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Stock impact report

Cipher Digital Completes Pivot To Contracted AI And HPC Infrastructure [Yahoo! Finance]

Cipher Mining Inc. (CIFR) 
Company Research Source: Yahoo! Finance
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Cipher Digital has completed its transformation from bitcoin miner Cipher Mining to a high performance computing data center developer. The company has exited non core mining assets and divested joint venture stakes and mining rigs. Cipher Digital has secured long term HPC capacity leases with AWS, Google, and Fluidstack and arranged substantial project financing. The company reports a multibillion dollar contracted revenue base supporting its repositioning as a digital infrastructure provider. Cipher Digital, now trading under NasdaqGS:CIFR, is repositioning itself around hyperscale computing infrastructure at a time when its share price stands at $15.6. The stock has seen a 6.5% gain over the past week, while the 1 year return is very large. This signals that investors have been responding strongly to the company's reset over the past year. Shorter term moves Show less Read more
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