Average annualized NOI from contracted capacity
Company: Cipher Mining
The claim, verbatim
Contracted HPC capacity expected to generate approximately $669 million average annualized NOI over base lease terms from October 2026 to September 2036
Source (primary)
cipher-mining 8-K exhibit (cipherdigital_businessup.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-13)Live source ↗
Quote: “~$669 MM Avg. Annualized NOI (1)... Reflects total average contracted annualized NOI from October 2026 to September 2036”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states '~$669 MM Avg. Annualized NOI' with a note that it reflects total average contracted annualized NOI from October 2026 to September 2036, and ties this to 600 MW contracted for HPC, establishing every assertion in the claim.
Confirmed in the source:
- Contracted capacity is expected to generate approximately $669 million average annualized NOI
- The NOI figure reflects the period from October 2026 to September 2036
- This period corresponds to the base lease term (the Fluidstack/Google base lease term)
- The contracted capacity relates to HPC
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm) in full (25,132 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (cipherdigital_businessup.htm)
Quote: “~$669 MM Avg. Annualized NOI (1)... Reflects total average contracted annualized NOI from October 2026 to September 2036”