{"id":"b9d40f4b-f4e6-4690-893f-7951c9c32832","slug":"cipher-barber-lake-colorado-city-texas","name":"Barber Lake","aliases":["Barber Lake Facility","Cipher Barber Lake"],"locationId":"46d69a59-639b-415e-8e2a-ca62a8a82f36","lat":32.406,"lng":-100.864,"locationPrecision":"city","landStatus":"private","lifecycleState":"under_construction","powerSourceMix":"grid","interconnectionQueueStatus":null,"interconnectionQueueId":null,"expectedEnergizationDate":null,"dedicatedSubstation":null,"gridOperator":"ERCOT","waterSourceNotes":null,"servingUtility":null,"acreage":250,"totalBuildingSqft":null,"streetAddress":null,"notes":"Cipher Digital's (formerly Cipher Mining) 300 gross MW HPC campus on 250 acres near Colorado City in Mitchell County, leased in full to Fluidstack (backstopped by Google). The 10-K frames capacity as 300 gross MW (244 MW Phase I + 56 MW Phase II); company disclosure separately cites critical IT load rising to 207 MW. Phase I delivery targeted Sept 30 2026, Phase II Jan 31 2027; the site has a fully energized substation and unrestricted 300 MW ERCOT interconnection. Exact energized MW as of the filing not stated.","keyFacts":[{"label":"Contracted term 20 years / revenue over $9B (Sep 2026)","value":"Company-stated by Cipher Digital ([company-stated](https://www.stocktitan.net/sec-filings/CIFR/8-k-cipher-digital-inc-reports-material-event-3a0d843f619e.html); also [GlobeNewswire PR via Manila Times](https://www.manilatimes.net/2026/09/25/tmt-newswire/globenewswire/cipher-digital-expands-barber-lake-lease-term-to-20-years-increasing-revenue-to-over-9-billion/2433019)): Fluidstack USA II lease amended plus binding commitment with unnamed leading AI lab for a follow-on 10-year lease; aggregate contracted term 10→20 years; incremental contracted revenue ~$5.2B; total contracted revenue at facility from $3.8B to over $9B. Data halls expected Q4 2026-Q1 2027; first rent Q4 2026. Cipher bears first $359.3M overruns; tenant reimburses 50% above that over 20 years. Cap: Cipher Form 8-K + PR; AI lab not named"}],"reviewStatus":"reviewed","sources":[{"url":"https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm","title":"Cipher Digital Inc. Form 10-K FY2025"},{"url":"https://www.sec.gov/Archives/edgar/data/1819989/000181998925000110/ciphermining_businessupd.htm","title":"Amended and Restated Recognition Agreement (Cipher / Fluidstack / Google) 8-K"},{"url":"https://www.globenewswire.com/news-release/2025/09/25/3156107/0/en/Cipher-Mining-Signs-168-MW-10-Year-AI-Hosting-Agreement-with-Fluidstack.html","title":"Cipher Mining Signs 168 MW, 10-Year AI Hosting Agreement with Fluidstack"},{"url":"https://www.stocktitan.net/sec-filings/CIFR/8-k-cipher-digital-inc-reports-material-event-3a0d843f619e.html","title":"Cipher Digital Inc. Form 8-K (Barber Lake Amendment and Commitment) via StockTitan","sourceName":"Cipher Digital Form 8-K via StockTitan","publishedAt":"2026-09-25"},{"url":"https://www.manilatimes.net/2026/09/25/tmt-newswire/globenewswire/cipher-digital-expands-barber-lake-lease-term-to-20-years-increasing-revenue-to-over-9-billion/2433019","title":"Cipher Digital Expands Barber Lake Lease Term to 20 Years, Increasing Revenue to Over $9 Billion","sourceName":"Cipher Digital press release (GlobeNewswire via Manila Times)","publishedAt":"2026-09-25"},{"url":"https://colocationscout.com/news-cipher-barber-lake-20-year-lease.html","title":"Cipher Barber Lake 20-year lease (secondary)","sourceName":"Colocation Scout","publishedAt":"2026-09-25"}],"reviewNote":null,"createdAt":"2026-08-17T20:22:32.955Z","updatedAt":"2026-09-26T20:55:23.793Z","location":{"id":"46d69a59-639b-415e-8e2a-ca62a8a82f36","name":"Colorado