Cipher Mining signs 10-year HPC hosting agreement with Fluidstack, backed by Google guarantee, stock price surges over 17.22%
Foresight News reported that cryptocurrency miner Cipher Mining has announced a 10-year HPC hosting partnership with AI cloud platform Fluidstack, involving potential revenues of several billions of dollars, with partial financial support provided by a certain exchange. The exchange will provide $333 million in "guarantee support" for part of Fluidstack's lease obligations to assist with project financing-related debt. Possibly influenced by this news, Cipher Mining (CIFR.US) shares rose sharply, up more than 17.22% to $17.138 at the time of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreBloomberg integrates licensed financial data into the blockchain via Kaiko, covering approximately $25 billion in the tokenized market.
Syndax Pharmaceuticals, Inc. announces that patient enrollment has been completed for its Phase II clinical trial of Axatilimab for idiopathic pulmonary fibrosis (IPF).
