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Wajeeh Khan

Amazon Is Lifting Cipher Mining Stock. Is There More Upside in Store?

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. 

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