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Yahoo Finance

Why Cipher Mining Stock Soared on Monday Morning

Missing earnings usually means falling stock prices, right? Not when you announce a massive Amazon deal on the same day.

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npub19pue...0wwv 1 month ago

👉 Cipher Mining's stock surged 34.6% despite missing Q3 earnings and revenue estimates 👉 The company announced a 15-year, $5.5 billion data center agreement with Amazon Web Services (AWS) for AI workloads 👉 The deal transforms Cipher from a Bitcoin miner into an AI data center provider with crypto mining on the side 👉 The company's Bitcoin mining revenue nearly tripled year over year