Black Pearl energization 2Q 2025
Company: Cipher Mining
What the later record shows
Partly delivered · happened June 30, 2025
Only Phase I (150 MW) of Black Pearl was energized, on schedule in Q2 2025. The other 150 MW was re-planned as Phase II for HPC, and the site is now being rebuilt as a 300 MW HPC facility for Amazon.
“Phase I – 150 MW – Construction and energization completed on schedule in Q2 2025”
2025-08-06 · cipher-mining 8-K exhibit (ciphermining_businessupd.htm) View cached copy (2026-10-08)Live source ↗
“New strategic plan at Black Pearl Phase II enables 150 MW of capacity designed to support both hydro BTC mining and HPC workloads”
2025-08-06 · cipher-mining 8-K exhibit (ciphermining_businessupd.htm) View cached copy (2026-10-08)Live source ↗
Checked October 30, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Energization of the 300 MW Black Pearl site is expected in the second quarter of 2025.
Source (primary)
cipher-mining 8-K exhibit (cifr-ex99_2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-30)Live source ↗
Quote: “300 MW Total Power Capacity Energization expected in 2Q 2025”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms cipher-mining 8-K exhibit (cifr-ex99_2.htm)
Quote: “300 MW Total Power Capacity Energization expected in 2Q 2025”