Cipher Mining announces $5.5bn Amazon AI lease, posts in-line Q3 EPS; shares jump By Investing.com
Update: 2025-11-03
Description
Cipher Mining's Q3 results and Amazon partnership drive stock surge: The company's earnings were close to expectations, but the real news was its 15-year, $5.5B deal with Amazon Web Services for AI workloads. The project, set to begin in 2026, will provide 300MW of power capacity and generate rent payments for Cipher. The company also finalized a 1GW direct connect agreement with American Electric Power. These announcements sent Cipher Mining's shares up 17% in early trading, reflecting the market's positive response to the company's forward-looking deals and ambitions in high-performance computing.
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