Amazon Collaborates with AI Company Originating from Bitcoin Mining in $5.5 Billion Data Agreement
Major Partnership Announcement: Cipher Mining has entered a $5.5 billion, 15-year agreement with Amazon Web Services (AWS) to provide data center capacity for AI hosting, marking a significant shift from its previous focus on crypto mining.
New Data Center Development: The company plans to build a large data center complex in West Texas, named Colchis, designed to support AI workloads, with full activation expected by 2028, pending regulatory approval.
Financial Growth and Market Reaction: Cipher's recent earnings report showed a net loss but highlighted $8.5 billion in AI-related lease commitments, leading to a 33% surge in its stock price, reflecting investor confidence in its pivot to AI infrastructure.
Industry Trends: The convergence of crypto mining and AI infrastructure is emerging as a key trend, with Cipher positioning itself as a leader in the AI ecosystem, showcasing how mining firms can adapt to the evolving data demands of tech giants.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36103.034 | 48051.517 | 60373.054 | 72321.537 | 84643.074 | 96591.557 | 108913.094 |
| Fibonacci | 48051.517 | 57322.665 | 63050.389 | 72321.537 | 81592.685 | 87320.409 | 96591.557 |
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