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Popular crypto mining stock surges after $5.5B Amazon deal
Yahoo Finance· 2025-11-03 17:12
Crypto miner Cipher Mining (CIFR) soared nearly 20% in pre-market on Monday after announcing a $5.5 billion, 15-year deal with Amazon Web Services (AWS) to supply power and space for artificial intelligence (AI) workloads. The agreement marks one of the largest partnerships yet between a crypto mining firm and a major cloud provider. “The third quarter was truly transformative for Cipher,” CEO Tyler Page said. “We executed a pivotal transaction with Fluidstack and Google, and now we’re taking another majo ...