jain.com
The Analysis · Companies · People · Methodology

Option to acquire three additional sites

Company: Cipher Mining

Subject kind
acquisition
Statement date
2025-02-24
Promised by
2027-02-28
Promised amount
500.0 MW
Current status
stated

The claim, verbatim

Acquired right to purchase three sites in West and North Texas, each with targeted capacity of up to 500 MW, exercisable within 24 months

Source (primary)

Cipher Mining 10-K filed 2025-02-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “In October 2024, we acquired the right to purchase three sites in West and North Texas, each with a targeted capacity of up to 500 MW. We will be able to exercise the option in the next 24 months”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000181998925000005/cifr-20241231.htm) in full (492,885 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Cipher Mining 10-K filed 2025-02-25

Quote: “In October 2024, we acquired the right to purchase three sites in West and North Texas, each with a targeted capacity of up to 500 MW. We will be able to exercise the option in the next 24 months”

View cached copy (2026-08-31)Live source ↗