Earnings call briefThird-quarter 2026
Cipher Digital says Barber Lake cost rises to $13 million per IT megawatt
The company said the amendment restores the project's average yield on cost to approximately 15%, versus approximately 13% without it.
GetSignal Cipher Mining CIFR
On its third-quarter call, Cipher Digital said that of about $409 million in tenant-directed change orders at Barber Lake, the tenant will reimburse approximately $50 million. Chief Financial Officer Gregory Mumford said Cipher Digital agreed to invest the remaining $359 million for the 10-year extension and the revenue that comes with it.
Quotes from the call
“As part of the amendment, the tenant will reimburse approximately $50 million while Cypher agreed to invest the remaining $359 million in exchange for the 10-year lease extension and the significant incremental revenue that comes with it.”
Key facts from the call
- Barber Lake cost per IT megawatt with amendment
- $13 million
- Average yield on cost with amendment
- approximately 15%
- Average yield on cost without amendment
- approximately 13%
Source: Cipher Digital's third-quarter 2026 earnings call, November 2, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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