.@Google is diving deeper into the Bitcoin mining world after backing a deal that gives the tech giant a more than 5% stake in Nasdaq-listed miner Cipher. https://t.co/gc6RPuiMBW ...

Core Insights - Cipher Mining Inc has entered into a significant $3 billion artificial intelligence hosting agreement with Fluidstack, marking a major development in the AI hosting sector [1] - The agreement spans a duration of 10 years and includes financial support from Google, indicating strong backing and confidence in the partnership [1] Company Summary - Cipher Mining Inc is positioning itself as a key player in the AI hosting market through this landmark agreement, which could enhance its operational capabilities and market presence [1] - The collaboration with Fluidstack and financial backing from Google may provide Cipher Mining with a competitive edge in attracting clients and scaling its services [1] Industry Summary - The AI hosting industry is witnessing significant investments and partnerships, as companies seek to leverage advanced technologies for enhanced performance and efficiency [1] - The involvement of major tech players like Google in AI hosting agreements underscores the growing importance and potential of this sector in the broader technology landscape [1]

Cipher Mining (NASDAQ: CIFR) announced a landmark 10-year colocation agreement with AI cloud platform Fluidstack worth roughly $3 billion in contracted revenue. The agreement will see Cipher deliver 168 megawatts (MW) of critical IT load at its Barber Lake site in Colorado City, Texas by September 2026, with capacity expandable up to 500 MW. Including two optional five-year extensions, the deal could generate up to $7 billion in total revenue. Cipher said the project will operate at an estimated 80% to 85 ...

Group 1 - Google has taken a 5.4% equity stake in Cipher Mining, enhancing its investment in AI infrastructure [1] - Cipher Mining is recognized as one of the largest publicly traded Bitcoin mining companies [1]

Group 1 - Alphabet's Google has secured the right to purchase a 5.4% stake in cryptocurrency mining company Cipher Mining Inc. as part of a multi-year data center agreement with AI startup Fluidstack [1] - Google has agreed to guarantee $1.4 billion in debt for Fluidstack under the contract signed with Cipher [1] - Fluidstack has entered into an initial 10-year agreement with Cipher to lease its computing power, which is expected to generate approximately $3 billion in revenue [1] Group 2 - This transaction marks the second deal between Google and Fluidstack in the past two months, highlighting the strong demand for computing resources to support artificial intelligence services [1]

Group 1 - Google is increasing its involvement in the Bitcoin mining sector by acquiring a more than 5% stake in Nasdaq-listed miner Cipher through a deal that includes a 10-year high-performance computing colocation agreement with Fluidstack [1][2] - The agreement will enable Cipher to deliver 168 MW of critical IT load, supported by a maximum of 244 MW of gross capacity at its Barber Lake site in Texas [1] - Google will backstop $1.4 billion of Fluidstack's lease obligations, which will facilitate project-related debt financing, and in return, Google will receive warrants to acquire approximately 24 million shares of Cipher common stock, equating to a 5.4% pro forma equity ownership stake [2] Group 2 - Cipher's CEO expressed enthusiasm about collaborating with Fluidstack and welcomed Google as an investor, highlighting the transformative nature of the transaction for their high-performance computing (HPC) momentum [2][3] - The Bitcoin mining industry is increasingly linked with HPC data centers due to the high energy demands of both sectors, prompting some miners to adapt their infrastructure to meet AI demands when Bitcoin prices decline [4] - Last month, Google also provided a $1.4 billion backstop to Bitcoin miner TeraWulf, raising its total stake to $3.2 billion, which included warrants for 32.5 million shares of the company [5]

Core Viewpoint - Cipher Mining Inc. plans to offer $800 million in convertible senior notes due 2031, with an option for an additional $120 million, to fund data center construction and other corporate purposes [1][5]. Offering Details - The notes will be 0.00% convertible senior notes, maturing on October 1, 2031, and will not bear regular interest [1][2]. - The notes will be convertible under specific conditions before July 1, 2031, and at any time thereafter until maturity [2]. - Cipher will have the option to redeem the notes starting October 5, 2028, if certain stock price conditions are met [3]. Repurchase Conditions - In the event of a "fundamental change," noteholders may require Cipher to repurchase their notes for cash at the principal amount plus any accrued interest [4]. Use of Proceeds - A portion of the net proceeds will fund capped call transactions, data center construction at Barber Lake, and the acceleration of the high-performance computing strategy [5]. Capped Call Transactions - Cipher expects to enter into capped call transactions to reduce potential dilution from the notes and offset cash payments upon conversion [6][7]. - The capped call transactions will cover shares of Cipher's common stock and are subject to anti-dilution adjustments [7]. Market Impact - The establishment of hedges related to the capped call transactions may influence the market price of Cipher's common stock and the notes [8][9]. Company Overview - Cipher focuses on developing and operating industrial-scale data centers for bitcoin mining and high-performance computing hosting, aiming to lead in innovation within the industry [12].

Transaction Secures ~$3 Billion in Contracted Revenue over 10-Year Term Expected Delivery of 168 MW of Critical IT Load by September of 2026 Google Backstops $1.4 Billion of Fluidstack’s Obligations and Receives ~5.4% Equity Stake in Cipher Establishes Cipher, with its ~2.4 GW Pipeline, as a Major AI Data Center Developer NEW YORK, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”), a leading owner, developer and operator of industrial-scale data centers, today a ...

Core Insights - The traditional method of investing in Bitcoin involves direct purchase, while an alternative is investing in companies that hold Bitcoin, such as mining and treasury companies [1] - Some companies have outperformed Bitcoin itself, with Strategy gaining 1,650% over three years compared to Bitcoin's 522% return [2] - Companies heavily reliant on Bitcoin face significant risks if its price declines, which can lead to substantial losses [3] Company Analysis - Strategy holds 639,835 BTC valued at approximately $72 billion, constituting nearly 75% of its market cap of $98 billion [4] - MARA Holdings, a Bitcoin mining company, has 52,477 BTC worth about $6 billion, with a market cap of $7 billion [4] - Cipher Mining adopts a different strategy by regularly selling Bitcoin, holding 1,414 BTC valued at around $159 million, and has a market cap of $5 billion [5][6] Investment Considerations - Potential investors should evaluate the volatility associated with companies that have significant Bitcoin holdings, as they are more susceptible to price fluctuations [8] - Analysts have identified other stocks that may offer better investment opportunities compared to Strategy [7][8]

We recently published 10 Stocks Stealing Wall Street’s Spotlight. Cipher Mining Inc. (NASDAQ:CIFR) is one of the top performers on Monday. Shares of Cipher Mining Inc. (NASDAQ:CIFR) rallied for a second day on Monday to hit a new all-time high, as strong optimism for the broader artificial intelligence sector spilled over to its stock. During the session, Cipher Mining Inc. (NASDAQ:CIFR) jumped to its new 52-week high of $14.19 before paring gains to end the day just up by 13.68 percent at $13.96 apiece. ...