Luminant Power Agreement minimum annual capacity obligation
Company: Cipher Mining - Project: Odessa Facility
The claim, verbatim
Obligated to purchase minimum electrical power capacity equal to at least 66.7% of 207 MW (approximately 138 MW) each year at predetermined MWh rate
Source (primary)
Cipher Mining 10-K filed 2023-03-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “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 at a predetermined MWh rate.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document establishes the 66.7%-of-207-MW annual take-or-pay obligation at a predetermined rate, and the parenthetical ~138 MW is a trivial arithmetic restatement of those figures.
Confirmed in the source:
- Cipher is obligated to accept and pay for at least 66.7% of the full 207 MW Odessa capacity each year at a predetermined MWh rate
- The approximately 138 MW figure is a direct arithmetic derivation of 66.7% of 207 MW stated in the document
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: “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 at a predetermined MWh rate.”