A $5.5 Billion Reason to Buy Cipher Mining Stock Here

3 weeks ago 12

On Nov. 3, shares of Cipher Mining (CIFR) rocketed to a then 52-week precocious of $25.11, soaring 22% successful a azygous session. This came arsenic the institution announced its jaw-dropping $5.5 cardinal high-performance computing woody with Amazon Web Services (AWS) successful its astir caller net release.

Founded successful 2021, Cipher had erstwhile made its breadstuff and food by mining Bitcoin (BTCUSD). But with Bitcoin’s 2024 halving cutting artifact subsidies successful two, Cipher saw the penning connected the wall.

  • Dear AMD Stock Fans, Mark Your Calendars for November 11

  • Heavy Tesla Call Options Volume Highlights TSLA Stock's Value

  • As Trump Blocks Nvidia AI Chip Shipments to China, How Should You Play NVDA Stock?

  • Our exclusive Barchart Brief newsletter is your FREE midday usher to what's moving stocks, sectors, and capitalist sentiment - delivered close erstwhile you request the info most. Subscribe today!

It has present struck a 15-year statement with Amazon’s (AMZN) AWS to provide data halfway abstraction and powerfulness for Amazon’s artificial quality (AI) workloads, a woody that starts bearing effect successful 2026. The archetypal rent outgo is owed successful August 2026, mounting the signifier for Cipher’s adjacent act.

The displacement is not coming retired of bladed air. Cipher has already been investigating the waters with earlier information halfway agreements with Fluidstack and Alphabet’s (GOOG) Google Cloud. Its caller infrastructure, featuring some air- and liquid-cooled racks, is built for the heavyweight champions of AI, those monolithic grooming clusters that request superior powerfulness and precision.

From Bitcoin to large data, Cipher’s travel is simply a masterclass successful adaptation, and this AWS concern whitethorn conscionable beryllium its aureate goose.

Headquartered successful New York, Cipher Mining (CIFR) is accelerated emerging arsenic 1 of the astir intriguing names successful the exertion and infrastructure playbook. The institution operates industrial-scale information centers for Bitcoin mining and high-performance computing (HPC) hosting, lasting astatine the crossroads of 2 of the astir transformative technologies successful the world.

With a marketplace cap hovering adjacent $9.8 billion, Cipher aims to beryllium a planetary person successful mining growth, information halfway construction, and HPC hosting for tech giants. Over the past 52 weeks, CIFR shares have skyrocketed by 210%. In conscionable six months, they person soared 610%.

And if that was not capable to drawback attention, the past period unsocial has seen the banal leap 41%, with the banal up 13.3% successful conscionable the past 5 trading days.

www.barchart.com

www.barchart.com

Cipher’s fiscal 2025 third-quarter net report, released connected Nov. 3, came with its just stock of fireworks. While the institution technically missed Wall Street’s expectations, the market’s absorption said otherwise.

Read Entire Article