Cipher Mining rocketed 34% after unveiling a landmark 15-year, $5.5 billion data center lease with Amazon Web Services (AWS).
The explosive move shows how the company is rapidly transforming into a powerhouse bridging crypto energy assets with hyperscale cloud demand.
Shares of Cipher Mining vaulted from $18.65 to an intraday peak of $25.02 before closing at $22.76. This is largely attributed to the AWS deal’s scale.
Meanwhile, the company reported a third quarter net loss narrowed to just $3 million, down from $46 million last quarter. Their adjusted earnings surged to $41 million from $30 million, showcasing operational discipline amid post-halving headwinds.
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The agreement between AWS and Cipher Mining
The AWS agreement obligates Cipher Mining to deliver turnkey space and power for AI workloads across two phases launching in July and August 2026.
This direct hyperscaler lease follows the firm’s September masterstroke: a $3 billion multi-year data center partnership with Fluidstack, backed by Google’s 5.4% equity stake in the miner.
CEO Tyler Page hailed the twin deals as “pivotal transactions that firmly establish Cipher Mining’s credibility in the HPC arena.”
“We are now following that transaction with another major step forward by signing our first direct lease with a Tier 1 hyperscaler,” Page declared.
Since Bitcoin’s April 2024 halving slashed block rewards to 3.125 BTC, miners have aggressively repurposed stranded power capacity for AI and high-performance computing (HPC).
Industry watchers note that crypto miners’ modular data centers, rapid deployment timelines, and existing high-voltage interconnections make them ideal partners for AI’s insatiable energy needs.
U.S. Energy Secretary Jennifer Granholm recently floated expedited direct grid access for both AI and crypto miners, further catalyzing the convergence.
Fellow miner IREN mirrored the momentum Monday, inking a separate $9.7 billion multi-year GPU cloud services contract with Microsoft. Earlier, TeraWulf sealed a $3.7 billion hosting pact with Fluidstack, also Alphabet-backed.
As for Cipher Mining, the AWS contract is more than revenue;it’s validation.
Analysts project the deal could contribute over $350 million in annual run-rate revenue at maturity, dwarfing current mining economics.
