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Cipher Mining Shares Surge 23% Despite Revenue Miss

11/3/2025

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Summary

Story summary

Cipher Mining Inc (NASDAQ:CIFR) shares increased by 23.03% to $22.95 on Monday after reporting third-quarter results and a 15-year lease agreement with Amazon Web Services worth approximately $5.5 billion.
The company reported third-quarter revenue of $71.71 million, falling short of analyst expectations of $78.6 million, but adjusted earnings of 10 cents per share surpassed the anticipated loss of 2 cents.
CEO Tyler Page described the quarter as transformative, referencing a key transaction with Fluidstack and Google.
Cipher Mining also announced a joint venture with American Electric Power to develop a 1 gigawatt site in West Texas, aiming for energization in 2028.

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Story summary

Cipher Mining Inc (NASDAQ:CIFR) shares increased by 23.03% to $22.95 on Monday after reporting third-quarter results and a 15-year lease agreement with Amazon Web Services worth approximately $5.5 billion.
The company reported third-quarter revenue of $71.71 million, falling short of analyst expectations of $78.6 million, but adjusted earnings of 10 cents per share surpassed the anticipated loss of 2 cents.
CEO Tyler Page described the quarter as transformative, referencing a key transaction with Fluidstack and Google.
Cipher Mining also announced a joint venture with American Electric Power to develop a 1 gigawatt site in West Texas, aiming for energization in 2028.