Cipher Mining's stock soared 19% following the announcement of a $5.5 billion lease agreement with Amazon Web Services (AWS). The deal involves supplying 300 megawatts of power capacity by late 2026. Additionally, Cipher Mining revealed plans for a new 1 gigawatt facility in West Texas, named 'Colchis,' expected to be completed by 2028.
In its latest financial report, Cipher Mining disclosed $72 million in revenue for the third quarter and $41 million in adjusted earnings. The company's total AI-hosting contracts have now reached $8.5 billion, underscoring its expanding footprint in the high-performance computing sector.
Cipher Mining Stock Jumps 19% on $5.5B AWS Deal
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