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Cipher Mining Stock Soars 34% Following $5.5B Amazon Cloud Infrastructure Deal

Quick Breakdown 

  • Cipher Mining stock surged 34% after unveiling a $5.5B AWS partnership for AI infrastructure.
  • Improved Q3 results showed a net loss cut from $46M to $3M and adjusted earnings rising to $41M.
  • The company deepens its tech alliances with Amazon and Google while expanding into AI hosting in Texas.

Cipher Mining strikes $5.5B AWS partnership

Bitcoin mining firm Cipher Mining saw its shares surge by more than 34% on Monday after announcing a long-term 15-year partnership with Amazon Web Services (AWS) valued at $5.5 billion. The agreement marks one of the largest collaborations yet between a crypto miner and a global technology powerhouse.

Under the lease deal, Cipher will provide turnkey data centre space and power for AWS’ artificial intelligence (AI) workloads in two phases, beginning in July and August 2026.

Earnings Boost Fuels Investor Confidence

Cipher also reported a sharp improvement in its third-quarter financials, narrowing its net loss to $3 million, compared to $46 million in the previous quarter. Adjusted earnings climbed to $41 million from $30 million, reflecting stronger operational efficiency and diversified revenue streams.

Following the announcement, Cipher’s stock jumped from $18.65 to a peak of $25.02, before settling at $22.76 by market close.

Cipher’s latest deal follows its September collaboration with Google, when the tech giant acquired a 5.4% stake in the miner through a $3 billion partnership involving data center firm Fluidstack.

We’ve solidified our position in the high-performance computing space through our partnership with Google and Fluidstack,”

said Cipher CEO Tyler Page, adding that the Amazon deal marks “another major milestone” for the company.

Additionally, Cipher announced it now holds a 95% majority stake in a joint venture to develop a one-gigawatt AI hosting site in West Texas, named Colchis — a move designed to strengthen its presence in the growing AI infrastructure market.

Tech giants bet on Bitcoin Miners

Cipher’s announcement came as tech corporations increasingly partnered with crypto miners to expand computing infrastructure. IREN recently inked a $9.7 billion GPU cloud deal with Microsoft. TeraWulf secured a $3.7 billion hosting agreement in August with Fluidstack, backed by Alphabet, Google’s parent company.

 

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