Cipher Mining Secures $1.4 Billion for AI-Focused Data Center

Cipher Mining secured a significant funding boost of $1.4 billion to build a new data center in Barber Lake, Texas, designed to serve the burgeoning demand for artificial intelligence (AI) infrastructure. Google and Morgan Stanley are key players in this venture. The company’s move marks a significant shift away from Bitcoin mining, a trend driven by the growing need for AI computing power within the crypto industry and beyond. This funding will allow Cipher to accelerate the construction of its new data center, which is expected to be operational soon. [Link to Coincu Article]