📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Cipher Digital(CIFR.US) Cipher

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Cipher Digital(CIFR.US) Cipher Digital Accelerates Black Pearl Data Center Delivery, Secures New 900 MW Site

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗖𝗶𝗽𝗵𝗲𝗿 delivered initial 𝗕𝗹𝗮𝗰𝗸 𝗣𝗲𝗮𝗿𝗹 data center capacity ahead of schedule.

➤ Rent has commenced after delivery accelerated by 𝟮 𝗺𝗼𝗻𝘁𝗵𝘀.

➤ Company secured an option for the 𝟵𝟬𝟬 𝗠𝗪 Apollo site near San Antonio.

➤ Apollo spans approximately 𝟮𝟴𝟴 𝗮𝗰𝗿𝗲𝘀 and entered ERCOT's Batch Zero process.

➤ Cipher completed financing to fully fund the 𝗦𝘁𝗶𝗻𝗴𝗿𝗮𝘆 data center development.

➤ Financing reimbursed $𝟱𝟲.𝟳 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 of previously funded project costs.

➤ Q2 revenue totaled $𝟮𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Adjusted EBITDA was -$𝟯𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 in Q2 2026.

➤ Barber Lake and Stingray data center developments remain on schedule.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Earlier Black Pearl delivery accelerates rental revenue generation.

➤ New 𝟵𝟬𝟬 𝗠𝗪 site significantly expands Cipher's AI data center pipeline.

➤ Project financing strengthens funding visibility for future HPC expansion.

➤ Reinforces growing hyperscaler demand for AI-ready data center capacity.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗧𝘆𝗹𝗲𝗿 𝗣𝗮𝗴𝗲, Chief Executive Officer:

“We are proud to have delivered our first HPC data center capacity ahead of schedule and announce that rent has commenced at the site. This accelerated delivery proves we can execute at scale, with speed, and without compromise in a challenging environment. As we continue to acquire new sites and sign new deals, our foundation of disciplined execution is what truly sets us apart.”

𝗧𝘆𝗹𝗲𝗿 𝗣𝗮𝗴𝗲, Chief Executive Officer:

“A core strength of our strategy is its repeatability, and in the second quarter, we demonstrated that once again. We accessed capital markets to fund another one of our leases, secured an option on a new site, and delivered accelerated capacity to our tenant, further building our position as a leading HPC development platform. We look forward to carrying this momentum into the third quarter, where we expect to make significant additional progress.”