Financing of Black Pearl Facility remaining construction costs
Company: Cipher Mining - Project: Black Pearl Facility
The claim, verbatim
Net proceeds will be used to finance the remaining cost of the Black Pearl Facility
Source (primary)
cipher-mining 8-K exhibit (dp241116_ex9901.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-20)Live source ↗
Quote: “(1) to finance the remaining cost of the Black Pearl Facility”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The press release lists financing the remaining cost of the Black Pearl Facility as the first intended use of net proceeds; it is stated as an intention, not a completed use.
Confirmed in the source:
- Net proceeds of the notes offering are intended to finance the remaining cost of the Black Pearl Facility
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000095010326001659/dp241116_ex9901.htm) in full (7,348 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (dp241116_ex9901.htm)
Quote: “(1) to finance the remaining cost of the Black Pearl Facility”