Power and Hosting Agreements with Electricity Cost
Company: Cipher Mining
The claim, verbatim
Cipher entered into separate power and hosting agreements with Standard Power, WindHQ, and Luminant to cover data center sites, providing access for at least five years to electricity at an average cost of approximately 2.7 cents per kilowatt-hour
Source (primary)
Cipher Mining 10-K filed 2022-03-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “we entered into the Standard Power Hosting Agreement, the WindHQ Joint Venture Agreement and the Luminant Power Agreement, all of which, together, are expected to cover sites for our data centers... 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 part of this claim, but not all of it.
The filing confirms the three agreements and the 2.7 c/kWh, five-year figure. However, it frames site coverage and the electricity cost as expectations, not as established terms the agreements provide.
Confirmed in the source:
- Cipher entered into separate power and hosting arrangements with Standard Power, WindHQ and Luminant
- These agreements were expected to cover the sites for Cipher's data centers
- Cipher expected these agreements to give it access, for at least five years, to electricity at an average cost of approximately 2.7 cents per kWh
We could not confirm this from the cited source:
- That the agreements actually provide five-year access to electricity at approximately 2.7 cents per kWh; the filing presents this only as Cipher's expectation
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “we entered into the Standard Power Hosting Agreement, the WindHQ Joint Venture Agreement and the Luminant Power Agreement, all of which, together, are expected to cover sites for our data centers... 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.”