Cipher Mining Inc. has signed a 10-year high-performance computing (HPC) colocation agreement with Fluidstack, securing approximately $3 billion in contracted revenue.

The deal, announced Thursday, positions Cipher as a significant player in the artificial intelligence infrastructure sector. Cipher, traditionally known for its bitcoin mining operations, will deliver 168 megawatts of critical IT load at its Barber Lake site in Colorado City, Texas, with expected completion by September 2026. The facility could expand to 500 MW, supported by 587 acres of surrounding land.

The agreement includes two optional five-year extensions that would raise the total contract value to $7…

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