Compute / the Ledger · 3 deals
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Every deal dated, typed in plain words, and linked to the document it comes from.
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Deals with Cipher Mining as a party. Cipher Mining’s page · Show every party
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 3 Nov 2025 | AWS signs a ~$5.5B, 15-year lease for 300 MW at a Cipher siteSignedDelivered in two phases from July 2026 to Q4 2026, rent from August 2026. Cipher's first direct hyperscaler lease. |
| Site lease | $5.5B | 15 years300 MW | Cipher Mining 8-K Ex. 99.1, 2025-11-03Regulatory filing |
| 25 Sept 2025 | Google backstops $1.4B of Fluidstack's Barber Lake lease obligations and receives warrants for ~5.4% of CipherSignedRecognition agreement: on Fluidstack payment default or insolvency, Google may pay rent and assume the lease, or pay a termination fee in exchange for equity in the project entity. Warrants for 24,178,576 Cipher shares at $0.01, with a $430M minimum-value make-whole. Increased by $333M on 2025-11-20. |
| Backstop | $1.4B | Cipher Mining 8-K, 2025-09-25Regulatory filing | |
| 25 Sept 2025 | Fluidstack leases Cipher's 168 MW Barber Lake site for 10 years, ~$3B of contracted revenueSignedColorado City, Texas; up to 244 MW gross. Google backstops the lease (see google-cipher-backstop-2025-09). Expanded 2025-11-20; follow-on lease with an AI lab 2026-09-24. |
| Site lease | $3B~$3B over the initial 10-year term; ~$7B if two five-year extensions are exercised. | 10 years · to 24 Sept 2035168 MW | Cipher Mining 8-K Ex. 99.1, 2025-09-25Regulatory filing |
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