Oracle's $38 Billion Deal Triggers AI Miners

Oracle's Major Move

Oracle has made a significant step with a $38 billion data center financing split between Texas and Wisconsin projects. This agreement stands out as part of the company's $500 billion artificial intelligence infrastructure investment carried out within the framework of the Stargate initiative conducted in collaboration with OpenAI.

Market Reaction

Cipher Mining (CIFR) and IREN (IREN) stocks gained 7%. Additionally, Bitfarms (BITF) stock rose by 12%, reversing the losses experienced following the recent sector correction.