Cipher Mining Signs $5.5 B 15‑year Lease with Amazon Web Services for AI HPC

Why It Matters

The agreement positions crypto‑mining firms as critical power and HPC providers for AI workloads, diversifying their revenue streams and addressing the growing compute‑and‑energy demand of cloud giants, which could reshape the data‑center and energy‑supply landscape.

Deal Summary

Cipher Mining announced a $5.5 billion, 15‑year lease with Amazon Web Services to provide 300 MW of AI computing capacity by late 2026, marking the miner’s push into AI infrastructure. The agreement includes a phased rollout starting July and positions Cipher as a key provider of high‑performance computing for hyperscalers.