Michaela4m
$CIFR
Monday morning, before the open, $CIFR reports.
Here is what the street expects: about $40 million in revenue. Here is what Cipher actually is: $16.6 billion in contracted data center leases with Amazon and Fluidstack, Google backstopping the rent, against a $3.5 billion market cap.
This is the first quarter with lease rent in the numbers. Black Pearl started billing in August, two months ahead of schedule. Barber Lake, the $9 billion lease, started billing in October, and Monday is when they confirm it out loud.
The stock is down 53% in a month because the market prices the burn and refuses to price the contracts.
Monday the contracts start becoming cash, on paper, in a filing, where even the skeptics have to read them.
That is the whole thesis, arriving on schedule.
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