Cipher Digital Inc. · NASDAQ:CIFR
Cipher Digital — Cipher Mining — Investor Presentation (September 2025)
6 slides from Cipher Digital's investor presentation, Sep 25, 2025
Slide 1: Cipher Mining Signs Hosting Agreement with Fluidstack
Cipher Mining Signs Hosting Agreement with Fluidstack SEPTEMBER 25, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in
Slide 3: Transaction Overview
Transaction Overview Cipher Mining Signs a 10-Year Lease for AI / HPC Hosting with Fluidstack at Barber Lake 168 MW 244 MW ~$3.0Bn 10 Years Critical IT Load Gross Capacity at Minimum Contract Base Lease Term Under Contract Barber Lake Value Two 80%-85% Oct. 2026 ~$9-11MM 5-Year Expected NOI Lease St
Slide 4: Compelling Strategic and Financial Rationale
Compelling Strategic and Financial Rationale Total Pro Forma MW Mix (1) Signals Cipher’s arrival as a credible player in the 1 premium AI/HPC infrastructure ecosystem AI/HPC Diversifies revenue with expected steady, ~37% 2 predictable, recurring, long-term revenue with high margins ~660MW(1) Strengt
Slide 5: Executing on Cipher's AI / HPC Strategy via Notable Transaction
Executing on Cipher’s AI / HPC Strategy via Notable Transaction ~2.4 GW Pipeline ✓ We believe Cipher is well positioned to meet surging AI demand with 7 sites suitable for HPC workloads Growth of AI/HPC Dual Track Monetization Data Centers ✓ Poised to earn attractive Bitcoin mining returns with lowe
Slide 6: Cipher's Differentiated Asset Portfolio Well Suited for AI Data Centers
Amarillo Cipher’s Differentiated Asset Portfolio 40 MW Alborz Well Suited for AI Data Centers 40 MW Alborz Gross: 244 MW IT: 168 MW 100 MW Stingray Operational 100 MW Stingray 40 MW Dallas Bear Phase I: 300 MW Phase I: 300 MW 477 MW(1) 107 Acres 40 MW Chief Phase II: 500 MW Bear Phase II: 500Lake Ba
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