Cipher Digital Provides Third Quarter 2026 Business Update
Globe Newswire•02/11/2026•07:00 ET
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Key Highlights
- ➤Barber Lake lease extended to 20 years, lifting contracted revenue to approximately $9.1 billion
- ➤Cipher recognized first HPC lease revenue after Black Pearl rent commencement
- ➤Colchis received conditional base load classification for 1 GW through ERCOT Batch Zero
- ➤Cipher began developing lateral pipelines supporting up to 2.5 GW of on-site generation
- ➤Q3 2026 revenue reached $27 million; Adjusted EBITDA was negative $10 million
Expert Statements
Tyler Page, Chief Executive Officer of Cipher Digital
“Cipher was built for this market, and this quarter we took important steps to strengthen our position for the long term. The 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.”
Expanded Barber Lake Lease Term to 20 Years, Increasing Contracted Revenue to $9.1 Billion
Received Conditional Base Load Classification for Colchis (1 GW)
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