$232.5 million reimbursement for Black Pearl facility equity contributions
Company: Cipher Mining - Project: Black Pearl Facility
The claim, verbatim
Offering proceeds will reimburse approximately $232.5 million for prior equity contributions to Cipher Black Pearl LLC used for Black Pearl Facility capital expenditures
Source (primary)
cipher-mining 8-K exhibit (dp240991_ex9902.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-20)Live source ↗
Quote: “to reimburse Cipher approximately $232.5 million for its prior equity contributions to Cipher Black Pearl LLC”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The release states that proceeds will reimburse Cipher about $232.5 million for prior equity contributions to Cipher Black Pearl LLC, which were used for Black Pearl Facility capital expenditures.
Confirmed in the source:
- Offering 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 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/1819989/000095010326001480/dp240991_ex9902.htm) in full (7,378 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (dp240991_ex9902.htm)
Quote: “to reimburse Cipher approximately $232.5 million for its prior equity contributions to Cipher Black Pearl LLC”