Cipher Mining knack $5.5B AWS AI Hosting Deal, Shares Jump 32%

Cipher Mining don secure 15-year, $5.5 billion AWS AI hosting lease wey go provide 300 megawatts turnkey data center space and power for AI workloads. Di contract dey split into two phases wey go start July and August 2026, na di bitcoin miner first direct deal wit Tier 1 hyperscaler and e support di strategy shift go HPC hosting. For Q3, di company reduce dia net loss to $3 million from $46 million wey dem get last year and report $41 million adjusted EBITDA. After e announce di AWS AI hosting, Cipher Mining shares jump 32%, dem peak $24.80 before e settle at $22.76. Dis new AWS AI hosting deal na build on top previous $3 billion partnership wit Fluidstack and Google, wey get 5.4% stake, plus 95% equity share for Colchis 1 GW project for West Texas. As bitcoin mining rewards dey drop after April 2024 halving, miners like Cipher and IREN—wey dey wit $9.7 billion GPU cloud contract wit Microsoft—dey diversify into AI and high-performance computing to balance long-term revenue.