Cipher Mining’s stock jumped by 19% after announcing a $5.5 billion, 15-year data center lease deal with AWS for AI workloads

Cipher Mining’s stock climbed up over 19% in early trading after the Bitcoin miner announced a $5.5 billion lease agreement with Amazon Web Services (AWS), extending the rally that has made the Nasdaq-listed company one of the biggest beneficiaries of Wall Street’s growing appetite for AI-linked exposure. The deal, which rewards Cipher Mining’s pivot into high-performance computing and artificial-intelligence infrastructure, is a 15-year lease agreement and will see the company provide data center space and power capacity for AWS for its artificial-intelligence workloads. Under the deal, Cipher will deliver 300 megawatts of capacity and also comes with both air- and...