Cipher Digital extends Barber Lake data center lease to 20 years, lifts contracted revenue to over $9 billion
Bitget2026/09/25 11:45- Cipher Digital extended the Barber Lake data center lease in Texas to 20 years from 10 years.
- Total contracted revenue at the site rose to over $9 billion from $3.8 billion.
- A separate 10-year commitment from a leading AI lab is expected to add about $5.2 billion in contracted revenue.
- Phased data hall deliveries are expected from Q4 2026 through Q1 2027; first rent is expected to start in Q4 2026.
- Cost framework sets Cipher’s first $359.3 million of excess costs; tenants reimburse 50% above that over 20 years via rent.
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