Convertible offering for Black Pearl Phase I
Company: Cipher Mining - Project: Black Pearl Facility
The claim, verbatim
Cipher completed a convertible offering raising ~$168m net proceeds to finalize funding for Black Pearl Phase I.
Source (primary)
cipher-mining 8-K exhibit (ciphermining_businessupd.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-08)Live source ↗
Quote: “Completed convertible offering raising net proceeds of ~$168m to finalize funding for Black Pearl Phase I”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The presentation states this directly in its second-quarter growth update.
Confirmed in the source:
- Cipher completed a convertible offering
- The convertible offering raised net proceeds of ~$168m
- The proceeds finalize funding for Black Pearl Phase I
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/ciphermining_businessupd.htm) in full (19,841 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (ciphermining_businessupd.htm)
Quote: “Completed convertible offering raising net proceeds of ~$168m to finalize funding for Black Pearl Phase I”