Overview
- Under the deal, Cipher will deliver 300 MW to AWS in two phases starting in July 2026, with full delivery by late 2026 and rent commencing in August 2026.
- The buildout will support high‑performance AI workloads using both air‑ and liquid‑cooled racks.
- Cipher announced a joint venture for the 1 GW Colchis campus in West Texas, retaining roughly 95% equity as American Electric Power constructs a dual interconnection subject to ERCOT review for a 2028 energization target.
- Including a previously announced Fluidstack/Google arrangement, Cipher reports roughly $8.5 billion in AI‑hosting contract commitments.
- Cipher posted Q3 revenue of about $71–72 million with $41 million in adjusted earnings and a net loss near $3 million, as shares jumped into double digits on the news.