1 GW joint venture with AEP power agreement
Company: Cipher Mining
The claim, verbatim
Secured a 1 GW capacity site (Colchis) with fully executed Direct Connect Agreement with AEP for power delivery. Cipher expects to own approximately 95% of the joint venture equity. Transaction includes land purchase options up to 620 acres. Site expected to energize in 2028, pending ERCOT approval.
Source (primary)
cipher-mining 8-K exhibit (ciphermining_businessupd.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “Secured 1 GW Site Expected to Energize in 2028 • Cipher expects to own ~95% of joint venture equity assuming standard HPC lease and development assumptions • 1 GW of capacity supported by a signed Direct Connect Agreement with AEP – Anticipated power consumption in 2028 pending ERCOT approval • Transaction includes land purchase options of up to 620 acres”
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 (ciphermining_businessupd.htm)
Quote: “Secured 1 GW Site Expected to Energize in 2028 • Cipher expects to own ~95% of joint venture equity assuming standard HPC lease and development assumptions • 1 GW of capacity supported by a signed Direct Connect Agreement with AEP – Anticipated power consumption in 2028 pending ERCOT approval • Transaction includes land purchase options of up to 620 acres”