10 Stocks Beating Wall Street’s Bets

2. Cipher Mining Inc. (NASDAQ:CIFR)

Cipher Mining soared by 19.73 percent on Friday to finish at $20.66 apiece as investors hunted for AI stocks amid renewed optimism supported by Oracle Corp.’s $38 billion data center expansion deal.

During the session, Cipher Mining Inc. (NASDAQ:CIFR) rallied alongside its counterparts, namely IREN Ltd. and Hut 8 Corp., as Oracle’s announcement strengthened optimism for sustained infrastructure demand to power the next-generation AI.

In other developments, investors began repositioning portfolios ahead of Cipher Mining Inc.’s (NASDAQ:CIFR) third quarter earnings results before market open on Monday, November 3. A conference call will be held to elaborate on the results.

AI aside, Cipher Mining Inc. (NASDAQ:CIFR) earlier this month announced that it was able to produce 251 Bitcoins in September, marking an increase of 10 units from 241 in August, thanks to a higher self-operating hash rate of 23.6 EH/s versus 23 EH/s in the same comparable period.

It also sold 158 Bitcoins during the period, versus 42 units in August, taking advantage of the surge in Bitcoin prices during the period.