Cipher Mining Benefits from Google-Backed AI Deal
+59.82%current return
"Cipher mining up 12%. It's a Bitcoin miner that is also active in the data center space for AI. They signed an AI hosting pack with FluidStack, which is an AI infrastructure platform. And Google has agreed to backstop FluidStack's obligations in the deal and will also take a 5% stake in the company. So, you've got cipher mining in the green this morning. It was up as much as 22% after this announcement."
— Nathan Hager / Valerie Teitel
Cipher Mining is experiencing significant gains following a strategic move: it signed a partnership deal with FluidStack for AI hosting, with Google providing backing and taking a 5% stake. This catalyst is driving rapid price increases in pre-market trading, highlighting a positive outlook for the stock.
Company CommentaryBullish High ConvictionScore: 8.0
Company Opinion •Stock Movers • 30 days ago