{"id":48620,"date":"2025-11-03T12:42:59","date_gmt":"2025-11-03T17:42:59","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=48620"},"modified":"2025-11-03T12:43:04","modified_gmt":"2025-11-03T17:43:04","slug":"iren-cipher-cifr-mining-stock-soar","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/iren-cipher-cifr-mining-stock-soar","title":{"rendered":"IREN, Cipher Mining (CIFR) Strike Multi-Billion AI Cloud Deals with Microsoft and Amazon"},"content":{"rendered":"
<\/div>\n

IREN Limited (NASDAQ: IREN) and Cipher Mining Inc. (NASDAQ:CIFR), Bitcoin miners pivoting to AI infrastructure providers, are making some hefty business moves today, and their stocks have been reflecting it.<\/p>\n\n\n\n

IREN signed<\/a> a five-year, $9.7 billion agreement with Microsoft for GPU cloud computing services. The deal gives Microsoft access to NVIDIA GB300 GPUs managed by IREN at its Childress, Texas campus, with a phased deployment of GPU capacity throughout 2026. <\/p>\n\n\n\n

The contract includes a 20% prepayment and positions IREN as a key hyperscaler partner for the first time. <\/p>\n\n\n\n

Four new liquid-cooled data centers, Horizon 1 through Horizon 4, will support 200 megawatts of critical IT load, while a separate $5.8 billion agreement with Dell Technologies covers the purchase of GPUs, servers, and associated infrastructure. <\/p>\n\n\n\n

CEO Daniel Roberts said the partnership could generate roughly $1.94 billion in annualized revenue once fully deployed. Following the announcement, IREN shares jumped more than 28% in pre-market trading. <\/p>\n\n\n\n

The stock is now up 8% in intraday trading. IREN, which has seen its Nasdaq stock surge over 500% this year, joins other AI-focused \u201cneocloud\u201d providers, many of which originated in cryptocurrency mining.<\/p>\n\n\n\n

Cipher Mining\u2019s deal with Amazon<\/h2>\n\n\n\n

Meanwhile, Cipher Mining secured<\/a> a $5.5 billion, 15-year lease agreement with Amazon Web Services (NASDAQ: AMZN) to provide turnkey space and power for AI workloads.<\/p>\n\n\n\n

Cipher will deliver 300 megawatts of capacity in 2026 through air- and liquid-cooled facilities in two phases, with rent starting in August 2026. Additionally, the company announced a joint venture to develop a 1-gigawatt site named \u201cColchis\u201d in West Texas, in which it will hold roughly 95% equity. <\/p>\n\n\n\n

Combined with prior deals with Fluidstack and Google, Cipher\u2019s AI hosting contracts now represent approximately $8.5 billion in lease payments. <\/p>\n\n\n\n

Cipher shares rose 15% in pre-market trading following the news. The stock is now up 14% in intraday trading. <\/p>\n\n\n\n

Bitcoin mining success with an AI twist<\/h2>\n\n\n\n

Bitcoin mining and crypto infrastructure stocks have seen a big rally over the past six months, and IREN Limited is a standout example. <\/p>\n\n\n\n

Investors have rewarded<\/a> companies that can combine traditional bitcoin mining with scalable, revenue-generating AI or data-center services. <\/p>\n\n\n\n

In IREN\u2019s case, the stock\u2019s recent surge comes after a major GPU expansion and analyst upgrades, and now this new Microsoft news is helping boost the price. <\/p>\n\n\n\n

This reflects a wider market appetite<\/a> for miners that offer optionality: steady bitcoin cash flows to fund new ventures, while also positioning for high-growth technology trends.<\/p>\n\n\n\n

In essence, the past half-year has favored bitcoin-mining firms that can monetize excess power, land, and data-center capacity beyond mining.<\/p>\n\n\n\n

The rally is less about bitcoin prices alone and more about miners evolving into hybrid tech infrastructure operators with diversified revenue streams.<\/p>\n","protected":false},"excerpt":{"rendered":"

IREN Limited (NASDAQ: IREN) and Cipher Mining Inc. (NASDAQ: CIFR) made major moves with Microsoft and Amazon, signaling their shift from Bitcoin mining to AI infrastructure.<\/p>\n","protected":false},"author":3817,"featured_media":48621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[437,86,97,5999],"class_list":{"0":"post-48620","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin-miners","9":"tag-miners","10":"tag-mining","11":"tag-stock"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/IREN-Cipher-CIFR-Mining-Strike-Multi-Billion-AI-Cloud-Deals-with-Microsoft-and-Amazon.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=48620"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/48621"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=48620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=48620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=48620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}