Bear/Chief expansions and Black Pearl phase one fully funded
Company: Cipher Mining - Project: Black Pearl Facility
The claim, verbatim
Cipher states that the Bear and Chief expansions and the phase one build of Black Pearl are fully funded.
Source (primary)
cipher-mining 8-K exhibit (cifr-ex99_1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-09)Live source ↗
Quote: “via the fully funded expansions at our Bear and Chief data centers and over 16 EH/s in the first half of 2025 via the fully funded phase one build of our Black Pearl data center”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
Cipher's CEO uses the words fully funded for both the Bear and Chief expansions and the Black Pearl phase one build.
Confirmed in the source:
- Cipher describes the Bear and Chief expansions as fully funded
- Cipher describes the phase one build of Black Pearl as fully funded
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000095017024025393/cifr-ex99_1.htm) in full (14,946 characters, retrieved November 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (cifr-ex99_1.htm)
Quote: “via the fully funded expansions at our Bear and Chief data centers and over 16 EH/s in the first half of 2025 via the fully funded phase one build of our Black Pearl data center”