Cipher Mining's Expansion into AI Through Massive AWS Lease

3 months ago

Paul Sween

"Cipher Mining, it's sticker CFR. uh their shares have risen as much as 21%. They reported yes adjustable earnings per share in the third quarter of that beat. But the big news is that it signed a $5.5 billion 15-year lease agreement with Amazon Web Services. They're going to provide space power AI workloads. Um so they operate industrial scale data centers. We're talking about Cipher. And they're a big player in the crypto space, but now they're going to have they're having this growing role in the AI market."

The speaker explains that Cipher Mining (CFR) is not only showing strong earnings momentum with shares up 21%, but also expanding its role from crypto to AI by signing a $5.5 billion, 15-year lease with AWS for industrial-scale data centers.

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