Key Metrics
54.77
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-11-03
Key Impacts
Positive Impacts (10)
Event Overview
A Bitcoin mining company's stock surges following a significant long-term lease agreement with a major cloud provider, despite reporting a net loss in the latest quarter. The deal highlights the growing intersection of cryptocurrency and large-scale technology infrastructure.
Collect Records
cifr
cifr Bitcoin (BTC) Mining News: CIFR Higher on AWS Deal Google strikes game-changing $3 billion deal with Bitcoin mining company: 'One of the largest spenders' Cipher Mining Soars 30% Despite Loss. Amazon Is Boosting the Stock.
Cipher Mining Reports Q3 2025 Earnings and Announces Major Deals
Cipher Mining (NASDAQ: CIFR) reported Q3 2025 financials, including $72 million in revenue, a net loss of $3 million ($0.01 per share), and non-GAAP adjusted earnings of $41 million ($0.10 per diluted share). The company executed a 15-year, approximately $5.5 billion lease with Amazon Web Services to deliver 300 MW of AI capacity starting in July 2026, with rent beginning in August 2026. Cipher also formed a joint venture to develop Colchis, a 1 GW project in West Texas, where Cipher will hold approximately 95% of the equity. Additionally, Cipher plans to hold 95% equity in a Texas site with a 1GW Direct Connect Agreement with AEP, targeting energization by 2028, pending ERCOT final review. The company has completed a 3.2 GW pipeline, raised $1.3 billion through a convertible note offering, and secured a 10-year AI hosting agreement with Fluidstack and Google.