10-year Fluidstack lease with Google backstop
Company: Cipher Mining
The claim, verbatim
Signed 10-year lease with Fluidstack for 244 MW gross capacity (168 IT MW) with Google backstopping $1.4 billion of Fluidstack's lease obligations. Minimum contracted revenue of approximately $3.0 billion. Construction underway with expected completion in September 2026 and rent commencing October 2026.
Source (primary)
cipher-mining 8-K exhibit (ciphermining_businessupd.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “Signed 10-year lease with Fluidstack for 244 MW gross (168 IT MW) with Google backstopping $1.4Bn of Fluidstack's lease obligations... ~$3.0Bn of minimum contracted revenue • Construction underway”
How we checked this
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Additional evidence
confirms cipher-mining 8-K exhibit (ciphermining_businessupd.htm)
Quote: “Signed 10-year lease with Fluidstack for 244 MW gross (168 IT MW) with Google backstopping $1.4Bn of Fluidstack's lease obligations... ~$3.0Bn of minimum contracted revenue • Construction underway”