Bitcoin Miners IREN and Cipher Secure Multi-Billion Dollar AI Infrastructure Deals with Microsoft and Amazon

Bitcoin Miners IREN, Cipher Rise After Multi-Billion-Dollar Microsoft, Amazon Deals - Decrypt

A number of top tech companies have inked deals with data center firms in recent months. IREN stock rocketed up after the former Bitcoin miner and data center company said it had inked a $9.7 billion deal with Microsoft in the latest transaction between a Magnificent Seven firm and crypto infrastructure provider. Sydney, Australia-based IREN, which has pivoted to AI cloud computing, shot up to nearly $73 per share Monday morning New York time -- a nearly 21% rise. IREN has since settled at around $67.30. The deal will allow Microsoft to access to Nvidia's NVIDIA GB300 GPUs as it presses ahead with its AI ambitions. Microsoft stock also rose on the news. "This agreement not only validates IREN's position as a trusted provider of AI Cloud services, but also opens access to a new customer segment among global hyperscalers," IREN co-founder and CEO Daniel Roberts said in a statement. The news came as Bitcoin miner Cipher Mining on Monday announced an approximately $5.5 billion, 15-year lease agreement with Amazon Web Services to provide turnkey space and power for AI workloads. Cipher will deliver 300 MW of capacity in 2026, including both air and liquid cooling to the racks, a statement said. Nasdaq-listed Cipher's stock rose on the news; it was recently trading about 22% higher. Top tech companies are making deals with data center firms in a bid to snap up compute as demand for AI increases. Cipher in September signed a 10-year, roughly $3 billion high-performance computing colocation agreement with Fluidstack, backed by Google. Google also in August said it was upping its stake in Bitcoin miner Terawulf by providing an incremental $1.4 billion backstop to support project-related debt financing -- bringing its total stake to $3.2 billion. In the Bitcoin mining world, companies use warehouses full of computers to process transactions on the crypto network. Because they've amassed so much computing power, some miners are pivoting their infrastructure to address growing AI demand. Bitcoin was recently trading at $106,700, down 3.1% over the past 24 hours and more than 7% during the past week, according to crypto market data provider CoinGecko. In a Myriad prediction market, nearly 60% of respondents agree with crypto entrepreneur KBM who believe BTC will sink to $100,000 with the remainder agreeing with trader Mando, who thinks the asset's next move will be to $120,000.

Cipher Mining rockets 32% after $5.5B data center deal with Amazon

Fellow miner IREN also signed a multi-year GPU cloud services contract with Microsoft worth $9.7 billion on Monday. Bitcoin mining company Cipher Mining surged more than 32% after revealing a new 15-year deal with tech giant Amazon, adding to a wave of partnerships between major technology companies and crypto miners. The 15-year lease agreement with Amazon Web Services, valued at $5.5 billion, requires Cipher to provide turnkey space and power for AI workloads in two phases, starting in July and August next year, the Bitcoin (BTC) miner announced on Monday. Cipher Mining also posted a significantly narrowed net loss of $3 million and a rise in adjusted earnings of $41 million for the third quarter, compared to a net loss of $46 million and adjusted earnings of $30 million in the previous quarter. This led to Cipher's stock shooting up 32% from $18.65 to a peak of $24.80 during trading on Monday before settling back to $22.76 by the end of the trading day. Bitcoin miners have been increasingly diversifying income streams by shifting their energy capacity toward AI and HPC hosting services after the April 2024 halving cut mining rewards to 3.125 Bitcoin, which has hurt overall profitability. In September, Google acquired a 5.4% stake in Cipher Mining as part of a $3 billion, multi-year data center deal with AI data center company Fluidstack. Cipher CEO Tyler Page said in a statement on Monday that the company "executed a pivotal transaction with Fluidstack and Google, which firmly established our credibility in the HPC space." "We are now following that transaction with another major step forward by signing our first direct lease with a Tier 1 hyperscaler," he added. Related: US energy secretary floats faster direct grid access for AI and crypto miners Along with the Amazon deal, Cipher also announced it has a majority stake in a joint venture to develop a one-gigawatt AI hosting site in West Texas, known as Colchis. Under the deal, Cipher provides most of the financing and will take a 95% equity ownership. Tech giants have become increasingly involved with Bitcoin miners this year. Bitcoin mining company IREN signed a multi-year GPU cloud services contract with Microsoft worth $9.7 billion on Monday as well. Meanwhile, TeraWulf announced a $3.7 billion hosting agreement in August with Fluidstack, backed by Google parent company Alphabet.

