Cipher Mining (CIFR) Surges 19.7% on AI Boom

Group 1 - Cipher Mining Inc. (NASDAQ:CIFR) experienced a significant increase of 19.73% on Friday, closing at $20.66, driven by investor interest in AI stocks following Oracle Corp.'s $38 billion data center expansion announcement [1][2] - The rally in Cipher Mining was supported by optimism regarding sustained infrastructure demand for next-generation AI, alongside other companies like IREN Ltd. and Hut 8 Corp. [2] - Investors are repositioning their portfolios in anticipation of Cipher Mining's third quarter earnings results, which are set to be released before the market opens on November 3 [3] Group 2 - In September, Cipher Mining produced 251 Bitcoins, an increase of 10 Bitcoins from August's production of 241, attributed to a higher self-operating hash rate of 23.6 EH/s compared to 23 EH/s in August [4] - The company sold 158 Bitcoins in September, a significant rise from 42 Bitcoins sold in August, capitalizing on the surge in Bitcoin prices during that period [4]