On July 23, Cipher Mining Inc. rose 7.05% in regular trading, trading at $26.535/share, with turnover of $93.13 million. The stock continues to benefit from a powerful sector-wide rally in AI compute and data center names, alongside a recovery in Bitcoin prices.

The core catalyst fueling sector momentum stems from Hut 8 Mining's landmark 15-year, $9.8 billion AI compute center lease agreement signed earlier this week, which added 352MW of NVIDIA compute capacity and directly countered market fears of compute oversupply. IREN also disclosed $2.8 billion in cloud service contracts. These deals have validated the long-term AI compute demand thesis, lifting former Bitcoin mining companies pivoting toward AI infrastructure. Within the sector, Hut 8 Mining rose 7.81% and IREN gained 4.29% on the session.

Additionally, Bitcoin's surge past the $66,000 level on progress toward the U.S. CLARITY Act provided further tailwinds for crypto-adjacent names. Cipher Digital is scheduled to release its Q2 financial results on August 4.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)