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Cipher Mining Signs $5.5 Billion, 15-Year AWS Partnership to Power AI Workloads
Bitcoin miner Cipher Mining saw its shares surge more than 34% on Monday following the announcement of a landmark 15-year, $5.5 billion lease agreement with Amazon Web Services (AWS) — a move that cements the company’s growing role in the high-performance computing (HPC) and AI infrastructure space.
A 15-Year Partnership with Amazon
Under the new deal, Cipher Mining will provide turnkey space and power to support AI workloads for AWS in two phases, beginning in July and August 2026. The long-term agreement signals a deepening relationship between crypto miners and major tech firms, as both industries look to leverage existing infrastructure for AI and cloud computing growth.
Stronger Financial Performance Fuels Momentum
Cipher Mining also reported a narrowed net loss of $3 million for the third quarter, compared with $46 million in the previous quarter. Adjusted earnings rose from $30 million to $41 million, underscoring a significant turnaround in profitability. The company’s stock price climbed from $18.65 to a peak of $25.02, before closing at $22.76 by the end of the trading session.
Diversifying Beyond Bitcoin
Following the April 2024 Bitcoin halving, which reduced mining rewards to 3.125 BTC, many miners have been shifting energy capacity toward AI and HPC hosting to offset reduced profitability. Cipher’s partnership with AWS marks another major step in that transition.
Backed by Google and Expanding in Texas
The deal with Amazon follows Cipher’s September partnership with Google, when the tech giant acquired a 5.4% stake in the miner as part of a $3 billion data center deal with Fluidstack. Cipher CEO Tyler Page described the Amazon deal as “another major step forward” for the company’s HPC ambitions.
Cipher also announced a majority stake in a one-gigawatt AI hosting site in West Texas, known as Colchis, where it holds 95% equity ownership.
As tech giants deepen collaborations with crypto miners, Cipher’s latest moves highlight the accelerating convergence between blockchain infrastructure and artificial intelligence.
