ERCOT energy consumption approval for Black Pearl Facility
Company: Cipher Mining
What the later record shows
Delivered; the record does not say when
The 10-K filed in March 2024 states that Black Pearl holds conditional ERCOT interconnection approval of up to 300 MW. It does not say when the approval was acquired.
“The Black Pearl Facility has conditional ERCOT interconnection approval of up to 300 MW.”
2024-03-04 · Cipher Mining 10-K filed 2024-03-05 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
Acquiring conditional ERCOT approval for up to 300 MW of energy consumption at the Black Pearl Facility interconnection point
Source (primary)
Cipher Mining 424B5 filed 2023-11-08 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “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 (the "Purchased Assets")”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing lists among the purchased assets an ERCOT approval conditionally approving up to 300 MW at the interconnection point of the leased property planned for the Black Pearl Facility.
Confirmed in the source:
- The assets being acquired include an ERCOT approval
- The ERCOT approval conditionally approves up to 300 MW of energy consumption
- The approval applies at the interconnection point of the leased property where the Black Pearl Facility is to be built
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312523273313/d556672d424b5.htm) in full (157,109 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 424B5 filed 2023-11-08
Quote: “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 (the "Purchased Assets")”
confirms Cipher Mining 10-K filed 2024-03-05
Quote: “The Black Pearl Facility has conditional ERCOT interconnection approval of up to 300 MW.”