$232.5 million reimbursement for Black Pearl equity contributions
Company: Cipher Mining - Project: Black Pearl Facility
The claim, verbatim
Net proceeds will be used to reimburse Cipher approximately $232.5 million for prior equity contributions to Cipher Black Pearl LLC for capital expenditures relating to 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: “(2) to reimburse Cipher approximately $232.5 million for its prior equity contributions to Cipher Black Pearl LLC ("Cipher Black Pearl"), a wholly-owned direct subsidiary of the Issuer, used to fund capital expenditures relating to 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 states the issuer intends to use net proceeds to reimburse Cipher about $232.5 million for prior equity contributions to Cipher Black Pearl LLC used for Black Pearl Facility capital expenditures.
Confirmed in the source:
- Net proceeds are intended to reimburse Cipher approximately $232.5 million
- The reimbursement is for Cipher's prior equity contributions to Cipher Black Pearl LLC
- Those equity contributions were used to fund capital expenditures relating to 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: “(2) to reimburse Cipher approximately $232.5 million for its prior equity contributions to Cipher Black Pearl LLC ("Cipher Black Pearl"), a wholly-owned direct subsidiary of the Issuer, used to fund capital expenditures relating to the Black Pearl Facility”