Mining companies sell Bitcoin ($5.6B) to fund AI data center construction.
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Selling assets to fund AI data center construction, with mining companies transferring approximately $5.6 billion worth of Bitcoin to exchanges for AI capital expenditures.
Cipher stock increased 250% in 2025.
Public trading launches today powered by Solana and HyperliquidX with $50,000 jackpot system and up to 80% cashback incentive for traders.
JPMorgan upgrades Cipher and CleanSpark while trimming MARA and RIOT targets in bitcoin miner sector reset.
Bitcoin mining stocks including Cipher and IREN gain in after-hours trading following Nvidia's blowout Q3 earnings results.
CIPHER trades at $4 per $1 of book value (4x premium to book), characterized as dangerous late-cycle positioning compared to competitor MARA trading at 50% discount to book value.
Allegations surface that a group called "Mining Mafia" was formed to pump insider holdings in CIPHER and IREN through coordinated market manipulation, with accusations of scamming and running misinformation campaigns against competitors MARA and RIOT.
The stock shows significant short positioning alongside other BTC mining companies.
Staking program launches for $CIPHER token with 1B total supply (200M circulating) earning passive income from all Cipher and Orbit fees plus ecosystem profits, featuring 4-year unlock and 8.5% inflation post-unlock.
The stock experiences significant price increase alongside other Bitcoin mining stocks as the sector attracts AI/HPC sector interest.
A mint event is scheduled for 10am PST.
A beta airdrop farming program is available or has concluded for the project.
Smart money is actively buying according to Nansen AI data, with the token listed among recommended Solana ecosystem purchases.
Cipher mined 241 Bitcoin in August and achieved its 23 EH/s hashrate target with 115,000 rigs deployed, ending the month with 1,414 BTC on balance sheet.
Major industry player Coreweave exploring acquisition possibilities after Core Scientific attempt.
New convertible note funds remaining Black Pearl Phase 1 capex with minimal dilution; 23EH hashrate target set for July/Aug.
Major JV deal signed with Fortress to fund $3.2B facility build with no capital requirement, retaining up to 49% economics.
Mining production share has declined since July 2023, underperforming against major competitors like MARA, CLSK, and RIOT who are gaining market share.
Airdrop codes being distributed, with early users promised rewards.
Price movement noted as "melting face" currently.