Iteration of a rational function gives a complex dynamical system on the Riemann sphere. We introduce a -algebra associated with as a Cuntz-Pimsner algebra of a Hilbert bimodule over the algebra $A = C(J_R)J_RR{\mathcal O}R$ is a certain analog of the crossed product by a boundary action. We show that if the degree of is at least two, then -algebra is simple and purely infinite. For example if $R(z) = z^2 - 2J_R = [-2,2]R : J_R \to J_R$ is topologically conjugate to the tent map on . The algebra ${\mathcal O}{z^2 - 2}{\mathcal O}_{\infty}$. We also show that the Lyubich measure associated with gives a unique KMS state on the -algebra for the gauge action at inverse temperature if the Julia set contains no critical points.

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