Cipher Compute 2 year 1 operating expenses
Company: Cipher Mining - Project: Barber Lake Facility
The claim, verbatim
Year 1 operating expenses including operational costs, property taxes, and insurance are projected at approximately $45 million, escalating at 3% annually
Source (primary)
cipher-mining 8-K exhibit (dp237633_ex9902.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-25)Live source ↗
Quote: “Opex (consisting of operational expenses, property taxes, and insurance) of ~$45MM in year 1, escalating at 3% per annum”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The model assumptions state opex of about $45MM in year 1 covering operational expenses, property taxes and insurance, escalating at 3% per annum. The financial summary also shows year-1 opex of (45).
Confirmed in the source:
- Year 1 opex, consisting of operational expenses, property taxes and insurance, is projected at approximately $45 million
- Opex is assumed to escalate at 3% per year
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_ex9902.htm) in full (12,658 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (dp237633_ex9902.htm)
Quote: “Opex (consisting of operational expenses, property taxes, and insurance) of ~$45MM in year 1, escalating at 3% per annum”