Mentioned:
Amazon Web Services is deepening their commitment to physical infrastructure to power artificial intelligence. Which is exactly why they’re doing a new multi billion dollar deal with Cipher Mining.
What’s happening:
- Cipher Mining (NASDAQ: CIFR) has struck a new $5.5B USD deal with Amazon Web Services for high performance computing and artificial intelligence workloads
By the numbers:
- The new deal between Amazon Web Services and Cipher Mining is structured as a lease that spans over 15 years
- Cipher Mining will deliver 300 megawatts of capacity to Amazon Web Services as part of the deal
Why it matters:
- The new deal with Amazon Web Services is the single largest deal that Cipher Mining has ever done for high performance computing
Going deeper:
- Cipher Mining previously made waves when they cut a multi billion dollar deal with Fluidstack for artificial intelligence workloads that was backstopped by Google (NASDAQ: GOOG) at Cipher Mining’s Barber Lake data centre located in Texas
The intrigue:
- Cipher Mining has also just recently publicly stated they have formed a new joint entity to develop a 1 gigawatt data centre in West Texas that they will retain provide the capital for and retain a 95% ownership in
