Cipher Mining soars after revealing a $5.5 billion deal with Amazon to provide AI data center capacity and power
Cipher Mining is soaring in premarket trading amid another massive deal announced this morning between a bitcoin miner turned data center company and a hyperscaler.
Along with its Q3 results, CIFR revealed a $5.5 billion, 15-year pact with Amazon to provide capacity and power for AI workloads. Cipher will deliver 300 megawatts’ worth of capacity in two phases next year, and expects to begin collecting rent for this deal in August 2026.
This is Cipher’s “first direct lease with a Tier 1 hyperscaler,” CEO Tyler Page said, and comes a little over a month after the firm booked a 10-year hosting agreement with AI cloud platform company Fluidstack, with Google amassing a 5.4% equity stake in Cipher as part of the transaction.
As for those Q3 results, Cipher posted adjusted diluted earnings per share of $0.10, far better than the expected 5.4-cent loss, on revenues of $72 million, which were shy of the $76.5 million consensus estimate.
