This morning, $CIFR released its Second Quarter 2026 Business Update, marking a quarter of accelerated delivery, pipeline growth, and continued capital markets execution. Highlights from the quarter included:
- Delivered first data center capacity at Black Pearl two months ahead of schedule, with rent commenced
- Acquired an option for a new site called Apollo, up to 900 MW, located near San Antonio, Texas
- Secured full funding for Stingray, our third data center development, through an $810 million bond offering
- Achieved key construction milestones across Barber Lake, Black Pearl, and Stingray
"The accelerated delivery at Black Pearl, together with everything else we accomplished this quarter, proves we can execute at scale, with speed, and without compromise," said Tyler Page, CEO.
More here: https://t.co/hY6tHmfHUS
#HPC #AI #DataCenters #BuiltforHyperscale
As the data center industry continues to evolve, the ability to work well with grid operators, utilities and regulators is going to be a key differentiator for those who successfully scale. We are excited to have Bill join our team, and Cipher continues to accelerate.
$CIFR
Cipher Digital Provides First Quarter 2026 Business Update
- Development Timeline on Track at Barber Lake and Black Pearl Data Centers
- Signed Third AI Data Center Campus Lease with Investment-Grade Hyperscale Tenant
- Secured $200 Million Revolving Credit Facility Supported by a Syndicate of Leading Global Financial Institutions
Read the full press release here: https://t.co/W86oMiMVSs
Cipher is pleased to announce the following business updates:
- Execution of a new 15-year data center campus lease with Hyperscale tenant
- Closing of $200m revolving credit facility, supported by leading global financial institutions
Read the full press release here: https://t.co/6EIBlm1OBj
This morning, Cipher released its Q4 and FY’25 business update and announced an official rebrand to Cipher Digital, reflecting $CIFR's strategic transition into a leading HPC data center development platform.
The Company also announced the following updates:
- Barber Lake and Black Pearl developments remain on schedule and on budget
- Divested 49% interests in the Alborz, Bear, and Chief JV sites and select mining equipment for ~$40 million in an all-stock transaction
- Reported Q4 2025 revenue of $60 million
“Building on a transformative 2025, the fourth quarter reflected continued momentum as we advanced our evolution into a leading HPC data center development company,” said Tyler Page, CEO. “With financing fully secured and construction on track for both of our currently contracted developments, 2026 is a year of execution as we establish Cipher Digital as a premier platform powering next-generation compute.”
More here: https://t.co/mDgkNyTAVO
The market needs to learn how to differentiate among the teams building data centers. We are on schedule at Barber Lake and our confidence is unwavering.
$CIFR
Structural concrete and steel erection are underway at Barber Lake, just 8 weeks after lease execution. Another example of $CIFR's best-in-class team delivering quality execution at scale, with speed.
Cipher Mining Signs Additional 56 MW, 10-Year AI Hosting Agreement with Fluidstack
In this transaction, Cipher will deliver 39 MW of Critical IT Load to Fluidstack at its Barber Lake site, securing ~$830M in contracted revenue over the initial 10-year term.
The agreement also includes two 5-year extension options. If exercised, these extension options would bring the total contracted revenue to ~$2.0 billion for this transaction and ~$9.0 billion in total for the entire lease.
With these newly contracted megawatts, Fluidstack is increasing the size of its original transaction and leasing the entire 300 MW of capacity at $CIFR's Barber Lake site.
To support the buildout, @Google will backstop an additional $333M of @fluidstack's lease obligations.
“We’re excited to expand our partnerships with Fluidstack and Google as we develop the remaining current capacity at our Barber Lake site,” said Tyler Page, Cipher’s CEO. “This third transaction further validates Cipher’s position as a leader in HPC development and underscores the strong momentum that will continue to drive growth across our pipeline of sites.”
Full Press Release here: https://t.co/PqoqKufber
Yesterday on @CNBC, our CEO @rftylerpage shared how Cipher is powering AI infrastructure with our two milestone HPC transactions and growing pipeline of capacity.
Check it out: https://t.co/kHZ8YbGAdO
$CIFR #AI#HPC#DataCenters#Innovation
Cipher will host its Q3 2025 earnings call on Monday, November 3rd at 8:00 AM ET. We look forward to providing a business update and releasing our third quarter results.
The live webcast and a webcast replay can be accessed from the investor relations section of $CIFR's website at: https://t.co/Hu3N5q2B3b