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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