Luminant Power Agreement take-or-pay obligation
Company: Cipher Mining - Project: Odessa Facility
The claim, verbatim
Obligated to accept and pay for at least 66.7% of 207 MW capacity annually under Luminant agreement
Source (primary)
Cipher Mining 10-K filed 2023-03-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Luminant Power Agreement provides for a take or pay arrangement, whereby, Luminant will supply, and we are obligated to accept and pay for, a total electrical power capacity equal to at least 66.7% of the full 207 MW capacity each year”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document confirms the take-or-pay obligation of at least 66.7% of 207 MW annually.
Confirmed in the source:
- The Luminant agreement is a take-or-pay arrangement
- Cipher is obligated to accept and pay for at least 66.7% of the full 207 MW capacity each year
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000095017023007793/cifr-20221231.htm) in full (564,500 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-K filed 2023-03-14
Quote: “The Luminant Power Agreement provides for a take or pay arrangement, whereby, Luminant will supply, and we are obligated to accept and pay for, a total electrical power capacity equal to at least 66.7% of the full 207 MW capacity each year”