Cipher extends Barber Lake lease to 20 years and over $9 billion
Cipher Digital ($CIFR) extended the Barber Lake data-center lease from ten to twenty years, increasing expected contracted revenue from $3.8 billion to more than $9 billion. The additional term adds approximately $5.2 billion and combines an amended Fluidstack lease with a binding commitment from a leading AI laboratory for the second ten-year period. The company expects phased delivery of the facility from the fourth quarter of 2026 through the first quarter of 2027, with rent beginning when th
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