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Mining Stocks

CIFR, CLSK, MARA Stocks Jump After Hut 8, IREN Fuel Digital Infrastructure Rally

Fresh announcements from Hut 8 and IREN renewed optimism around the industry’s shift toward AI infrastructure and cloud computing. Cipher Digital led the sector higher despite Morgan Stanley lowering its price target, while maintaining an ‘Overweight’ rating on the stock. Monday’s rally followed a difficult July for the sector, with most companies still trading well below where they began the month. Shares of crypto mining companies, which are now pivoting toward data center infrastructure, jumped…