Cipher Mining Q3 revenue $72M, signs $5.5B lease with AWS, JV for 1-GW Texas site

Cipher Digital Inc.

Revenue $72M, Non-GAAP adjusted earnings $41M ($0.10 diluted per share).
15-year, ~$5.5B lease with AWS for 300 MW turnkey AI capacity, deliveries start July 2026.
Formed JV to develop 1-GW West Texas site "Colchis" with ~95% equity; AEP interconnection, target energization 2028.
Total AI hosting contracts represent ~$8.5B in lease payments; pipeline 3.2 GW.
Completed $1.3B convertible note offering; Q3 net loss $3M ($0.01/share).

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