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.
By Adriano MarcheseShares of Cipher Digital were higher Thursday after it said it is developing pipelines to connect natural gas lines directly to its data centers to bypass grid bottlenecks.Shares were recently up 12% at $17.02.The data center operator said that the lateral pipelines will connect…