Cipher Mining's mining momentum meets rising competition from Circle Internet Group as both chase growth in a crypto market expanding at a rapid pace.
Cipher Mining's expanding Bitcoin portfolio, lifted by Black Pearl's full launch and rising hash rates, fuels its strong Q3 momentum.
Cipher holds $8.5B in binding AWS and Google/Fluidstack contracts, exceeding its ~$6B enterprise value and signaling major mispricing. Nvidia's earnings confirmed explosive AI data center demand, shifting value toward neoclouds that can energize power faster than hyperscalers. Black Pearl's existing 150 MW infrastructure accelerates AWS monetization to mid-2026, pulling CIFR's earnings curve forward by 12–18 months.
The data center operator announces an $830 million expansion to its computing colocation agreement with Fluidstack.
CIFR's 209% YTD rally and major HPC deals stand out, but rising costs and valuation concerns remain a headwind.
Artificial intelligence (AI) is advancing rapidly, but it faces significant constraints in power availability and physical space for data centers.
CIFR's third-quarter earnings top estimates with a narrower loss and surging revenues, yet shares dip despite solid Bitcoin output and AWS deals.
Cipher Mining (NASDAQ: CIFR) reported Q3 2025 results before the open on Monday, and the headline numbers told two conflicting stories.
Cipher Mining Inc. ( CIFR ) Q3 2025 Earnings Call November 3, 2025 8:00 AM EST Company Participants Courtney Knight - Head of Investor Relations Rodney Page - CEO & Director Greg Mumford - Chief Financial Officer Conference Call Participants Paul Golding - Macquarie Research Gregory Lewis - BTIG, LLC, Research Division Andrew Beale - Arete Research Services LLP Michael Donovan - Compass Point Research & Trading, LLC, Research Division Michael Colonnese - H.C. Wainwright & Co, LLC, Research Division Joseph Vafi - Canaccord Genuity Corp., Research Division John Todaro - Needham & Company, LLC, Research Division Presentation Operator Good day, and welcome to the Cipher Mining Third Quarter 2025 Business Update Conference Call.
Cipher Mining Inc (NASDAQ: CIFR) on Monday announced that it has signed a 15-year lease agreement with Amazon Web Services (AWS), valued at about $5.5 billion, to provide turnkey space and power for AI workloads. Cipher Mining said under the terms of the deal it will deliver 300 megawatts (MW) of capacity in 2026, including both air and liquid cooling to the racks.
Crypto mining stock Cipher Mining Inc (NASDAQ:CIFR) is up 33% at $24.82, despite missing third-quarter earnings and revenue estimates, on news of a $5.5 billion, 15-year lease agreement with Amazon.com (AMZN).
CIFR eyes a 213% revenue surge in Q3 as its Black Pearl site boosts production and efficiency ahead of earnings.