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Bitcoin miner Cipher posts $31 million profit amid AI pivot

Original: BTC news: Bitcoin miner Cipher posts $31 million profit as AI pivot begins

Bitcoin mining company Cipher Mining has reported a profit of $31 million as it begins shifting capacity toward artificial intelligence and high-performance computing workloads. The result comes as several miners move to diversify beyond Bitcoin into AI data center services, a trend investors are watching closely for signs the sector can find new revenue streams.

Why now: Miners pivoting to AI is a closely watched theme, and a profitable quarter offers early evidence it can pay off.

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