Power and joint venture agreements for mining operations
Company: Cipher Mining
The claim, verbatim
Entered into power agreements and joint venture agreements providing access for at least five years to electricity at an average cost of approximately 2.7 cents per kilowatt-hour
Source (primary)
Cipher Mining 424B5 filed 2022-10-07 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “In connection with our planned buildout, we entered into a number of power agreements and joint venture agreements, all of which, together, are expected to cover at least four sites where we expect to begin our buildout. Pursuant to these agreements, we expect to have access, for at least five years, to an average cost of electricity of approximately 2.7 c/kWh.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the power and joint venture agreements provide expected access for at least five years to electricity at approximately 2.7 c/kWh.
Confirmed in the source:
- Cipher entered into power agreements and joint venture agreements
- the agreements are expected to provide access for at least five years
- the expected average cost of electricity is approximately 2.7 cents per kilowatt-hour
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312522259585/d385422d424b5.htm) in full (164,451 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 424B5 filed 2022-10-07
Quote: “In connection with our planned buildout, we entered into a number of power agreements and joint venture agreements, all of which, together, are expected to cover at least four sites where we expect to begin our buildout. Pursuant to these agreements, we expect to have access, for at least five years, to an average cost of electricity of approximately 2.7 c/kWh.”