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Bitcoin miner Cipher Mining's stock surged over 30% after securing a 15-year, $5.5 billion deal to provide AI computing infrastructure for Amazon Web Services.
Cipher Mining's stock rose 10.5% after announcing a 10-year AI hosting deal with Google-backed Fluidstack, expected to generate $300 million annually.
A $1.65 trillion market sell-off on Friday caused significant losses for most publicly traded Bitcoin mining stocks, highlighting the sector's sensitivity to broader economic pressures.
Bitcoin miners are leveraging their access to over 14 gigawatts of secured power to enter the AI data center market, a new Bernstein report finds.
The market cap of 14 U.S.-listed Bitcoin miners hit a record $56 billion in September, a 43% monthly jump, despite declining profitability.
Bitcoin miner TeraWulf is seeking to raise $3 billion in debt financing, with support from Google, to expand its data center capacity for AI and mining.
The crypto market cap fell to $3.75 trillion amid broad declines. A record $18B in Bitcoin options expiry is creating uncertainty, while AI-focused miners hit new highs.
