Black Pearl data center facility lease and asset acquisition
Company: Cipher Mining
The claim, verbatim
Acquiring lease and related assets for minimum 50-acre property in Winkler County, Texas with 10-year initial term plus four 10-year renewal options and ERCOT approval for up to 300 MW energy consumption
Source (primary)
Cipher Mining 424B5 filed 2023-11-08 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On November 6, 2023, we and our wholly-owned subsidiary, Cipher Black Pearl LLC, entered into the Purchase and Sale Agreement with Trinity Mining Group, Inc. ("Trinity") to purchase a data center lease (the "Lease") related to certain tracts or parcels of land containing at least 50 acres of land located in Winkler County, Texas... The Lease has an initial term of ten years, and we have four consecutive options to renew for periods of ten years each... an approval from the Electric Reliability Council of Texas ("ERCOT") conditionally approving up to 300 MW of energy consumption at the interconnection point of the Leased Property”
How we checked this
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Additional evidence
confirms Cipher Mining 424B5 filed 2023-11-08
Quote: “On November 6, 2023, we and our wholly-owned subsidiary, Cipher Black Pearl LLC, entered into the Purchase and Sale Agreement with Trinity Mining Group, Inc. ("Trinity") to purchase a data center lease (the "Lease") related to certain tracts or parcels of land containing at least 50 acres of land located in Winkler County, Texas... The Lease has an initial term of ten years, and we have four consecutive options to renew for periods of ten years each... an approval from the Electric Reliability Council of Texas ("ERCOT") conditionally approving up to 300 MW of energy consumption at the interconnection point of the Leased Property”