Black Pearl acquisition closing
Company: Cipher Mining - Project: Black Pearl Facility
What the later record shows
Delivered on time · happened December 8, 2023
Cipher entered into an agreement on December 8, 2023 to assume the Black Pearl lease and is described as having assumed it in December 2023, before the promised end-of-December date. The passages describe this as a lease assumption rather than using the word 'closing'.
“entered into an agreement with Trinity Mining Group, Inc. (“Trinity”) on December 8, 2023 to assume a lease for a 70 acre plot of land”
2025-02-24 · Cipher Mining 10-K filed 2025-02-25 View cached copy (2026-08-31)Live source ↗
“assumed a lease for an approximately 75 acre plot of land in Winkler County, Texas in December 2023”
2026-02-23 · Cipher Mining 10-K filed 2026-02-24 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Expects closing of Black Pearl purchase before end of December 2023
Source (primary)
Cipher Mining 8-K filed 2023-11-08 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company expects the closing date to occur before the end of December 2023”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states the Company expects the closing date to occur before the end of December 2023. It adds that closing is subject to conditions precedent, which is consistent with the claim's 'expects' wording.
Confirmed in the source:
- Cipher Mining expected the closing of the Black Pearl purchase to occur before the end of December 2023
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000095017023060676/cifr-20231108.htm) in full (9,266 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 8-K filed 2023-11-08
Quote: “the Company expects the closing date to occur before the end of December 2023”
confirms Cipher Mining 10-K filed 2025-02-25
Quote: “entered into an agreement with Trinity Mining Group, Inc. (“Trinity”) on December 8, 2023 to assume a lease for a 70 acre plot of land”
confirms Cipher Mining 10-K filed 2026-02-24
Quote: “assumed a lease for an approximately 75 acre plot of land in Winkler County, Texas in December 2023”