Recent Updates — CIFR
Cipher Digital Inc. announced an amendment to its lease for the Barber Lake data center facility, extending the aggregate contracted term from ten years to twenty years. This extension includes a binding commitment from a leading AI lab for an additional ten-year lease following the conclusion of the existing Fluidstack lease. The transaction increases total contracted revenue at the facility from $3.8 billion to over $9 billion, adding approximately $5.2 billion in incremental revenue. Individual data halls are expected to be delivered between the fourth quarter of 2026 and the first quarter of 2027, with rent commencing upon delivery. The company will bear the first $359.3 million of cost overruns, with tenants reimbursing 50% of costs exceeding that threshold. Cipher Digital Inc. develops and operates industrial-scale data centers engineered for high-performance computing workloads.
Stingray Compute LLC, a subsidiary of Cipher Digital Inc., completed a private offering of $810.0 million in 6.000% Senior Secured Notes due 2031. The proceeds will be used to finance the Stingray Facility high performance computing data center in Texas, reimburse $61.5 million in prior equity contributions, and fund debt service reserves. The notes bear 6.000% interest payable semiannually on June 15 and December 15. Cipher Digital Inc. operates in the high performance computing and data center industry.
Cipher Digital Inc. announced that its wholly-owned indirect subsidiary, Stingray Compute LLC, priced an offering of $810.0 million in 6.000% senior secured notes due 2031 at a price of 99.750% of principal. The offering is expected to close on June 15, 2026. Cipher Digital Inc. operates in the digital technology and computing services industry.
On June 2, 2026, Cipher Digital Inc. held its 2026 Annual Meeting of Stockholders, where stockholders' voting results for director elections, director term expiration, 268,911,228 shares (approximately 66.24% of outstanding common stock) were present. The meeting results include the election of Thomas Duda, James Newsome, and Wesley Williams as directors, the ratification of annual audit firm appointment, and approval of executive compensation on an advisory basis.
Cipher Digital Inc. announced the intention of its wholly-owned indirect subsidiary, Stingray Compute LLC, to offer $810.0 million in senior secured notes due 2031 in a private offering to qualified institutional buyers and non-U.S. persons. The company is also furnishing illustrative financial information of Stingray Compute LLC to potential investors.