Odessa Facility 2023 miner expansion plan
Company: Cipher Mining - Project: Odessa Facility
What the later record shows
Delivered on time · happened May 4, 2023
Cipher bought 11,000 Canaan A1346 miners on May 4, 2023 (Canaan rather than the assumed M50 model) and installed them at Odessa before June 30, 2023. The 207 MW site's buildout was completed in September 2023, before the end-2023 target.
“On May 4, 2023, we entered into the Canaan Agreement with Canaan to purchase 11,000 new A1346 model miners, all of which were delivered prior to June 30, 2023 and have been installed at the Odessa Facility.”
2023-11-07 · Cipher Mining 10-Q filed 2023-11-08 View cached copy (2026-08-31)Live source ↗
“We began bitcoin mining operations on this site in November 2022 and completed the buildout of the site in September 2023.”
2024-03-04 · Cipher Mining 10-K filed 2024-03-05 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Purchase approximately 10,800 additional miners before end of 2023 to fully utilize 207 MW capacity
Source (primary)
Cipher Mining 10-K filed 2023-03-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “for which we could need to purchase approximately 10,800 additional miners, assuming MicroBT M50 mining rigs, to fully utilize the entire 207 MW under our power agreement to mine bitcoin. We anticipate purchasing additional miners to fill out that capacity before the end of 2023.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K supports this plan: about 10,800 more miners (assuming M50 rigs) to use the full 207 MW, with purchases anticipated before the end of 2023.
Confirmed in the source:
- Fully using the 207 MW Odessa capacity could require approximately 10,800 additional miners, assuming MicroBT M50 rigs
- Cipher anticipated purchasing additional miners to fill out that capacity before the end of 2023
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: “for which we could need to purchase approximately 10,800 additional miners, assuming MicroBT M50 mining rigs, to fully utilize the entire 207 MW under our power agreement to mine bitcoin. We anticipate purchasing additional miners to fill out that capacity before the end of 2023.”
confirms Cipher Mining 10-Q filed 2023-11-08
Quote: “On May 4, 2023, we entered into the Canaan Agreement with Canaan to purchase 11,000 new A1346 model miners, all of which were delivered prior to June 30, 2023 and have been installed at the Odessa Facility.”
confirms Cipher Mining 10-K filed 2024-03-05
Quote: “We began bitcoin mining operations on this site in November 2022 and completed the buildout of the site in September 2023.”