{"id":53385,"date":"2025-11-04T09:08:05","date_gmt":"2025-11-04T02:08:05","guid":{"rendered":"https:\/\/hbbgroup.net\/cipher-mining-rockets-32-after-5-5b-data-center-deal-with-amazon\/"},"modified":"2025-11-04T09:08:05","modified_gmt":"2025-11-04T02:08:05","slug":"cipher-mining-rockets-32-after-5-5b-data-center-deal-with-amazon","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/cipher-mining-rockets-32-after-5-5b-data-center-deal-with-amazon\/","title":{"rendered":"Cipher Mining rockets 32% after $5.5B data center deal with Amazon"},"content":{"rendered":"
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Fellow miner IREN also signed a multi-year GPU cloud services contract with Microsoft worth $9.7 billion on Monday. <\/p>\n

\"Cipher<\/picture><\/div>\n
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Bitcoin mining company Cipher Mining surged more than 32% after revealing a new 15-year deal with tech giant Amazon, adding to a wave of partnerships between major technology companies and crypto miners.<\/p>\n

The 15-year lease agreement with Amazon Web Services, valued at $5.5 billion, requires Cipher to provide turnkey space and power for AI workloads in two phases, starting in July and August next year, the Bitcoin (BTC<\/a>) miner announced on Monday.<\/p>\n

Cipher Mining also posted a significantly narrowed net loss of $3 million and a rise in adjusted earnings of $41 million for the third quarter, compared<\/a> to a net loss of $46 million and adjusted earnings of $30 million in the previous quarter.<\/p>\n

This led to Cipher\u2019s stock shooting<\/a> up 32% from $18.65 to a peak of $24.80 during trading on Monday before settling back to $22.76 by the end of the trading day. <\/p>\n

Source: <\/em>Cipher Mining<\/em><\/a><\/figcaption><\/figure>\n

Bitcoin miners have been increasingly diversifying income streams by shifting their energy capacity toward AI<\/a> and HPC hosting services after the April 2024 halving cut mining rewards<\/a> to 3.125 Bitcoin, which has hurt overall profitability.<\/p>\n

Cipher and Google are in business as well<\/h2>\n

In September, Google acquired a 5.4% stake in Cipher Mining<\/a> as part of a $3 billion, multi-year data center deal with AI data center company Fluidstack.<\/p>\n