Cipher Black Pearl AI Data Center Campus

Cipher is converting Black Pearl into a contracted HPC campus. The first capacity was delivered to its tenant in August 2026 while remaining data halls continue through fit-out and construction. Cipher Digital and Amazon Web Services is publicly identified in the project record for Wink, Winkler County, TX, US. The disclosed development record includes 300 MW gross contracted campus capacity; first tenant capacity delivered in August 2026; remaining phases under construction. Power and infrastructure include grid-powered campus with air- and liquid-cooled data halls. Cipher identifies 300 MW of gross contracted HPC capacity at Black Pearl. Cipher reported a $2.0 billion high-yield bond financing supporting the contracted Black Pearl development.