Overview
- The agreement adds 56 MW at Barber Lake, delivers 39 MW of critical IT load, fills the site’s full 300 MW lease with Fluidstack, and contracts about $830 million over 10 years.
- Two optional five-year extensions could lift revenue to about $2 billion for this expansion and roughly $9 billion across the broader partnership.
- Google increased its support by $333 million to $1.73 billion to backstop Fluidstack’s obligations and facilitate project financing.
- Cipher plans project-level debt plus about $118 million in equity to fund the build, guiding to 85–90% net operating income margins and $9–10 million per MW in costs.
- Shares rose roughly 13% in early trading after Nvidia’s strong results and the new hosting agreement.