Cipher Mining (CIFR) Hits Fresh High on AI Frenzy

Group 1 - Cipher Mining Inc. (NASDAQ:CIFR) has experienced a significant rally, reaching a new 52-week high amid growing investor interest in digital infrastructure related to artificial intelligence [1][3] - On Wednesday, Cipher Mining's stock climbed to a peak price of $10.43 before closing at $10.25, marking an 11.17% increase and its fourth consecutive day of gains [2][3] - The company's expansion of its Black Pearl sites is aimed at meeting the increasing demand for high-performance computing (HPC) driven by both AI and hydro-Bitcoin mining [3][4] Group 2 - CEO Tyler Page indicated that the Black Pearl site is expected to be fully leased by HPC tenants, allowing for flexibility in monetizing access to power through either HPC tenants or Bitcoin mining [4]