Cipher Digital (NASDAQ:CIFR) shares jumped 13% Wednesday after the company secured conditional grid classifications for 3.2 gigawatts of Texas data-center capacity, though the designations stop short of authorizing power connections. The company first disclosed the 3.2-gigawatt total last week, then identified the individual sites in a breakdown posted on X on Tuesday.
For years, bitcoin miners traded like a leveraged bet on the token they produce. That relationship broke down over the past year, according to a recent CoinShares report.
Bitcoin and crypto-related stocks remained lower on Tuesday after the U.S. Senate failed to advance comprehensive cryptocurrency legislation in a major blow for digital asset companies and Republicans who had championed the bill for months.
City Leaders Chose the Projects After July Storm Damage Cut Residents' Water; Barber Lake Data Center Draws No Water from the City's System City Leaders Chose the Projects After July Storm Damage Cut Residents' Water; Barber Lake Data Center Draws No Water from the City's System
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