Cipher CEO Spills 'Secret Sauce' Powering Its AI Pivot - Cipher Mining (NASDAQ:CIFR)

When Cipher Mining Inc. (NASDAQ:CIFR) CEO Tyler Page talks about the company's transformation from Bitcoin (CRYPTO: BTC)-miner to AI-infrastructure landlord, he doesn't mince words. "Our secret sauce," he says, is credibility -- credibility with both wildcat site hunters and hyperscalers with global ambitions. Page believes it's precisely why Cipher is now in pole position in the deep‐tech power race. Track CIFR stock here. Building Bridges Between Wildcatters And Cloud Giants Page insists the company's edge lies in its ability to speak two languages: the grid-wildcatter world that finds power sites and the hyperscaler world that needs ultra-efficient compute farms. "Maybe Cipher's secret sauce... is that we can speak very credibly with that audience that originates these sites and at the same time have an all day technical meeting with a hyperscaler and impress them as well," he said at the company's third quarter earnings call in response to an analyst question. Related: Cipher Mining Q3 2025 Business Update Call Transcript In practical terms, this dual competency enabled Cipher to secure a $5.5 billion, 15-year lease with Amazon.com Inc's (NASDAQ:AMZN) Amazon Web Services and reconfigure a former mining facility into high-performance compute capacity with minimal delay. For investors, the telling line is this: the company isn't just chasing one niche -- it's straddling two strong, adjacent markets. Cipher's Pivot From Bitcoin Rigs To AI Compute Real Estate "A lot of this shakes down to..." Page said, as he described the firm's track record of developing sites that others pass over. "This is like dealing directly with, by analogy, a wildcatter. Typically the hyperscalers are... not quite as nimble as we are." That confidence helped Cipher land anchor deals quickly -- and it gives the company a leg up as the industry hunts for power-efficient AI infrastructure. He also noted: "It's fair to say that in my 25-year professional career, I have never witnessed anything close to what is going on in the market right now." The implication: demand isn't just growing. It's surging -- and Cipher, by virtue of legacy and execution, believes it's ready. Why It Matters The story here isn't simply "crypto miner pivots." It's "infrastructure middleman goes major player." By leveraging its heritage in bitcoin mining and using that to gain trust from cloud giants, Cipher may be building more than assets -- it may be building a moat. Investors looking for the next wave in AI infrastructure should keep an eye on whether the "secret sauce" turns into consistent earnings, not just big contracts. Read Next: IREN, Cipher Bag Billion-Dollar AI Deals: Which Company Is Next? Image: Shutterstock $BTCBitcoin - United States dollar$106690.00-3.48%OverviewCIFRCipher Mining Inc$22.4820.5%AMZNAmazon.com Inc$255.874.77%Market News and Data brought to you by Benzinga APIs

Why Cipher Mining Stock Soared on Monday Morning | The Motley Fool

Missing earnings usually means falling stock prices, right? Not when you announce a massive Amazon deal on the same day. Shares of Cipher Mining (CIFR +23.11%) skyrocketed on Monday morning. The jump peaked around 10 a.m ET with a 34.6% gain. Cipher's stock cooled down somewhat to a 20.1% increase by 2:15 p.m. ET. The Bitcoin mining company published third-quarter results early in the morning, missing Wall Street's expectations across the board. You read that right -- Cipher fell short of analysts' consensus earnings and revenue estimates, but the stock soared anyhow. The company's Bitcoin mining revenue nearly tripled year over year, from $24.1 million to $71.7 million. Adjusted earnings swung from a net loss of $0.01 per share to a net profit of $0.10 per share. Analysts had expected more with their average targets set at $76.5 million and $0.11 per share, respectively. But none of that mattered, because Cipher also announced a large deal with Amazon today. Cipher signed a 15-year deal with Amazon Web Services (AWS), offering data center space and electric power for Amazon's artificial intelligence (AI) workloads. The service will start in 2026, with the first rent payment due in August next year. The computing assets that are good for the Bitcoin mining goose are also useful to the AI-focused gander. It's a $5.5 billion contract, stepping up the data center capacity over many years. Once the AWS agreement kicks in and starts to generate revenue, Cipher becomes an AI-oriented data center manager with a side gig in Bitcoin mining, instead of the other way around. It's a dramatic strategy shift, building on the earlier data center agreement with Fluidstack and Google Cloud. I was about to say that time will tell how this shift works out in comparison to fully committed Bitcoin miners, but most of them are exploring similar AI-focused ideas at this point. It's good to see an entire industry adopting a second revenue stream that's more predictable than the original plan. Bitcoin mining is hot stuff when the crypto market is on the rise, but the less volatile AI deals should be helpful when Bitcoin prices are going down.

