Cost reimbursement framework for Barber Lake Facility ($359.3M cost cap)
Company: Cipher Mining
The claim, verbatim
Company, Fluidstack, and leading AI lab established cost reimbursement framework where Company bears first $359.3 million of costs in excess of initial budget, with tenants reimbursing 50% of any costs above that amount over 20-year aggregate term
Source (primary)
Cipher Mining 8-K filed 2026-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-26)Live source ↗
Quote: “the Company, Fluidstack and the leading AI lab established a cost reimbursement framework, pursuant to which the Company will bear the first $359.3 million of costs in excess of the initial budgeted amount under the Barber Lake Lease. The tenant will reimburse the Company over the aggregate twenty-year term for 50% of any such costs above that amount”
How we checked this
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Additional evidence
confirms Cipher Mining 8-K filed 2026-09-25
Quote: “the Company, Fluidstack and the leading AI lab established a cost reimbursement framework, pursuant to which the Company will bear the first $359.3 million of costs in excess of the initial budgeted amount under the Barber Lake Lease. The tenant will reimburse the Company over the aggregate twenty-year term for 50% of any such costs above that amount”