Barber Lake HPC data center construction
Company: Cipher Mining - Project: Barber Lake Facility
The claim, verbatim
Net proceeds from the notes offering will be used to finance construction of the Barber Lake Facility, a high-performance computing data center near Colorado City, Texas
Source (primary)
cipher-mining 8-K exhibit (dp237015_ex9901.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “intends to use the net proceeds from the Offering to finance a portion of the construction cost of the Barber Lake Facility, a high-performance computing data center near Colorado City, Texas”
How we checked this
Checked on September 29, 2026. The cited source supports every part of this claim.
The press release says the issuer intends to use the net proceeds to finance construction of the Barber Lake Facility, an HPC data center near Colorado City, Texas. It specifies the proceeds will cover only a portion of the construction cost, and it describes this as an intended use, not a completed one.
Confirmed in the source:
- Cipher Compute LLC intends to use the net proceeds from its $1.4 billion notes offering to finance construction of 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/1819989/000095010325014401/dp237015_ex9901.htm) in full (6,969 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (dp237015_ex9901.htm)
Quote: “intends to use the net proceeds from the Offering to finance a portion of the construction cost of the Barber Lake Facility, a high-performance computing data center near Colorado City, Texas”