Additional facility energization May 2025
Company: Cipher Mining
What the later record shows
Delivered late · new target June 30, 2025
Two days after this claim, the company said the 150 MW energization at the 300 MW site was planned for June 2025. The August 2025 10-Q reports 150 MW operational at the 300 MW Black Pearl site in Wink, Texas.
“including one 300 MW data center at which we plan to energize 150 MW of bitcoin mining in June 2025.”
2025-05-21 · Cipher Mining 424B5 filed 2025-05-22 View cached copy (2026-08-31)Live source ↗
“a 300 MW data center in Wink, Texas, of which 150 MW is operational as a bitcoin mining data center”
2025-08-06 · Cipher Mining 10-Q filed 2025-08-07 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
One site in Texas pipeline expected to energize in May 2025
Source (primary)
Cipher Mining 424B5 filed 2025-05-20 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “We currently operate four bitcoin mining data centers and have a pipeline of seven additional sites in Texas, including one site expected to energize in May 2025.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The prospectus supplement says Cipher has a pipeline of seven additional Texas sites, including one expected to energize in May 2025.
Confirmed in the source:
- Cipher has a pipeline of seven additional sites in Texas
- One pipeline site in Texas was expected to energize in May 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312525123242/d876435d424b5.htm) in full (211,140 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 424B5 filed 2025-05-20
Quote: “We currently operate four bitcoin mining data centers and have a pipeline of seven additional sites in Texas, including one site expected to energize in May 2025.”
confirms Cipher Mining 424B5 filed 2025-05-22
Quote: “including one 300 MW data center at which we plan to energize 150 MW of bitcoin mining in June 2025.”
confirms Cipher Mining 10-Q filed 2025-08-07
Quote: “a 300 MW data center in Wink, Texas, of which 150 MW is operational as a bitcoin mining data center”