Cost reimbursement cap at Barber Lake
Company: Cipher Mining
The claim, verbatim
Cipher will bear the first $359.3 million of costs in excess of the initial budgeted amount, with the tenant reimbursing 50% of any costs above that threshold over the 20-year term
Source (primary)
cipher-mining 8-K exhibit (barberlakeleaseamendmentpr.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-26)Live source ↗
Quote: “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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms cipher-mining 8-K exhibit (barberlakeleaseamendmentpr.htm)
Quote: “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”