Average annualized NOI from contracted capacity
Company: Cipher Mining
The claim, verbatim
Cipher projects average annualized NOI of $843MM from contracted data center capacity, averaged from August 2026 through July 2041.
Source (primary)
cipher-mining 8-K exhibit (d134900dex991.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-14)Live source ↗
Quote: “$843 MM ... Avg. Annualized NOI”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The overview slide shows $843 MM Avg. Annualized NOI. Its footnote defines the figure as average monthly NOI from August 2026 to July 2041, multiplied by twelve. The non-GAAP section ties it to contracted data center capacity.
Confirmed in the source:
- Cipher reports average annualized NOI of $843MM
- The NOI measure relates to Cipher's contracted data center capacity
- The average covers August 2026 through July 2041, the end of the Black Pearl base lease term
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000119312526419743/d134900dex991.htm) in full (17,922 characters, retrieved October 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (d134900dex991.htm)
Quote: “$843 MM ... Avg. Annualized NOI”