Cipher Digital
GPU neoclouds · US
Cipher Digital had a market capitalisation of $3.73B on 16 October 2026 (listed as CIFR; updated every weekday from the market price).
The third landlord shape on the map after Hut 8 and TeraWulf, and the one with a hyperscaler signed directly as tenant.
- Valuation
- $3.73B
- Confidence
- verified
- As of
- 16 October 2026
- Layer
- GPU neoclouds
- Ticker
- CIFR
- Signal
- Amazon- and Google-backed landlord
- Website
- cipherdigital.com
Relationships (3)
Cipher Digital rents capacity to
- Amazonverified · source
- Fluidstackverified · source
Valuation history on the map
| Date | Mark | Change |
|---|---|---|
| 15 October 2026 | $4.17B | -11.5% |
| 14 October 2026 | $4.71B | -12.8% |
| 13 October 2026 | $5.39B | -3.8% |
| 12 October 2026 | $5.61B |
Daily snapshots began 27 July 2026. Public companies move with the market every weekday.
Notes
The third landlord shape on the map after Hut 8 and TeraWulf, and the one with a hyperscaler signed directly as tenant. At the Black Pearl site it holds a 15-year campus lease with Amazon Web Services for 300 MW gross, announced 2025-11-03 and reported at about $5.5B of total contract value, delivered in two phases during 2026 - roughly 216 MW of critical IT load under contract with three five-year extension options, and Amazon.com, Inc. guarantees the base rent and operating expenses. At Barber Lake in Colorado City, Texas it leases the full 300 MW to Fluidstack, built up through a 168 MW lease in September 2025 and a ~$830M, 56 MW expansion on 2025-11-20, with GOOGLE backstopping Fluidstack's lease obligations to support project debt - an additional $333M at the expansion, taking Google's total backstop to $1.73B. In late September 2026 it extended the Barber Lake term from 10 years to 20, lifting contracted revenue at the site from about $3.8B to more than $9B on a binding 10-year commitment from an unnamed leading AI lab worth roughly $5.2B; Cipher absorbs the first $359.3M of cost above the original budget and the tenant covers half of overruns beyond that. Named Cipher Mining until a charter amendment on 2026-02-20; a bitcoin miner before the pivot, and the contracted revenue is a claim on counterparty credit, not revenue.
Sources
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Last updated 16 October 2026. Follow Cipher Digital in any feed reader to hear when its valuation moves.
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