Cipher Mining Inc. (NASDAQ: CIFR) secured a 10-year colocation agreement with Fluidstack valued at roughly $3 billion, positioning itself as a major player in high-performance computing data centers. The deal also brings in Alphabet Inc. (NASDAQ: GOOGL) as a financial backer, underscoring growing demand for AI-driven infrastructure.
The agreement covers 168 megawatts of IT load at Cipher's Barber Lake site in Colorado City, Texas. Optional five-year extensions could lift the total contract value to about $7 billion. With land available for expansion up to 500 MW, Cipher aims to support next-generation computing requirements at scale.
