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3 Reasons Investors Should Ignore Cipher Digital's Double Miss

The Motley Fool·
3 Reasons Investors Should Ignore Cipher Digital's Double Miss

Cipher Digital missed Q2 earnings and revenue estimates, but the company is pivoting from crypto mining to AI data centers. The company started delivering high-performance compute capacity ahead of schedule with a $5.5 billion, 15-year Amazon deal generating $367 million in annual recurring revenue. Additional catalysts include a 900-megawatt site option near San Antonio and full funding of the 100-megawatt Stingray facility, positioning the company to rely less on debt financing.

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