Cipher recognized its first HPC lease revenue in Q3 2026, following rent commencement at Black Pearl.
Barber Lake's amended 20-year lease now carries roughly $9.1B in contracted revenue. Separately, ERCOT granted a conditional 1GW base-load classification at Colchis.
These are three different stages: revenue earned, future rent contracted and power capacity still subject to conditions.
For AI infrastructure investors, the distinction matters more than headline gigawatts. $CIFR.US
Barber Lake's amended 20-year lease now carries roughly $9.1B in contracted revenue. Separately, ERCOT granted a conditional 1GW base-load classification at Colchis.
These are three different stages: revenue earned, future rent contracted and power capacity still subject to conditions.
For AI infrastructure investors, the distinction matters more than headline gigawatts. $CIFR.US