Cipher Digital Expands Barber Lake Contract to $9 Billion
The 10-year extension lifts the Fluidstack agreement to 20 years and adds planned capacity, while leaving Cipher with upfront cost exposure.
Cipher Digital agreed to extend its Fluidstack contract at Barber Lake by 10 years, adding US$5.2 billion in contracted value. The extension takes the deal’s total term to 20 years and contracted revenue to US$9 billion.
Planned capacity under the expanded agreement rises to 300 megawatts, with delivery set to happen in phases. The revised cost-sharing terms require Cipher to cover the first US$359.3 million in budget overruns before it can receive reimbursement.
The extension supports Cipher’s move toward long-term AI and high-performance computing infrastructure, according to Simply Wall St. The publisher’s analysis also flagged the company’s heavy capital needs and said it has less than one year of cash runway.
The first Barber Lake data halls are scheduled for staged delivery, with rent expected to start in the fourth quarter of 2026. That timing will determine when the agreement begins generating lease income against the project’s spending obligations, the article said.
This article was produced with the help of AI technology.
Source: Yahoo Finance
