On August 27, Cipher Mining Inc. rose 5.81% in regular trading, trading at $17.01/share, with turnover of approximately $85.63 million. The rally was driven by a landmark lease agreement with Amazon and positive spillover from NVIDIA's latest earnings report.
On the news front, Cipher Mining recently signed a 15-year lease agreement with Amazon totaling $6 billion, under which the company will provide 300 megawatts of AI computing capacity starting this year. Additionally, the two parties established a new joint venture to develop a 1-gigawatt campus named Colchis in West Texas, with Cipher holding a 95% equity stake. Separately, NVIDIA's latest quarterly results exceeded expectations and confirmed that Amazon will deploy an additional 2 million GPUs, further validating sustained demand for AI data centers and reinforcing the valuation thesis for mining companies transitioning into AI power infrastructure operators.
It is worth noting that Cipher's Q2 results reported earlier this month showed a loss of $0.65 per share versus consensus estimates of approximately $0.22, with revenue of $24.8 million declining 43% year-over-year. However, its first AI data center Black Pearl began delivering capacity and collecting rent ahead of schedule in early August, while cash reserves rose to $831.8 million, providing fundamental support for its transformation narrative.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)