Cipher Mining

Cipher Mining Signs Additional 56 MW, 10-Year AI Hosting Agreement with Fluidstack In this transaction, Cipher will deliver 39 MW of Critical IT Load to Fluidstack at its Barber Lake site, securing ~$830M in contracted revenue over the initial 10-year term. The agreement also includes two 5-year extension options. If exercised, these extension options would bring the total contracted revenue to ~$2.0 billion for this transaction and ~$9.0 billion in total for the entire lease. With these newly contracted megawatts, Fluidstack is increasing the size of its original transaction and leasing the entire 300 MW of capacity at Cipher Mining's Barber Lake site. To support the buildout, Google will backstop an additional $333M of Fluidstack's lease obligations. “We’re excited to expand our partnerships with Fluidstack and Google as we develop the remaining current capacity at our Barber Lake site,” said Tyler Page, Cipher’s CEO. “This third transaction further validates Cipher’s position as a leader in HPC development and underscores the strong momentum that will continue to drive growth across our pipeline of sites.” Full Press Release here: https://bit.ly/3XCnhez

Yesterday on CNBC, our CEO Tyler Page shared how Cipher is powering AI infrastructure with our two milestone HPC transactions and growing pipeline of capacity. Check it out: https://lnkd.in/eYKDbE3H

This morning, Cipher Mining released its Q3’25 business update, marking a transformative quarter highlighted by major progress in expanding our HPC strategy and pipeline. Cipher announced the following updates: *Signed a 300 MW, ~$5.5 billion, 15-year lease agreement with Amazon Web Services to provide turnkey space and power for AI workloads *Secured majority ownership in a JV to Develop a 1 GW Site, called “Colchis”, in West Texas *AI Hosting contracts, including the Q3 transaction with Fluidstack and Google, represent approximately $8.5 billion in lease payments *Delivered strong financial results with revenue of $72m and non-GAAP adjusted earnings of $41m “The third quarter was truly transformative for Cipher, as we executed two milestone HPC transactions and expanded our development pipeline,” said Tyler Page, CEO. “As the industry evolves rapidly, we’re more confident than ever that Cipher is among the best-positioned companies in the world to seize additional opportunities created by the growing power shortfall." More here: https://bit.ly/47B2MUl

Cipher will host its Q3 2025 earnings call on Monday, November 3rd at 8:00 AM ET. We look forward to providing a business update and releasing our third quarter results. The live webcast and a webcast replay can be accessed from the investor relations section of Cipher Mining's website at: https://lnkd.in/e7QK36pQ

As he completes his first week, we’re excited to formally welcome Greg M. as Cipher Mining's new Chief Financial Officer. “Greg’s track record as a dealmaker, structuring complex transactions and navigating dynamic capital markets, makes him uniquely well-suited to help us capitalize on the extraordinary momentum and opportunities we are seeing in the HPC space,” said Tyler Page, CEO. “His experience advising on transformative deals in digital infrastructure and industrials will be invaluable as we continue to scale.” Press Release: http://bit.ly/46GjOkJ

Black Pearl Phase I continued to scale in September and has now reached completion, bringing Cipher Mining's total self-mining hashrate to ~23.6 EH/s. And we have begun construction at Barber Lake, as shown in the picture below. *BTC Mined: ~251 BTC *BTC Sold: ~158 BTC *BTC Held: ~1,500 BTC *Deployed Mining Rigs: ~114,000 *Month End Operating Hashrate (EH/s): ~23.6 *Month End Fleet Efficiency (J/TH): ~16.8 Press Release: http://bit.ly/4o8iSLK

Cipher Mining Signs 168 MW, 10-Year AI Hosting Agreement with Fluidstack In this transaction, Cipher will deliver 168 MW of Critical IT Load to Fluidstack at its Barber Lake site, securing ~$3B in contracted revenue over the initial 10-year term. The agreement also includes two 5-year extension options which, if exercised, would bring the total contract revenue to ~$7B. To support the buildout, Google will backstop $1.4B of Fluidstack’s lease obligations and will receive warrants to acquire shares of Cipher Mining's common stock, equating to a ~5.4% pro forma equity ownership stake. “We are thrilled to be working with Fluidstack to develop HPC data centers, and we look forward to welcoming Google as an investor in Cipher. This transformative transaction reinforces our HPC momentum as we continue to attract attention for our large and growing pipeline of sites,” said Tyler Page, Cipher’s CEO. “We believe this transaction represents the first of several in the HPC space as we continue to scale our capabilities and strengthen our position in this rapidly growing sector.” Full Press Release here: http://bit.ly/3KlH9PR

Cipher Mining is thrilled to be attending the H.C. Wainwright & Co., LLC 27th Annual Global Investment Conference this week. Cipher's CEO, Tyler Page, will be hosting a Company Presentation on Monday at 11:00am ET. The live webcast can be found here: https://lnkd.in/eZa4vay3 In addition, Tyler Page will be participating in a Bitcoin Mining & High-Performance Computing Panel on Tuesday at 2:30pm ET. The webcast can be found here: www.hcwco.com/btchpc The replays will also be available in the Events section of Cipher’s website.

In August, Black Pearl Phase I continued to scale production, accounting for ~39% of total BTC mined. With all rig deliveries on schedule, the Company maintains expectations that Black Pearl Phase I will reach ~10 EH/s by the end of the third quarter, bringing Cipher Mining's total self-mining hashrate to ~23.5 EH/s. *BTC Mined: ~241 BTC *BTC Sold: ~42 BTC *BTC Held: ~1,414 BTC *Deployed Mining Rigs: ~115,000 *Month End Operating Hashrate (EH/s): ~23.0 *Month End Fleet Efficiency (J/TH): ~17.3 Press Release: http://bit.ly/47u3C6O #BTC #HPC

Cipher Mining is thrilled to be attending the Canaccord Genuity Group Inc.'s 45th Annual Growth Conference this week. Cipher's CEO, Tyler Page, will be hosting a fireside chat on Wednesday at 10:30am ET. The live webcast can be found here: https://lnkd.in/dMkWfDD2 The replay will also be available in the Events section of Cipher’s website.