Mining operations launch and site readiness milestones
Company: Cipher Mining
What the later record shows
Delivered; the record does not say when
By 2025 all of Cipher's original sites (Odessa plus three JV sites) were operating. No passage dates the power and infrastructure readiness of the two additional sites.
“have equity investments in three partially-owned 40 MW bitcoin mining data centers”
2025-08-06 · Cipher Mining 10-Q filed 2025-08-07 View cached copy (2026-08-31)Live source ↗
“Reflects reconciled combined electricity cost from Q2 2025 of Odessa, Alborz, Bear & Chief, including TDU charges”
2025-08-06 · cipher-mining 8-K exhibit (ciphermining_businessupd.htm) View cached copy (2026-10-08)Live source ↗
Checked November 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Mining operations began at one site in February 2022, with power and infrastructure readiness at two additional mining sites planned by end of March 2022
Source (primary)
Cipher Mining 10-K filed 2022-03-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “mining operations beginning at one site in February 2022 and with power and infrastructure readiness at two of our other mining sites planned by the end of March 2022”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The 10-K states both the February 2022 start at one site and the planned March 2022 readiness at two other sites.
Confirmed in the source:
- Mining operations began at one Cipher site in February 2022
- Power and infrastructure readiness at two other Cipher mining sites was planned by the end of March 2022
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000095017022002861/cifr-20211231.htm) in full (509,143 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-K filed 2022-03-04
Quote: “mining operations beginning at one site in February 2022 and with power and infrastructure readiness at two of our other mining sites planned by the end of March 2022”
confirms Cipher Mining 10-Q filed 2025-08-07
Quote: “have equity investments in three partially-owned 40 MW bitcoin mining data centers”
confirms cipher-mining 8-K exhibit (ciphermining_businessupd.htm)
Quote: “Reflects reconciled combined electricity cost from Q2 2025 of Odessa, Alborz, Bear & Chief, including TDU charges”