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Cipher Mining rockets 34% after $5.5B data center deal with Amazon

Cointelegraph•Tuesday, November 4, 2025 at 1:36:12 AM
PositiveCryptocurrency
Cipher Mining rockets 34% after $5.5B data center deal with Amazon
Cipher Mining's stock surged by 34% following a significant $5.5 billion data center deal with Amazon, marking a pivotal moment for the company. This partnership not only boosts Cipher Mining's operational capabilities but also highlights the growing demand for data infrastructure in the cryptocurrency sector. Additionally, fellow miner IREN secured a $9.7 billion contract with Microsoft for GPU cloud services, indicating a robust trend in the industry towards cloud-based solutions. These developments are crucial as they reflect the increasing integration of traditional tech giants with cryptocurrency operations, potentially reshaping the landscape of digital mining.
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