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Cipher signs 15-year hyperscale lease for new HPC data center development
Wednesday, March 25, 2026 at 12:24 PM
Cipher has finalized a 15-year lease agreement with an investment-grade hyperscale client to develop a new high-performance computing (HPC) data center at an existing site, marking its third campus lease.
Context
On March 25, 2026, Cipher Digital (NASDAQ: CIFR) announced the execution of a 15-year data center campus lease with an investment-grade hyperscale tenant. This marks the company’s third such deal as it continues a strategic pivot from high-volatility Bitcoin mining to stable, long-term high-performance computing (HPC) infrastructure. To support this growth, Cipher also secured a $200 million revolving credit facility backed by a syndicate including Morgan Stanley, Goldman Sachs, and JPMorgan Chase.
This development follows a series of massive infrastructure wins, including a $5.5 billion deal with AWS and a Google-backed agreement for the 168 MW Barber Lake facility. Cipher is currently decommissioning older mining sites like Black Pearl to retrofit them for AI workloads, aiming to capitalize on a 2.37 GW development pipeline. By securing long-tenor leases with top-tier technology firms, the company aims to transition 74% of its capacity to HPC by the end of 2026.
Sources (7)
cipher mining inc.0000950170-23-045092 | 8-K | iXBRL Viewer | Cipher Mining INCCipher Digital Announces Business UpdatesCipher Digital signs 15-year data center lease, secures $200M credit By Investing.comCipher Mining Announces August 2025 Operational Update | Cipher Digital Inc.Power Mining Analysis | bitcoin mining analysisBitcoin Miner Cipher Mining to Raise $2 Billion for AI Computing Expansion | ForkLog
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