IREN and Cipher Bag Billion-Dollar AI Deals: Which Company Is Next? - Cipher Mining (NASDAQ:CIFR)

IREN Ltd (NASDAQ:IREN) and Cipher Mining Inc. (NASDAQ:CIFR) burst into the spotlight on Monday with multi-billion-dollar deals that are reshaping the AI infrastructure arms race. As demand for AI-driven computing skyrockets, infrastructure providers are partnering with tech giants and cloud leaders as hyperscale AI projects secure the power and hardware they need. CIFR stock is soaring. Watch the real-time price action here. IREN's Landmark Microsoft Deal IREN secured a five-year, $9.7 billion contract with Microsoft Corp. (NASDAQ:MSFT) to provide access to Nvidia's latest GB300 GPUs for cloud-based AI services The agreement includes a 20% prepayment from Microsoft and commits IREN to purchasing $5.8 billion in Nvidia GPUs and related equipment from Dell Technologies. The cutting-edge infrastructure will reside at IREN's Texas campus, eventually powering 200 megawatts of AI compute workloads. The partnership provides IREN with credibility and a steady revenue stream as it positions itself in the AI supply chain. Read Next: Top Stocks With Earnings This Week: Joby, IonQ, AMD and More Cipher's Dual Deals with Tech Titans Cipher announced a 15-year, $5.5 billion lease with Amazon.com Inc.'s (NASDAQ:AMZN) AWS to deliver 300 megawatts of turnkey AI infrastructure, positioning itself as a leader in the repurposing of crypto-mining assets for the booming demand in AI data centers. Cipher also recently signed a $3 billion, 10-year colocation deal with Fluidstack, including support and partial backing from Google. Google's involvement ensures $1.4 billion in guaranteed lease obligations and a 5.4% stake in Cipher, while the underlying facility in Texas is set to deliver scalable AI workloads through 2036. What's Next in the AI Arms Race? Industry watchers expect more partnerships and billion-dollar deals as hyperscalers race to lock in scarce GPU resources and megawatts of clean power. Other companies similar to IREN and Cipher Mining in the AI data center infrastructure space include Applied Digital Corp. (NASDAQ:APLD), Core Scientific, Inc. (NASDAQ:CORZ), Hut 8 Corp. (NASDAQ:HUT) and HIVE Digital Technologies Ltd. (NASDAQ:HIVE). Investors should monitor the sector as the market is primed for more headline-making contracts with independent data center operators as hyperscalers ramp up AI spending. Read Next: Trump's White House Ballroom Donors Include Google, Micron, Palantir and More Photo: Shutterstock CIFRCipher Mining Inc$22.0018.0%OverviewAMZNAmazon.com Inc$255.194.49%APLDApplied Digital Corp$33.62-3.02%CORZCore Scientific Inc$22.685.31%HIVEHIVE Digital Technologies Ltd$5.240.77%HUTHut 8 Corp$51.702.05%IRENIREN Ltd$66.759.88%MSFTMicrosoft Corp$518.820.20%Market News and Data brought to you by Benzinga APIs

Cipher Mining Stock Surges On $5.5 Billion Data Center Deal With Amazon Web Services - Cipher Mining (NASDAQ:CIFR)

Cipher Mining Inc (NASDAQ:CIFR) shares are trading higher on Monday after the company reported third-quarter results and announced it signed a 15-year lease agreement with Amazon Web Services. CIFR stock is showing exceptional strength. See the market dynamics here. What To Know: Cipher Mining reported third-quarter revenue of $71.71 million, missing analyst estimates of $78.6 million, according to Benzinga Pro. The company reported adjusted earnings of 10 cents per share, beating estimates for a loss of 2 cents per share. "The third quarter was truly transformative for Cipher. We executed a pivotal transaction with Fluidstack and Google, which firmly established our credibility in the HPC space. We are now following that transaction with another major step forward by signing our first direct lease with a Tier 1 hyperscaler," said Tyler Page, CEO of Cipher Mining. In connection with the company's third-quarter financial results, Cipher announced that it entered into a 15-year lease agreement valued at approximately $5.5 billion with Amazon.com Inc (NASDAQ:AMZN) Web Services (AWS) to support the company's AI workloads. Cipher said it will deliver 300 megawatts of capacity in 2026, including both air and liquid cooling to the racks. The capacity will be delivered in two phases, expected to begin in July and be completed in the fourth quarter of 2026. Cipher also announced a new joint entity with American Electric Power to develop a 1 gigawatt site in West Texas. The "Colchis" site will be majority financed by Cipher, which is expected to result in approximately 95% equity ownership in future leases. American Electric Power will construct the necessary dual interconnection facility for a targeted energization in 2028. Construction of the interconnection facility will proceed upon ERCOT's final review and approval. "As the industry evolves rapidly and validates our thesis that Tier 1 hyperscalers would turn to Cipher and to non-traditional areas in Texas, we're more confident than ever that Cipher is among the best-positioned companies in the world to seize additional opportunities created by the growing power shortfall," Page said. Cipher Mining executives are currently discussing Monday's business update on a conference call that started at 8 a.m. ET. CIFR Price Action: Cipher Mining shares were up 23.03% at $22.95 at the time of publication on Monday, according to Benzinga Pro. Read Next: IREN Skyrockets After Sealing $9.7 Billion AI Cloud Deal With Microsoft Image created using artificial intelligence via DALL-E. CIFRCipher Mining Inc$23.2224.5%OverviewAMZNAmazon.com Inc$256.174.89%Market News and Data brought to you by Benzinga APIs