Cipher Mining Inc. (CIFR) surged to a new record high, hitting $9.36 before settling at $9.22 per share, up 19.43% for the day. This rise was fueled by Nebius Group’s $18 billion cloud computing deal with Microsoft, boosting investor confidence in the high-performance computing (HPC) sector. CIFR focuses on bitcoin mining and HPC hosting, expanding its Black Pearl sites to meet demand from AI and hydro-Bitcoin mining tenants. CEO Tyler Page sees this expansion as a way to quickly monetize power access through HPC or bitcoin mining. While CIFR shows potential, some believe other AI stocks offer greater returns with less risk.

Read more at Yahoo Finance: Cipher Mining (CIFR) Soars to All-Time High, Rides Nebius-Microsoft Deal Boom