Cipher Digital Inc. develops, owns, and operates industrial-scale data centers designed for high-performance computing workloads. News about CIFR centers on business updates, construction and delivery milestones for data center campuses such as Barber Lake and Black Pearl, leases with hyperscale tenants, and the company’s capital allocation for power, real estate, engineering, and operations.
Coverage also includes Cipher’s completed rebrand from Cipher Mining Inc. to Cipher Digital Inc., its strategic shift toward HPC infrastructure, financing activity such as credit facilities and secured debt, and portfolio changes tied to its former bitcoin mining assets. Investor conference participation and quarterly operating updates recur as part of the company’s public communications.
Cipher Digital (CIFR) recognized its first high-performance computing lease revenue as rent commenced at Black Pearl during the third quarter. HPC leasing contributed $5.852 million to total revenue of $26.701 million, versus $71.707 million a year earlier. Net income available to common shareholders was $31.605 million, versus a $3.283 million loss; adjusted EBITDA was negative $10 million.
The Barber Lake lease expanded to 20 years, increasing contracted revenue to approximately $9.1 billion. Cipher completed an $850 million convertible-note offering to fund additional equity investment there. Its approximately 5.9 GW development pipeline includes conditional base load classification for 1 GW at Colchis. Pipeline development began to support up to 2.5 GW of potential on-site generation. Cipher acquired the 70 MW Horizon site, which it expects to energize in 2029.
Cipher Digital (CIFR) announced its participation in seven investor and industry conferences scheduled for November and December 2026. The schedule includes Cantor Convergence on November 11, the J.P. Morgan U.S. Opportunities Forum on November 12, the Clear Street AI Infrastructure Summit on November 19, and the Rosenblatt AI Infrastructure & HPC Conference on November 30.
Cipher will also participate in the Morgan Stanley Data Center & AI Summit on December 2, the Jefferies Real Estate Conference on December 7, and the Wells Fargo 10th Annual TMT Summit on December 8. Management may take part in discussions about recent developments and growth strategy. Links to any webcast will be posted ahead of the relevant event; replays will be available on the investor website if provided by the conference.
Cipher Digital (NASDAQ: CIFR) will release its third-quarter 2026 financial results and provide a business update on November 2, 2026. The release is scheduled before U.S. markets open, followed by a conference call and webcast at 8:00 a.m. Eastern Time. The live webcast and replay will be available through the investor relations section of Cipher’s website.
Cipher Digital (NASDAQ:CIFR) priced an $850.0 million private offering of convertible senior notes to finance data-center investment and development. The notes bear 0.00% regular interest and mature November 1, 2032. Settlement is scheduled for October 16, 2026. Initial purchasers have a 13-day option for up to $150.0 million more.
Estimated net proceeds are approximately $835.1 million, before estimated offering expenses. Cipher intends to spend approximately $89.7 million on capped calls, designed to limit conversion dilution, and direct remaining proceeds toward Barber Lake, its high-performance computing pipeline, development sites and general corporate purposes. The initial conversion price is approximately $15.31 per share, a 35.0% premium to the October 13 closing price. Cipher also expects to exchange approximately $165.9 million of its 1.75% notes due 2030 for approximately 40.7 million common shares, including accrued interest.
Cipher Digital (CIFR) plans a private offering of $850.0 million in zero-interest convertible senior notes due 2032, subject to market conditions. The company expects to grant purchasers a 13-day option for up to $150.0 million more. The senior unsecured notes would mature on November 1, 2032, with conversions settled in cash, common shares or both at Cipher’s election.
Cipher intends to fund capped calls, which limit conversion dilution or excess cash payments, and direct remaining proceeds toward Barber Lake equity investment, its high-performance computing build-out and development sites. It also expects to exchange part of its outstanding 1.75% notes due 2030 for common shares. Holders could require cash repurchase of the new notes on November 1, 2030, unless all outstanding notes have previously been called for redemption. Conversion terms will be set at pricing; capped-call protection is limited by a cap.
Cipher Digital (CIFR) extended Barber Lake's contracted lease duration to 20 years through agreements announced September 25, 2026. Total contracted revenue at the Texas data center rises from $3.8 billion to over $9 billion. Cipher amended its existing lease with Fluidstack and secured a binding commitment from an AI lab for an additional 10-year term after that lease ends. A separate lease is to govern the later term on economic terms substantially consistent with the Fluidstack lease. Cipher expects approximately $5.2 billion in incremental contracted revenue.
The amendment sets phased delivery of individual data halls from the fourth quarter of 2026 through the first quarter of 2027. Rent starts for each hall upon delivery, with the first commencement expected in the fourth quarter of 2026. Under a cost reimbursement framework tied to the amendment and change orders, Cipher will bear the first $359.3 million of costs above the initial Barber Lake lease budget.
Cipher Digital (CIFR) and partners committed $10 million on Sept. 14, 2026 to upgrade Colorado City's water system.
The funds from Cipher Digital, Fluidstack and Anthropic will be managed with local leaders through the new Colorado City Water Infrastructure Foundation, a nonprofit funded exclusively by the three companies. Projects selected by the city include added water storage capacity, replacement of aging valves and other infrastructure to improve availability and resilience after recent storm-related outages. Cipher’s Barber Lake data center uses its own on-site water supply and draws no water from Colorado City’s system, so added capacity is reserved for residents.
Cipher Digital (CIFR) began developing lateral natural gas pipelines at multiple sites to support bring-your-own-generation power capacity for its data centers.
The pipelines are designed to connect Cipher’s facilities to nearby natural gas supplies and enable on-site generation of up to 2.5 gigawatts (GW) of electricity. Cipher plans to work with power providers to build and operate the generation infrastructure and expects the new power to become available before the end of 2027. The company intends to use this capacity to expand and lease additional industrial-scale HPC data center space to premier tenants and may also seek grid connections to help support local grid stability.
Cipher Digital (NASDAQ: CIFR) announced its support for Texas Governor Greg Abbott’s push to increase transparency and accountability in the state’s data center sector, including a comprehensive audit of projects seeking to connect to the Texas grid. The company said it will fully cooperate with the audit and provide detailed information on its power use, water use, and community impact for its Texas campuses in West and Central Texas.
Cipher outlined commitments to pay its own grid interconnection costs, curtail load during ERCOT emergencies under Senate Bill 6, support full disclosure and third-party audits of water consumption, use treated brackish non-potable water and explore oilfield produced water for cooling, back ambient noise studies, work proactively with neighbors, and invest in local public infrastructure. Cipher also highlighted its investor website as a key disclosure channel.
Cipher Digital (NASDAQ: CIFR) reported Q2 2026 bitcoin-mining revenue of approximately $25 million and an Adjusted EBITDA loss of about $30 million, with a GAAP net loss of $267.5 million or $0.65 per share. According to Cipher, an amendment to its Black Pearl campus lease with an investment-grade hyperscale tenant accelerated initial capacity delivery by two months, with capacity delivered and rent commencing in early August.
The company acquired an option on the Apollo site near San Antonio, Texas, supporting up to 900 MW of potential data center capacity across roughly 288 acres. Cipher also completed a bond offering that fully funds its Stingray data center development through substantial completion and reimbursed $56.7 million of prior project spending. Barber Lake and Black Pearl developments are progressing, and Stingray construction is underway. As of June 30, 2026, total assets reached $7.5 billion, long-term borrowings were $5.45 billion, and stockholders’ equity was $562.1 million.