 15-year, $5.5 billion data center agreement with Amazon Web Services for AI workloads, transforming the company from a Bitcoin miner to an AI data center provider.

Insights
CIFR   positive

Stock rose 34% due to strategic pivot to AI data center services with a long-term AWS contract, despite missing quarterly earnings estimates