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Cipher Digital
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Cipher develops and operates industrial-scale data centers engineered for next-generation computing.
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Cipher remains committed to the tremendous growth opportunities we see for data centers in Texas. We congratulate Governor-elect Hinojosa and we look forward to working with her administration to continue growing the data center economy in ways that are best for Texans.
This morning, Cipher released its Third Quarter 2026 Business Update. Highlights from the quarter included:
· Recognized first HPC lease revenue following rent commencement at Black Pearl
· Expanded the Barber Lake lease to a 20-year term, increasing total contracted revenue at the site to approximately $9.1 billion
· Received a conditional base load classification for 1 GW at Colchis through ERCOT’s Batch Zero process
· Commenced development of lateral pipelines to support up to 2.5 GW of on-site generation
“Cipher was built for this market, and this quarter we took important steps to strengthen our position for the long term,” said Tyler Page, CEO. “With growing demand for compute, deepening relationships with leading hyperscalers and AI labs, and earlier investment in every project to improve cost certainty, we are well positioned for our next phase of growth.”
More here: investors.cipherdigital.com/news-releases/…
· Recognized first HPC lease revenue following rent commencement at Black Pearl
· Expanded the Barber Lake lease to a 20-year term, increasing total contracted revenue at the site to approximately $9.1 billion
· Received a conditional base load classification for 1 GW at Colchis through ERCOT’s Batch Zero process
· Commenced development of lateral pipelines to support up to 2.5 GW of on-site generation
“Cipher was built for this market, and this quarter we took important steps to strengthen our position for the long term,” said Tyler Page, CEO. “With growing demand for compute, deepening relationships with leading hyperscalers and AI labs, and earlier investment in every project to improve cost certainty, we are well positioned for our next phase of growth.”
More here: investors.cipherdigital.com/news-releases/…
@CipherInc is thrilled to be attending the 2026 KBW Virtual AI Infrastructure Summit tomorrow, October 6th.
Cipher Digital’s CFO, @GregJMumford, will be hosting a Fireside Chat at 10am ET. The live webcast can be found here: event.summitcast.com/view/KjDkzM4uN…
The replay will also be available in the Events section of Cipher’s website.
Cipher Digital’s CFO, @GregJMumford, will be hosting a Fireside Chat at 10am ET. The live webcast can be found here: event.summitcast.com/view/KjDkzM4uN…
The replay will also be available in the Events section of Cipher’s website.
Cipher Digital Expands Barber Lake Lease Term to 20 Years, Increasing Revenue to Over $9 Billion
· Additional 10-year term adds ~$5.2 billion of contracted revenue at Barber Lake
· In connection with change orders and continued evolution of the tenant’s design, the lease amendment establishes a phased delivery schedule for the site, with individual data halls expected to be delivered between Q4 2026 and Q1 2027
· Cipher remains on track with the revised delivery schedule
“Extending Barber Lake’s contracted life reflects the enduring value of the infrastructure we're building,” said Tyler Page, CEO. “Barber Lake was designed as a long-lived, mission-critical asset, and securing a firm commitment that extends well beyond the original lease term demonstrates the long-term utility and strategic relevance of the campus, as well as the durability of demand for hyperscale computing capacity.”
Read the full press release here: investors.cipherdigital.com/news-releases/…
· Additional 10-year term adds ~$5.2 billion of contracted revenue at Barber Lake
· In connection with change orders and continued evolution of the tenant’s design, the lease amendment establishes a phased delivery schedule for the site, with individual data halls expected to be delivered between Q4 2026 and Q1 2027
· Cipher remains on track with the revised delivery schedule
“Extending Barber Lake’s contracted life reflects the enduring value of the infrastructure we're building,” said Tyler Page, CEO. “Barber Lake was designed as a long-lived, mission-critical asset, and securing a firm commitment that extends well beyond the original lease term demonstrates the long-term utility and strategic relevance of the campus, as well as the durability of demand for hyperscale computing capacity.”
Read the full press release here: investors.cipherdigital.com/news-releases/…
