Share this article
Cipher Mining Stock Gains 5% on Google AI Hosting Deal
Tech giant to secure equity stake through long-term partnership with Fluidstack.
Sep 25, 2025, 12:04 p.m.
What to know:
- Google secured 5.4% stake in Cipher Mining (CIFR) through a $3 billion AI hosting agreement.
- CIFR shares jumped as much as 20% on the news, but have retreated back to a 5% gain.
The artificial intelligence and high performance computing sector continues to boom, with Google set to acquire warrants to buy roughly 24 million shares of Cipher Mining (CIFR), equal to about 5.4% equity ownership, as part of a 10-year AI hosting deal with Fluidstack. The agreement underscores Google’s deeper push into AI infrastructure while boosting Cipher’s role in large scale computing services.
As part of the deal, Google will backstop $1.4 billion of Fluidstack’s lease obligations, helping support project-related debt financing. The contract is valued at about $3 billion over the initial term and could rise to $7 billion with two optional five-year extensions. Cipher is expected to deliver 168 megawatts of critical IT load at its Lake Barber site in Colorado City, Texas, by September 2026. Cipher will retain full ownership of the project, tapping capital markets to fund additional needs.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Cipher shares initially surged as much as 20% on the news, but were ahead 5% premarket at press time. The stock is up about seven-fold from the April bottom as bitcoin miners have shifted their business focus to high-performance computing and AI infrastructure.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Robinhood Stock Slides 8% After Big Decline in November Trading Volumes
Slumps across equity, options and crypto trading in November raised concerns that retail investor momentum may be fading.
What to know:
- Robinhood reported a sharp drop in trading volumes across equities, options and crypto in November.
- The company's total platform assets also fell 5% month-over-month to $325 billion.
- The slowdown in trading activity raised investor concerns that retail engagement may be fading heading into year-end.
Top Stories
