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Bitcoin miner Cipher secures $3B Google-backed AI hosting deal
Invezz· 2025-09-25 16:22
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]
谷歌将获得购买加密矿企Cipher Mining部分股份的权利
Ge Long Hui· 2025-09-25 15:42
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]
Google Dives Deeper Into Bitcoin Mining by Backstopping AI Hosting Deal
Yahoo Finance· 2025-09-25 15:11
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]
Google Buys In As This Bitcoin Miner Lands $3 Billion HPC Deal
Investors· 2025-09-25 20:32
Group 1 - Cipher Mining announced a 10-year high-performance computing colocation agreement with Fluidstack, which includes delivering 168 megawatts (MW) of IT and data computing capacity [1] - Google will support the build-out of this agreement in exchange for a stake in Cipher Mining [1] - The news comes amid a broader market trend where many hot stocks are experiencing a decline [1] Group 2 - Google is making significant changes in the digital payments and cryptocurrency sectors, leveraging AI technology [2] - The impact of AI on various industries, including cryptocurrency and digital payments, is becoming increasingly prominent [4] - Analysts are optimistic about the demand for Bitcoin miners due to the rising interest in AI infrastructure [4]
Cipher Mining Announces Proposed Private Offering of $800 Million of 0.00% Convertible Senior Notes
Globenewswire· 2025-09-25 10:58
NEW YORK, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”), a leading developer and operator of industrial-scale data centers, today announced its intention to offer, subject to market and other conditions, $800 million aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 ...
Cipher Mining Signs 168 MW, 10-Year AI Hosting Agreement with Fluidstack
Globenewswire· 2025-09-25 10:19
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 ...
The Bitcoin Mining Stock That's Too Dependent on One Thing
Yahoo Finance· 2025-09-25 09:39
Key Points Bitcoin mining stocks and treasury companies often hold significant amounts of the cryptocurrency. This leaves them exposed if the price crashes. 10 stocks we like better than Strategy › The traditional way to invest in Bitcoin (CRYPTO: BTC) is to buy it directly, either through a crypto exchange or a stockbroker that offers it. An increasingly popular alternative is to invest in companies that hold Bitcoin, such as Bitcoin mining companies or Bitcoin treasury companies. Strategy (NASDAQ ...
Cipher Mining (CIFR) Climbs to Fresh High on AI Boom
Yahoo Finance· 2025-09-23 18:14
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. ...
Cipher Mining Stock Gains Despite $33 Million Insider Sale
Yahoo Finance· 2025-09-23 15:29
Core Viewpoint - Cipher Mining Inc. shares increased despite a significant insider sale of 2.7 million shares valued at $33.3 million by V3 Holding Ltd, indicating strong market confidence in the company's long-term growth potential [1][5][6]. Shareholder Transactions - V3 Holding Ltd sold 2.7 million shares of Cipher Mining in multiple transactions between September 18 and 22, 2025, with the largest block of 900,000 shares sold at a weighted average price of $11.79 on September 18 [1][2][3]. - The subsequent sales included 849,199 shares at $12.35, 50,801 shares at $12.75, and additional disposals on September 22 totaling 697,769 shares at $12.59, 192,269 shares at $13.71, and 9,962 shares at $14.15 [2][3]. Ownership Structure - The ownership structure involves multiple entities including Bitfury Holding, Bitfury Top HoldCo, V3 Holding, Bitfury Group, and Valerijs Vavilovs, with each entity disclaiming beneficial ownership beyond their direct economic interest [4]. Analyst Insights - Analyst Joseph Vafi from Canaccord Genuity maintained a Buy rating on Cipher Mining and raised the price target from $9 to $12, citing the company's expanding artificial intelligence hosting initiatives as key growth drivers [5]. Market Reaction - Despite the insider sales, Cipher Mining's stock price rose by 2.57% to $14.32, reflecting investor confidence in the company's growth trajectory [6].
Why Investors Were Digging in to Cipher Mining Stock This Week
The Motley Fool· 2025-09-19 03:13
Group 1 - Cipher Mining's stock has risen over 9% week to date, driven by a healthy increase in Bitcoin and positive analyst notes [1] - Bitcoin has been on the rise in September following a slump in August, with the Federal Reserve's recent rate cut acting as a catalyst [2] - Analyst Michael Donovan initiated coverage of Cipher Mining with a buy rating and a price target of $8 per share [4] Group 2 - Canaccord Genuity's Joseph Vafi raised his price target for Cipher Mining from $9 to $13 while maintaining a buy recommendation [4] - Vafi values Cipher Mining using a sum-of-the-parts method, highlighting the Barber Lake facility as a highly profitable asset due to its efficiency and low power costs [5] - Cipher Mining holds 1,063 Bitcoin and has valuable holdings at its Black Pearl site, contributing to its overall valuation [5] Group 3 - Cipher Mining reported a surprise net profit of $0.08 per share in its second-quarter earnings, despite a revenue miss of $43.6 million compared to the consensus estimate of $50.6 million [6]