Barber Lake facility cash flow commencement

Checked on September 15, 2026. The cited source supports part of this claim, but not all of it.

The filing describes Barber Lake cash-flow commencement only as a trigger for higher liquidity covenants. It does not state that the company expects cash flows to begin or give any timing.

Confirmed in the source:

• Commencement of cash flows at the Barber Lake facility would raise the minimum quarterly liquidity requirement from $100,000,000 to $150,000,000 (or to $200,000,000 if Black Pearl has also commenced)

We could not confirm this from the cited source:

• The company expects the Barber Lake facility to commence cash flows

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000095010326004609/dp244113_8k.htm) in full (8,127 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

confirms Cipher Mining 8-K filed 2026-03-25

Quote: “minimum Liquidity as of the last day of each fiscal quarter of not less than (i) $100,000,000, prior to the commencement of cash flows of either the Barber Lake facility or the Black Pearl facility, (ii) $150,000,000, after the commencement of cash flow of one but not both of the Barber Lake facility and the Black Pearl facility”

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