Cipher Mining (CIFR) may have crashed 33.26% from its lofty perch of $25.52 it achieved on Nov. 5, but the company’s journey is far from stalled. After attracting investors with its Q3 performance, Cipher has once again grabbed attention. This is thanks to its latest expanded 10-year High-Performance Computing (HPC) lease agreement with Fluidstack, an artificial intelligence (AI) cloud specialist that builds powerful HPC clusters for top-tier enterprises.
Following the announcement of a 10-year HPC colocation partnership with Fluidstack back in September, Cipher has now expanded the agreement this month. The updated agreement adds 39 MW of critical IT load (backed by up to 56 MW of capacity) to Cipher’s Barber Lake HPC data center campus in Texas, enabling Fluidstack to lease the site’s entire 300 MW capacity.
