Markets.News
Cipher Digital Inc. (NASDAQ: CIFR) saw a rise in its stock on Thursday, with a 10% increase as investors shifted their focus towards its pure-play Artificial Intelligence (AI) and High-Performance Computing (HPC) hosting model. This move away from cryptocurrency and towards a data center infrastructure model allowed CIFR to stand out from the general market trend. During the same period, Bitcoin (CRYPTO: BTC) experienced a 5.46% drop, reaching $62,299.72, while the total cryptocurrency market capitalization fell by 4.52% to $2.15 trillion.