445MW power deployment target by end of H1 2023
Company: Cipher Mining
What the later record shows
Delivered late
As of July 31, 2024 Cipher was using about 310 MW, well short of 445MW and a year after the H1 2023 target. An August 2025 update reports 477 MW of operating capacity including JV capacity.
“As of July 31, 2024, we operated an aggregate hashrate capacity of approximately 10.6 EH/s, utilizing approximately 310 MW of electricity”
2024-08-12 · Cipher Mining 10-Q filed 2024-08-13 View cached copy (2026-08-31)Live source ↗
“477 MW Operating Capacity Including JV Capacity CURRENT OPERATIONS ~16.8 EH/s Q2 2025”
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
Plan to deploy approximately 445MW of electrical power to mining operations by end of first half of 2023
Source (primary)
Cipher Mining 10-K filed 2022-03-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “plan to deploy approximately 445MW of electrical power to mining operations by the end of the first half of 2023”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The 10-K states this deployment plan, including the amount and the target date.
Confirmed in the source:
- Cipher planned to deploy approximately 445MW of electrical power to mining operations by the end of the first half of 2023
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: “plan to deploy approximately 445MW of electrical power to mining operations by the end of the first half of 2023”
confirms Cipher Mining 10-Q filed 2024-08-13
Quote: “As of July 31, 2024, we operated an aggregate hashrate capacity of approximately 10.6 EH/s, utilizing approximately 310 MW of electricity”
confirms cipher-mining 8-K exhibit (ciphermining_businessupd.htm)
Quote: “477 MW Operating Capacity Including JV Capacity CURRENT OPERATIONS ~16.8 EH/s Q2 2025”