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Cipher Digital (NASDAQ:CIFR) shares jumped 13% Wednesday after the company secured conditional grid classifications for 3.2 gigawatts of Texas data-center capacity, though the designations stop short of authorizing power connections. The company first disclosed the 3.2-gigawatt total last week, then identified the individual sites in a breakdown posted on X on Tuesday.
Shares of Applied Digital (NASDAQ:APLD) and TeraWulf (NASDAQ:WULF) are rebounding Thursday morning as the oversold AI capacity trade catches a bid, with the sector fund and the broad tape also higher. Applied Digital stock is up 5% to $25.
Engineers Gate Manager LP acquired a new stake in shares of Cipher Mining Inc. (NASDAQ: CIFR) during the second quarter, according to its most recent filing with the SEC. The fund acquired 64,759 shares of the company's stock, valued at approximately $1,587,000. Several other institutional investors and hedge funds have also bought and
Investors just got some encouraging news about Cipher's Texas data centers.
Shares of Cipher Mining (NASDAQ:CIFR) are up 9% to $16.42 in early Wednesday trading after the Electric Reliability Council of Texas (ERCOT) disclosed conditional grid capacity covering 3.2 gigawatts across Cipher's Texas projects.
For years, bitcoin miners traded like a leveraged bet on the token they produce. That relationship broke down over the past year, according to a recent CoinShares report.
https://www.theenergymag.com/news/market-news/cipher-texas-ercot-batch-zero
In the closing of the recent trading day, Cipher Digital Inc. (CIFR) stood at $15.1, denoting a -3.45% move from the preceding trading day.
SEC filings for CIFR aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.