Luminant cash payment for PPA modification
Company: Cipher Mining - Project: Odessa Facility
What the later record shows
Delivered; the record does not say when · happened September 30, 2022
A later 10-Q confirms Luminant paid $5.1 million to CMTI in September 2022 under the Third Amendment. It gives only the month, so it cannot tell whether the payment met the September 10 deadline.
“the sum of $ 5.1 million paid to CMTI in September 2022 pursuant to a contractual provision requiring such payment in the parties’ written and executed August 25, 2022 Third Amendment to the Luminant Power Agreement”
2024-05-06 · Cipher Mining 10-Q filed 2024-05-07 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
Luminant will pay Cipher Mining $5.056 million in cash by September 10, 2022 as consideration for a modification to the power purchase agreement ramp up schedule
Source (primary)
Cipher Mining 8-K filed 2022-09-01 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Amended Agreement provides that on or before September 10, 2022, Luminant will pay Cipher $5.056 million in cash as consideration for a modification to the ramp up schedule, as described in the Amended Agreement.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states that under the Third Amendment to its power purchase agreement, Luminant will pay Cipher $5.056 million in cash on or before September 10, 2022 as consideration for modifying the ramp up schedule.
Confirmed in the source:
- Luminant will pay Cipher $5.056 million in cash
- Payment is due on or before September 10, 2022
- The payment is consideration for a modification to the ramp up schedule
- The ramp up schedule modification is made under the power purchase agreement (via the Third Amendment to the Power Purchase Agreement with Luminant)
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312522236504/d395396d8k.htm) in full (4,082 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 8-K filed 2022-09-01
Quote: “The Amended Agreement provides that on or before September 10, 2022, Luminant will pay Cipher $5.056 million in cash as consideration for a modification to the ramp up schedule, as described in the Amended Agreement.”
confirms Cipher Mining 10-Q filed 2024-05-07
Quote: “the sum of $ 5.1 million paid to CMTI in September 2022 pursuant to a contractual provision requiring such payment in the parties’ written and executed August 25, 2022 Third Amendment to the Luminant Power Agreement”