Average electricity cost 2.7 cents/kWh for at least 5 years
Company: Cipher Mining
The claim, verbatim
expects to have access for at least five years to an average cost of electricity of approximately 2.7 cents/kWh pursuant to power and hosting agreements
Source (primary)
Cipher Mining 10-K filed 2022-03-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “Pursuant to these agreements, we expect to have access, for at least five years, to an average cost of electricity of approximately 2.7 c/kWh”
How we checked this
Checked on September 29, 2026. The cited source supports every part of this claim.
The 10-K says that under its power and hosting agreements Cipher expects to have access, for at least five years, to an average electricity cost of about 2.7 c/kWh.
Confirmed in the source:
- Cipher expects access to an average electricity cost of approximately 2.7 c/kWh
- This expected access runs for at least five years
- The expectation is based on Cipher's power and hosting agreements (Standard Power, WindHQ and Luminant)
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: “Pursuant to these agreements, we expect to have access, for at least five years, to an average cost of electricity of approximately 2.7 c/kWh”