Cipher Mining (NASDAQ: CIFR), primarily known for its crypto mining revenue, is shifting its focus towards artificial intelligence (AI) data centers. The company has secured long-term agreements with major tech firms, including a significant 15-year lease with Amazon (NASDAQ: AMZN) valued at $5.5 billion. This strategic pivot indicates a diversification of revenue sources and positions Cipher Mining within the growing AI sector. The partnerships are expected to enhance the company’s financial stability and growth prospects.
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