Why Is Cipher Mining Stock Surging on Friday?
Cipher Mining Inc (NASDAQ: CIFR) stock is surging Friday amid falling oil prices, easing Treasury yields, and recent power infrastructure expansion updates.
Cipher Mining's stock is going up because oil prices fell and the company added more power to run its computers. When investors feel calmer about the economy, they often get more interested in crypto and mining companies.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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