NasdaqGS:CIFRSoftware
Cipher Mining (CIFR) Is Down 11.1% After $7.5 Billion AI Pivot With AWS And Google-Backed Fluidstack
Cipher Mining has already begun shifting from pure Bitcoin mining toward AI-focused data centers, securing long-term leases with Amazon Web Services worth about US$5.50 billion and expanding a Google-backed Fluidstack hosting agreement that could reach roughly US$2.00 billion.
This pivot effectively recasts Cipher as a hyperscaler-backed AI infrastructure landlord, but it also layers on heavy upfront construction spending, ongoing Bitcoin exposure, and potential dilution from warrant...