Finance
Behold, the Tale of Digital Sorcery and Monetary Enchantment:
- Cipher Mining, in a stroke of audacious wizardry, hath inked a $5.5 billion, 15-year pact with AWS, promising 300 MW of AI sorcery by the year’s end. 🧙♂️✨
- Crypto miners, once humble diggers of digital gold, now metamorphose into purveyors of AI infrastructure, as the world’s thirst for power and computation knows no bounds. 🔮
- CIFR, emboldened by this news, leaps 19%, joining the ranks of IREN, whose own $9.7 billion tryst with MicroSoft hath sent it soaring 21%. 📈💸
Ah, the whims of fortune! Cipher Mining (CIFR), on a Monday most mundane, sprang forth like a jack-in-the-box, surging 19% upon signing a $5.5 billion lease with Amazon Web Services (AWS). Lo, how the winds of AI infrastructure doth blow, and Cipher, ever the opportunist, doth ride them with gusto! 🌪️💼
This 15-year covenant, a testament to ambition, shall see Cipher deliver 300 megawatts of power to AWS by late 2026, with the first phase commencing in July. Air-cooled and liquid-cooled racks, the very lifeblood of high-performance computing, shall grace these facilities, for AI models demand naught but the finest. 🌡️💦
But hark! Cipher’s ambitions know no bounds. A new joint venture, a 1 gigawatt site in West Texas dubbed “Colchis,” hath fallen under its dominion. Nestled on 620 acres near an American Electric Power substation, this behemoth shall rise by 2028, a monument to human ingenuity and greed. 🏗️⚡
Verily, the crypto miners of yore are no more. Transformed by the alchemy of necessity, they now serve the titans of tech, whose AI dreams require power and infrastructure beyond measure. Bitcoin miners, once scorned, now hold the keys to the kingdom, their energy contracts and computing prowess in high demand. 🗝️🤝
And lo, IREN (IREN), another phoenix risen from the ashes of crypto, hath secured a $9.7 billion deal with Microsoft, sending its stock soaring 20%. The age of AI hath dawned, and the miners, once humble, now reign supreme. 🦅🔥
Cipher’s Coffers Overfloweth
Cipher, in its quarterly revelry, reported $72 million in Q3 revenue and adjusted earnings of $41 million. With the AWS lease and a prior $3 billion deal with Fluidstack and Google, its AI-hosting contracts now total $8.5 billion. A pipeline of 3.2 gigawatts doth beckon, a testament to its boundless ambition. 💰🚀
“As the industry evolves with the speed of a runaway carriage, our thesis is vindicated,” proclaimed CEO Tyler Page, with a flourish worthy of a Shakespearean bard. “In Texas, where the winds of change blow strongest, Cipher stands ready to seize the opportunities born of power’s scarcity.” 🧐🌪️
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2025-11-03 16:59