Net proceeds for Barber Lake Facility expansion construction
Company: Cipher Mining - Project: Barber Lake Facility
The claim, verbatim
Net proceeds will be used to finance a portion of construction costs for additional facilities within the Barber Lake Facility, a high-performance computing data center near Colorado City, Texas
Source (primary)
cipher-mining 8-K exhibit (dp237633_ex9903.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-25)Live source ↗
Quote: “The Issuer intends to use the net proceeds from the offering to finance a portion of the construction costs associated with additional facilities within the Barber Lake Facility, a high-performance computing data center near Colorado City, Texas”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The press release states the intended use of net proceeds exactly as the claim describes.
Confirmed in the source:
- Net proceeds from the offering are intended to finance a portion of construction costs
- The construction costs relate to additional facilities within the Barber Lake Facility
- The Barber Lake Facility is a high-performance computing data center near Colorado City, Texas
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_ex9903.htm) in full (7,936 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (dp237633_ex9903.htm)
Quote: “The Issuer intends to use the net proceeds from the offering to finance a portion of the construction costs associated with additional facilities within the Barber Lake Facility, a high-performance computing data center near Colorado City, Texas”