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Cipher Black Pearl AI Data Center Campus

Wink, Texas, United StatesPartially operational
Evidence
Contracted
300 MW
Updated
Oct 28, 2026

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.

Capacity

Reported capacity

Actual

300 MW

Source

Operating IT capacity: Not established in published records

A missing figure does not mean zero. Planned, utility and generation figures are not operating IT capacity.

Development

Operating and expansion programPartially operational

Project-wide phase for Cipher Black Pearl AI Data Center Campus; capacity remains classified as contracted supply.

Milestones (2)
Black Pearl project status and capacity disclosed

Aug 10, 2026 · Recorded actual event

Completed · Announced

Source not linked
Initial tenant capacity delivered; remaining phases under construction

Date not disclosed · Forecast / planned record

Forecast · Forecast completion

Source not linked

Participants

Amazon Web Services

Tenant

Sources by role
Tenant (1)
Cipher Digital

Developer

Sources by role
Developer (1)

Capital & incentives

Financing records

Debt financing

$2bn

Feb 1, 2026

Black Pearl construction through substantial completion.

Parties & sources

Cipher Digital (Sponsor)

Sources (2)

Site & development

Location context

Actual

Black Pearl campus | Wink | Winkler County | Texas

Source

Development scale

Actual

300 MW gross contracted campus capacity

Source

Development milestone

Actual

First tenant capacity delivered in August 2026

Source

Technical specifications

Power arrangement

Actual

Remaining phases under construction.

Source

Additional project facts

Lifecycle status

Actual

Partially operational

Source

Capacity basis

Actual

Cipher identifies 300 MW of gross contracted HPC capacity at Black Pearl.

Source

Boundary context

Actual

Black Pearl campus | Wink | Winkler County | Texas

Source

Infrastructure & permits

Technical details (2)
Electric grid

Partially operational

300 MW

Cipher identifies 300 MW of gross contracted HPC capacity at Black Pearl.

Site facility

Partially operational

Grid-powered campus with air- and liquid-cooled data halls.

Public-source research. Plans may change. See Evidence for sources and qualifications.

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