Cipher Mining Soars with $5.5B Amazon Partnership for AI Growth
Cipher Mining's Partnership with Amazon: Cipher Mining's stock rose over 32% after announcing a 15-year, $5.5 billion lease agreement with Amazon Web Services to support AI workloads and crypto mining, marking a significant collaboration between tech giants and the crypto industry.
Diversification and Financial Performance: The company reported a reduction in net loss and an increase in adjusted earnings for Q3, while also diversifying its revenue streams through partnerships with Google and Microsoft, and expanding into AI hosting services.
Strategic Alliances and Growth: Google acquired a 5.4% stake in Cipher Mining as part of a $3 billion collaboration, highlighting the strengthening ties between major tech firms and crypto miners, and Cipher's strategic move to secure a lease with a Tier 1 hyperscaler.
Industry Trends in Crypto Mining: The trend of crypto miners forming partnerships with tech companies is growing, as seen with IREN and TeraWulf's significant contracts, indicating a broader acceptance of blockchain technology within the mainstream tech sector.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) 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 AI 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, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00939 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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