Cipher Digital advances AI data center projects, signs new lease, and secures $200M credit facility in Q1 2026

Cipher Digital reported strong progress in Q1 2026 with major development milestones at its Barber Lake and Black Pearl data centers, signing a third AI data center lease with a top-tier hyperscale tenant, and securing a $200 million revolving credit facility to boost liquidity. Revenue reached $35 million, though adjusted EBITDA showed a loss of $48 million, reflecting ongoing investments in growth. The company aims to solidify its position as a leading high-performance computing (HPC) data center developer, with projects on schedule and sufficient capital to support near-term needs.