Cipher Digital extended its Barber Lake data center lease from 10 to 20 years, boosting contracted revenue from $3.8B to over $9B through a new commitment from an unnamed AI lab. Oracle's Project Jupiter in New Mexico, a 2–2.45 GW facility, issued a force majeure notice highlighting risks around power infrastructure and financing timing, as the company faces negative free cash flow despite massive long-term obligations.
New Mexico has become the nation's leading pecan producer since 2018, with vast groves along the Rio Grande sustained by irrigation from the Elephant Butte Dam completed in 1916. However, pecan farming—the state's largest agricultural water user—consumes an estimated 93 billion gallons annually, straining water resources amid a 25-year drought affecting the region.