Cipher Digital stock falls 3% despite $9B lease extension at Texas data center

Cipher Digital extended its Barber Lake data center lease in Texas from 10 to 20 years, boosting contracted revenue to over $9 billion. Despite this, the stock dropped 3% as investors questioned the timing amid rising costs and execution risks. The company will cover initial cost overruns without new debt, but phased delivery and cost-sharing remain concerns. Market sentiment also dragged down related stocks TeraWulf and IREN Limited, reflecting cautious views on the digital infrastructure sector's capital demands and long-term contracts.

Despite Cipher Digital's lease extension news, its stock on Pluang trades at USD 16.07, down 2.70% as of Sep 30, 2026 23:32 WIB, showing investor caution. TeraWulf also declined 1.66% to USD 14.84, while both maintain significant market caps of $6.85B and $7.54B respectively. Pluang order activity favors buying for Cipher Digital at 59% and TeraWulf at 81%, indicating ongoing interest despite recent drops.