10:04 AM EST, 11/03/2025 (MT Newswires) -- (Updates with Cipher's stock move and lease agreement with Amazon Web Services in the headline and first paragraph, and additional agreement details in the sixth paragraph.)

Cipher Mining ( CIFR ) shares were up over 31% in early Monday trading after the company posted Q3 profit and higher revenue, while announcing a $5.5 billion, 15-year lease agreement with Amazon's ( AMZN ) Amazon Web Services.

The company earlier reported Q3 adjusted earnings of $0.10 per diluted share, swinging from a loss of $0.01 a year earlier.

Three analysts surveyed by FactSet expected earnings of $0.11.

Revenue for the quarter ended Sept. 30 was $71.7 million, up from $24.1 million a year earlier.

Analysts polled by FactSet expected $77.8 million.

Under the agreement, Cipher will provide turnkey space and power for artificial intelligence workloads. It will deliver 300 megawatts of capacity in 2026, with deployment beginning in July and rent starting in August.

Price: 24.48, Change: +5.83, Percent Change: +31.26