December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
Cipher Mining secures $1.4 billion to launch Texas data center
Cipher Mining Inc. has raised 1.4 billion USD through high-yield bonds to build an AI data center at Barber Lake, Texas, with Google as a partner and Morgan Stanley as the bail-in agent. The bonds are issued by the subsidiary Cipher Compute LLC, with a yield of 7.125%, maturing in 2030.
This move marks a strategic shift for Cipher from Bitcoin mining to AI computing infrastructure, aiming to leverage the increasing demand in the fields of artificial intelligence and cloud computing. The project is secured by assets, contracts, and the company's equity.
According to Fitch Ratings, the bonds are expected to be rated 'BB- (EXP), RR3', reflecting a medium level of risk. The partnership with Google helps Cipher strengthen its market position and demonstrates the industry's shift towards AI technology in cryptocurrency mining.