Cipher Mining Inc. reported third quarter 2025 revenue of $72 million and non-GAAP adjusted earnings of $41 million, marking a transformative quarter. The company executed a 15-year data center lease with Amazon Web Services to support AI workloads and secured majority ownership in a joint venture to develop a 1-gigawatt site in West Texas.

The 15-year lease agreement with Amazon Web Services is valued at approximately $5.5 billion and will deliver 300 MW of capacity in 2026 for AI workloads. Cipher also formed a joint entity to develop a 1-gigawatt site named “Colchis” in West Texas, with a Direct Connect Agreement with American Electric Power.

Cipher’s CEO, Tyler Page, highlighted the company’s aggressive strategy to position itself ahead of the curve in the industry. With a pipeline of 3.2 GW of site capacity, Cipher is well-positioned to capitalize on opportunities in the rapidly evolving data center market, especially in Texas.

The company’s financial highlights include a net loss of $3 million in Q3 2025, with adjusted earnings of $41 million. Cipher also executed a $1.3 billion convertible note offering and secured approximately 95% ownership in the joint venture for the 1-gigawatt site in West Texas.

Investors and stakeholders can access a business update call and webcast on Cipher’s investor relations section of the website. The company’s focus on industrial-scale data centers for bitcoin mining and HPC hosting positions it as a market leader in innovation and strategic partnerships.

Read more at GlobeNewswire: Cipher Mining Provides Third Quarter 2025 Business Update