Cipher Digital shares jump on pipeline plan to bypass power grid bottlenecks
Cipher Digital said it is developing lateral pipelines to connect natural gas lines directly to its data centers, bypassing grid bottlenecks. Shares were up 12% to $17.02.
Shares of Cipher Digital were higher Thursday after the company said it is developing pipelines to connect natural gas lines directly to its data centers, bypassing grid bottlenecks. The stock was recently up 12% at $17.02. The data center operator said the lateral pipelines will connect natural gas lines directly to its facilities.