Cipher Mining Shares Surge 33% After $5.5 Billion AWS AI Deal and Texas Expansion

TL;DR Cipher Mining signs a $5.5 billion, 15-year contract with AWS for AI workloads. The company also announces a new 1 GW project for high-performance computing (HPC) in West Texas. The stock (CIFR) rose over 33% following the news, accumulating more than 400% year-to-date. Cipher Mining (CIFR) shares experienced a surge of over 33% in early trading on Monday, trading at $24.81, after the company, originally a Bitcoin (BTC) miner, announced a deep diversification into artificial intelligence (AI). The main catalyst was the revelation of a massive Cipher Mining agreement with AWS (Amazon Web Services) during its third-quarter update ....