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.
The path is clear $iren & $cifr will melt faces, yes I’m down 60k but my
conviction hasn’t changed.. know what you own and don’t let the institutions take what’s yours .. 😎
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
woah
first thing Jensen says on the call:
“There’s been a lot of talk about the AI bubble, here’s what we are seeing at Nvidia.”
completely addresses the bubble concerns head first and then proceeds to challenge the narrative by explaining Nvidia’s growth