Bear and Chief JV 30 MW expansions
Company: Cipher Mining - Project: Chief Facility
What the later record shows
Delivered; the record does not say when
Both JV sites went from 10 MW to 40 MW during 2024, per the FY2024 10-K. The passages give only the year, so on-time delivery by Q2 2024 cannot be confirmed.
“The Chief Facility was expanded from 10 MW to 40 MW in 2024. It is capable of hashing at a rate of up to approximately 1.6 EH/s.”
2025-02-24 · Cipher Mining 10-K filed 2025-02-25 View cached copy (2026-08-31)Live source ↗
“The Bear Facility was expanded in 2024 from 10 MW to 40 MW. It is capable of hashing at a rate of up to approximately 1.6 EH/s.”
2025-02-24 · Cipher Mining 10-K filed 2025-02-25 View cached copy (2026-08-31)Live source ↗
Checked November 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Cipher said 30 MW expansions at each of the Bear and Chief joint-venture data centers, adding about 1.25 EH/s of self-mining capacity, were on track for deployment in Q2 2024.
Source (primary)
cipher-mining 8-K exhibit (cifr-ex99_2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-09)Live source ↗
Quote: “30 MW expansion at each of Bear and Chief JV data centers delivering ~1.25 EH/s of self-mining capacity on track for Q2 2024 deployment”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
Cipher's March 2024 presentation states the size of the expansions, the added capacity, and the Q2 2024 deployment target.
Confirmed in the source:
- Cipher described a 30 MW expansion at each of the Bear and Chief joint-venture data centers.
- Cipher said the expansions would deliver about 1.25 EH/s of self-mining capacity.
- Cipher said the expansions were on track for deployment in Q2 2024.
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000095017024025393/cifr-ex99_2.htm) in full (20,368 characters, retrieved November 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (cifr-ex99_2.htm)
Quote: “30 MW expansion at each of Bear and Chief JV data centers delivering ~1.25 EH/s of self-mining capacity on track for Q2 2024 deployment”
confirms Cipher Mining 10-K filed 2025-02-25
Quote: “The Chief Facility was expanded from 10 MW to 40 MW in 2024. It is capable of hashing at a rate of up to approximately 1.6 EH/s.”