Cipher Digital stock surged 13.9% in morning trading Wednesday after the Electric Reliability Council of Texas published an update indicating grid capacity of up to 3.2 gigawatts for the company's data centers in the state. The ERCOT update, issued through its Batch Zero evaluation framework before the market opened, bodes well for the scaling of Cipher Digital's AI compute business. The gain came as AI-related stocks broadly rebounded from recent sell-offs driven by concerns about potential increased regulation of the artificial intelligence industry. At the same point in the session, the S&P 500 was up 0.2% and the Nasdaq Composite was up 0.6%.
Cipher Mining IncERCOT's Batch Zero update indicates up to 3.2 GW of grid capacity for Cipher Digital's Texas data centers, supporting scaling of its AI compute business.
NVIDIA Corporation