Fortress JV financing term sheet for Barber Lake
Company: Cipher Mining - Project: Barber Lake Facility
The claim, verbatim
Cipher signed a term sheet with Fortress Credit Advisors LLC for Fortress to serve as the joint-venture financing partner for the Barber Lake data center.
Source (primary)
cipher-mining 8-K exhibit (exh991cifrmay6_earningsxpr.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-16)Live source ↗
Quote: “Signed term sheet with Fortress Credit Advisors LLC to serve as the JV financing partner at Barber Lake”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The release states Cipher signed a term sheet with Fortress Credit Advisors LLC to serve as the JV financing partner at Barber Lake. The CEO describes the project as a next-generation data center.
Confirmed in the source:
- Cipher signed a term sheet with Fortress Credit Advisors LLC
- Fortress is to serve as the joint-venture financing partner at Barber Lake
- Barber Lake is planned as a data center development
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000181998925000034/exh991cifrmay6_earningsxpr.htm) in full (15,860 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (exh991cifrmay6_earningsxpr.htm)
Quote: “Signed term sheet with Fortress Credit Advisors LLC to serve as the JV financing partner at Barber Lake”
confirms cipher-mining 8-K exhibit (exh992ciphermining_busin.htm)
Quote: “Signed joint venture term sheet with Fortress to secure financing for Barber Lake site”