Cipher Mining Stock Soars Despite Loss. Amazon Is Boosting the Stock.

Published 5 days ago Neutral
Cipher Mining Stock Soars Despite Loss. Amazon Is Boosting the Stock.
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Cipher Mining stock took off on Monday as an artificial-intelligence computing deal with Amazon.com overshadowed the Bitcoin mining company’s earnings. Cipher said it would provide space and power for AI workloads to Amazon Web Services—the e-commerce company’s cloud-computing business—in a $5.5 billion, 15-year lease agreement. It covers 300 megawatts of computing capacity, to be delivered next year.

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