Stock Market Today, May 5: Cipher Digital Surges on AI Data Center Shift Backed by Hyperscale Leases
Cipher Mining (NASDAQ:CIFR), bitcoin and AI data center operator, closed Tuesday at $22.1, up 23.53%. The stock moved higher after Q1 results and updates detailed a strategic pivot toward hyperscale-ready AI/HPC data centers supported by a new $200 million credit facility. Investors are watching closely on the execution on these long-term leases and build-outs.