/2d%20illustration%20of%20Cloud%20computing%20by%20Blackboard%20via%20Shutterstock.jpg)
Cipher Mining (CIFR) shares closed well over 20% higher on Monday after the New York-headquartered firm announced a 15-year hosting agreement worth $5.5 billion with Amazon’s (AMZN) Amazon Web Services (AWS).
In September, the Nasdaq-listed firm signed a similar deal with Google-backed Fluidstack as well, but the AWS transaction marks its most notable pivot into artificial intelligence (AI) infrastructure.