Black Pearl data center planned capacity
Company: Cipher Mining - Project: Black Pearl Facility
What the later record shows
Delivered late · happened September 30, 2025
The 300 MW Wink data center exists with 150 MW operational, but the 150 MW was reached by September 2025 rather than June 2025.
“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 ↗
“We commenced mining bitcoin at the Black Pearl data center in June 2025 and ramped up to 150 MW of capacity by September 2025.”
2026-02-23 · Cipher Mining 10-K filed 2026-02-24 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
Developing one 300 MW data center with plan to energize 150 MW of bitcoin mining in June 2025
Source (primary)
Cipher Mining 424B5 filed 2025-05-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “including one 300 MW data center at which we plan to energize 150 MW of bitcoin mining in June 2025”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The prospectus supplement says Cipher's Texas pipeline includes one 300 MW data center where it plans to energize 150 MW of bitcoin mining in June 2025.
Confirmed in the source:
- Cipher's development pipeline includes one 300 MW data center
- Cipher plans to energize 150 MW of bitcoin mining at that 300 MW data center in June 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312525124290/d876435d424b5.htm) in full (211,062 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
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”
confirms Cipher Mining 10-K filed 2026-02-24
Quote: “We commenced mining bitcoin at the Black Pearl data center in June 2025 and ramped up to 150 MW of capacity by September 2025.”