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Cipher Digital books its first AI data centre lease revenue as Barber Lake contracted revenue reaches about US$9.1 billion
What changed
Cipher Digital reported third-quarter 2026 revenue of US$26.7 million, including US$5.85 million of HPC leasing revenue, its first, after rent began at its Black Pearl site, while bitcoin mining revenue fell to US$20.8 million from US$71.7 million. The company says the Barber Lake lease, now 20 years with a leading AI lab, carries about US$9.1 billion of contracted revenue, that it has started lateral gas pipelines for up to 2.5 GW of on-site generation, and that its development pipeline totals about 5.9 GW (company figures). Adjusted EBITDA was negative US$10 million.
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