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Bitcoin mining company Cipher Mining surged more than 34% after revealing a new 15-year deal with tech giant Amazon, adding to a wave of partnerships between major technology companies and crypto miners.
The 15-year lease agreement with Amazon Web Services, valued at $5.5 billion, requires Cipher to provide turnkey space and power for AI workloads in two phases, starting in July and August next year, the Bitcoin (BTC) miner announced on Monday.
Cipher Mining also posted a significantly narrowed net loss of $3 million and a rise in adjusted earnings of…
