{"id":1016032,"date":"2026-11-02T08:32:51","date_gmt":"2026-11-02T13:32:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cipher-digital-provides-third-quarter-2026-business-update\/"},"modified":"2026-11-02T08:32:51","modified_gmt":"2026-11-02T13:32:51","slug":"cipher-digital-provides-third-quarter-2026-business-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cipher-digital-provides-third-quarter-2026-business-update\/","title":{"rendered":"Cipher Digital Provides Third Quarter 2026 Business Update"},"content":{"rendered":"
\n

\n Recognized First HPC Lease Revenue\u00a0<\/em>\n <\/p>\n

\n Expanded Barber Lake Lease Term to 20 Years, Increasing Contracted Revenue to $9.1 Billion<\/em>\n <\/p>\n

\n Received Conditional Base Load Classification for Colchis (1 GW)<\/em>\n <\/p>\n

\n Began Development of Lateral Pipelines to Facilitate up to 2.5 GW of On-Site Generation for Data Center Expansion<\/em>\n <\/p>\n

NEW YORK, Nov. 02, 2026 (GLOBE NEWSWIRE) — Cipher Digital Inc.<\/a> (NASDAQ: CIFR) (\u201cCipher\u201d or the \u201cCompany\u201d), a leading developer, owner, and operator of industrial-scale data centers, today announced its third quarter 2026 financial results, with an update on its operations and business strategy.<\/p>\n

The third quarter marked a milestone in Cipher\u2019s transition to a leading HPC development platform, as the Company recognized its first HPC lease revenue following rent commencement at Black Pearl. Across Black Pearl and Barber Lake, multiple data halls are scheduled to come online through year-end.<\/p>\n

Cipher also highlighted its previously announced amendment to the Barber Lake lease, which adds a second 10-year term directly with a leading AI lab. The amendment increases total contracted revenue at the site to approximately $9.1 billion, adding approximately $5.2 billion of incremental rent. It also establishes a phased delivery schedule aligned with the tenant\u2019s compute deployment, and construction remains on track to deliver against the amended schedule.<\/p>\n

In the third quarter, the Company received conditional classifications across several pipeline sites through ERCOT\u2019s Batch Zero process, including a conditional base load classification for 1 GW at Colchis and conditional studied load classifications with Provisional Controllable Load Resource (\u201cPCLR\u201d) designations for an additional 1.6 GW.<\/p>\n

The Company also commenced development of lateral natural gas pipelines capable of supporting up to 2.5 GW of on-site generation, and acquired Horizon, a 70 MW site in Texas expected to energize in 2029. The pipeline also includes 270 MW of capacity available in 2027, for which the Company continues to advance tenant discussions and design work. Cipher\u2019s development pipeline today totals approximately 5.9 GW.<\/p>\n

\u201cCipher was built for this market, and this quarter we took important steps to strengthen our position for the long term,\u201d said Tyler Page, Chief Executive Officer. \u201cThe decisions we made early on about who we partner with, how we structure our projects, how we navigate a dynamic regulatory environment and how we engage with our communities were made for exactly these conditions. Demand for compute is growing, and our relationships with leading hyperscalers and AI labs are deepening. We are adding new capacity to our pipeline, investing earlier in every project and advancing design work before committing to new leases, so we are well positioned for our next phase of growth.\u201d<\/p>\n

\n Finance and Operations Highlights<\/strong>\n <\/p>\n