Cipher Mining Soars 32% on $5.5B Amazon AI Hosting Deal

Cipher Mining, a Bitcoin mining company, announced a 15-year lease deal with Amazon Web Services. The agreement, valued at $5.5 billion, involves providing space and power specifically for Artificial Intelligence (AI) workloads. The delivery will occur in two phases starting from July and August 2025.

In its third-quarter financial report, Cipher Mining posted a net loss of $3 million, a significant improvement from the $46 million loss reported in the previous quarter. Additionally, the company’s adjusted earnings rose to $41 million, up from $30 million. Following the announcement, Cipher’s stock increased by more than 32%, briefly reaching $24.80.

In September, Google acquired a 5.4% stake in Cipher Mining through a $3 billion multi-year data center partnership involving AI-focused company Fluidstack. Cipher’s CEO, Tyler Page, highlighted the importance of these deals, stating, “We are now following that transaction with another major step forward by signing our first direct lease with a Tier 1 hyperscaler.”

Apart from the Amazon partnership, Cipher Mining also holds a majority interest in a joint venture to build a one-gigawatt AI hosting facility in West Texas called Colchis. The company is financing most of the project and will own 95% equity. Larger tech firms are increasingly collaborating with Bitcoin miners, as seen in recent contracts between Microsoft and IREN, and between Fluidstack and TeraWulf.

For more details, see the official press release and track stock activity at Google Finance.

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