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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.
Cipher Mining has announced a major AI hosting deal with Google-backed Fluidstack and a $1.1 billion financing, prompting a price target increase from analysts.
The cryptocurrency market capitalization has fallen to $3.75 trillion, but major deals involving Tether and Cipher Mining indicate continued institutional interest.
