Overview
- Cipher will begin delivering capacity in July 2026 with full deployment by late 2026, and rent is scheduled to start in August 2026.
- Shares rose about 19%–20% in premarket trading following the announcement, according to market data cited in reports.
- The AWS lease brings Cipher’s reported AI-hosting commitments to roughly $8.5 billion, including a previously announced $3 billion Fluidstack/Google deal.
- Cipher says it has taken majority control of a joint venture to build the 1-gigawatt Colchis site in West Texas, a 620‑acre project with an American Electric Power Direct Connect targeted for 2028.
- The company reported $72 million in third-quarter revenue and said it achieved adjusted earnings.