City","slug":"colorado-city-texas","kind":"city","parentLocationId":"45f67762-10f4-4255-be84-45c73efe25f9","region":"Mountain West","lat":32.406,"lng":-100.864,"reviewStatus":"reviewed","aliases":[],"collisionRisk":"high","reviewNote":null,"createdAt":"2026-08-17T20:22:32.573Z","updatedAt":"2026-08-21T03:20:12.226Z"},"parties":[{"id":"49791381-84f4-4083-bd83-df12e94ae7df","dataCenterId":"b9d40f4b-f4e6-4690-893f-7951c9c32832","companyId":null,"externalName":"Cipher Digital Inc.","role":"operator","structureNotes":"via subsidiary Cipher Barber Lake LLC; formerly Cipher Mining Inc. (ticker CIFR)","createdAt":"2026-08-17T20:22:35.256Z","company":null},{"id":"b0f3c6d7-760b-4df8-9624-500b23ed88cd","dataCenterId":"b9d40f4b-f4e6-4690-893f-7951c9c32832","companyId":null,"externalName":"Fluidstack USA II Inc.","role":"offtaker","structureNotes":"10-year HPC lease, full campus","createdAt":"2026-08-17T20:22:36.015Z","company":null},{"id":"13e3841b-7dcd-44f9-b3fe-23aee90fa506","dataCenterId":"b9d40f4b-f4e6-4690-893f-7951c9c32832","companyId":null,"externalName":"Luminant / Vistra Operations","role":"utility","structureNotes":"interconnection electrical facilities","createdAt":"2026-08-17T20:22:37.540Z","company":null},{"id":"db7b1463-5758-465c-ac7b-12ac78676de6","dataCenterId":"b9d40f4b-f4e6-4690-893f-7951c9c32832","companyId":"0ed0d0e3-6e8b-4701-a812-f13221399dd4","externalName":"Google LLC","role":"financier","structureNotes":"backstops Fluidstack obligations; holds Google Warrants","createdAt":"2026-08-17T20:22:36.787Z","company":{"id":"0ed0d0e3-6e8b-4701-a812-f13221399dd4","name":"Google","slug":"google"}}],"capacityClaims":[{"id":"8997996f-86af-4298-8f7b-7417cfd879c6","dataCenterId":"b9d40f4b-f4e6-4690-893f-7951c9c32832","series":"contracted","valueGw":0.3,"asOf":"2025-12-31T00:00:00.000Z","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm","sourceType":"sec_filing","evidenceTier":"verified","supersedesId":null,"note":"300 gross MW to Fluidstack; 244 MW Phase I + 56 MW Phase II","createdAt":"2026-08-17T20:22:33.644Z"},{"id":"0922fd9d-50f1-468b-90a1-0154c1c586df","dataCenterId":"b9d40f4b-f4e6-4690-893f-7951c9c32832","series":"contracted","valueGw":0.207,"asOf":"2025-11-20T00:00:00.000Z","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1819989/000181998925000110/ciphermining_businessupd.htm","sourceType":"earnings_call","evidenceTier":"reported","supersedesId":null,"note":"Critical IT load raised from 168 MW to 207 MW per company disclosure","createdAt":"2026-08-17T20:22:34.492Z"}],"financialClaims":[{"id":"7b1cd005-408a-45b2-91dd-86ff4e6cea55","dataCenterId":"b9d40f4b-f4e6-4690-893f-7951c9c32832","kind":"incentive","label":"Google lease-obligation backstop","valueUsd":"333000000","capUsd":null,"conditions":"Google backstops Fluidstack's lease obligations to support project-related debt for the Barber Lake build-out.","asOf":"2025-11-01T00:00:00.000Z","sourceUrl":"https://www.globenewswire.com/news-release/2025/11/20/3191801/0/en/Cipher-Mining-Signs-Additional-56-MW-10-Year-AI-Hosting-Agreement-with-Fluidstack.html","sourceType":"press_release","evidenceTier":"verified","createdAt":"2026-08-19T01:34:25.574Z"}],"metricClaims":[],"powerProjects":[{"id":"2b853ec0-5add-436a-be4f-2f44f6f6484c","dataCenterId":"b9d40f4b-f4e6-4690-893f-7951c9c32832","name":"Barber Lake substation (Luminant/Vistra interconnection facilities)","type":"grid_interconnect","capacityGw":0.3,"lifecycleState":"energized","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm","evidenceTier":"verified","note":"300 MW ERCOT interconnection approved without load-profile restriction; 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