Google lease for Cipher Compute 2
Company: Cipher Mining - Project: Barber Lake Facility
The claim, verbatim
Google is leasing capacity at the Cipher Compute 2 data center facility
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: “Google Lease Backstop Coverage Ratio”
How we checked this
Checked on September 27, 2026. The cited source supports part of this claim, but not all of it.
The only mention of Google is a line item titled 'Google Lease Backstop Coverage Ratio', which ties Google to a lease backstop. The document does not say Google is the lessee of the capacity, and it names the project 'Cipher Compute', not 'Cipher Compute 2'.
Confirmed in the source:
- Cipher's Cipher Compute financing model includes a 'Google Lease Backstop Coverage Ratio'
We could not confirm this from the cited source:
- Google itself is the tenant leasing capacity at the facility, rather than a party providing a backstop on a lease
- The facility is named 'Cipher Compute 2'
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “Google Lease Backstop Coverage Ratio”