Fluidstack 56 MW AI hosting agreement
Company: Cipher Mining - Project: Barber Lake Facility
The claim, verbatim
Cipher will deliver 56 MW of additional gross capacity (39 MW critical IT load) to Fluidstack under a 10-year high-performance computing colocation agreement valued at approximately $830 million
Source (primary)
cipher-mining 8-K exhibit (dp237633_ex9901.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-25)Live source ↗
Quote: “Under the agreement, Cipher will deliver an additional 39 MW of critical IT load, supported by a maximum of 56 MW of additional gross capacity, at its Barber Lake site in Colorado City, Texas... The agreement represents approximately $830 million in contracted revenue over the initial 10-year term”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The press release states each element of the claim. It describes the 56 MW as a maximum of additional gross capacity supporting 39 MW of critical IT load.
Confirmed in the source:
- Cipher signed a 10-year high-performance computing colocation agreement with Fluidstack
- Cipher will deliver an additional 39 MW of critical IT load under the agreement
- The 39 MW of critical IT load is supported by up to 56 MW of additional gross capacity
- The agreement represents approximately $830 million in contracted revenue over the initial 10-year term
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_ex9901.htm) in full (11,561 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (dp237633_ex9901.htm)
Quote: “Under the agreement, Cipher will deliver an additional 39 MW of critical IT load, supported by a maximum of 56 MW of additional gross capacity, at its Barber Lake site in Colorado City, Texas... The agreement represents approximately $830 million in contracted revenue over the initial 10-year term”