CIFR Stock Gains After Cipher Extends Barber Lake Lease To 20 Years, Contracted Revenue Tops $9B
An unnamed “leading AI lab” has made a binding commitment to lease the facility for an additional 10 years after the current Fluidstack lease ends. The follow-on commitment is expected to generate about $5.2 billion in incremental contracted revenue. Cipher will absorb the first $359.3 million in costs above the original Barber Lake budget, with … Read more