Collateral posting to Oncor Electric Delivery Company
Company: Cipher Mining - Project: Black Pearl Facility
The claim, verbatim
Expected to deliver up to $6.3 million as collateral to Oncor Electric Delivery Company by end of December 2023, contingent on Black Pearl transaction closing, with return dependent on energizing 135 MW by May 15, 2026
Source (primary)
Cipher Mining 424B5 filed 2023-11-08 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “If the closing date under the Purchase and Sale Agreement occurs before the end of December 2023, we expect to deliver to Oncor Electric Delivery Company LLC ("Oncor") up to $6.3 million as collateral that Oncor will be obligated to return to us provided that we energize at least 135MW at the Black Pearl Facility by May 15, 2026”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Cipher Mining 424B5 filed 2023-11-08
Quote: “If the closing date under the Purchase and Sale Agreement occurs before the end of December 2023, we expect to deliver to Oncor Electric Delivery Company LLC ("Oncor") up to $6.3 million as collateral that Oncor will be obligated to return to us provided that we energize at least 135MW at the Black Pearl Facility by May 15, 2026”