Bitcoin miners pivot to AI, with IREN's $9.7B Microsoft deal driving 580% stock surge as US blocks China chip access.
Cipher Mining shares soared over 34% after signing a $5.5 billion AI hosting deal with Amazon Web Services and posting improved earnings compared to the last quarter.
Shares of IREN jumped to a record high Monday after the Australian Bitcoin miner and data center company said it inked a $9.7 billion deal with Microsoft.
Investor's Business Daily on MSN
Iren, Cipher Mining Surge On AI Cloud Deals With Microsoft, Amazon Web Services
Cipher MiningCIFR announced a long-term deal with AmazonAMZN.IREN and CIFR stocks soared, but closed off intraday highs.
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