Cipher Mining (CIFR) announces a 10-year high-performance computing colocation agreement with Fluidstack. Under the agreement, Cipher will deliver an additional 39 MW of critical IT load, supported by a maximum of 56 MW of additional gross capacity, at its Barber Lake site in Colorado City, Texas. With these newly contracted megawatts, Fluidstack will increase the size of its original transaction and will lease the entire 300 MW of capacity at Cipher’s Barber Lake site. The agreement represents approximately $830 million in contracted revenue over the initial 10-year term and includes two five-year extension options. If exercised, these extension options would bring the total contracted revenue for this transaction to approximately $2.0 billion and approximately $9.0 billion in total for the entire lease.
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