Google Recognition Agreement backstop
Company: Cipher Mining - Project: Barber Lake Facility
The claim, verbatim
Google has agreed to backstop certain obligations of Fluidstack under the Fluidstack Lease, and may assume the lease, pay termination fees with potential equity interest in Cipher Barber Lake, or pay unpaid rent during a deferral period in case of Fluidstack default or insolvency.
Source (primary)
Cipher Mining 8-K filed 2025-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Google has agreed to backstop (the "Google BackStop") certain obligations of Fluidstack under the Fluidstack Lease... Google will have the option to (i) pay all rent currently due under the Fluidstack Lease and assume the Fluidstack Lease as the tenant thereunder, (ii) under certain circumstances, pay a certain termination fee under the Fluidstack Lease; provided that upon payment of such termination fee, Google will be provided with an equity interest in Cipher Barber Lake, or (iii) under certain circumstances, defer its election of the foregoing options (i) and (ii) for a certain specified period, during which deferral period Google will pay all unpaid rent under the Fluidstack Lease”
How we checked this
Additional evidence
confirms Cipher Mining 8-K filed 2025-09-25
Quote: “Google has agreed to backstop (the "Google BackStop") certain obligations of Fluidstack under the Fluidstack Lease... Google will have the option to (i) pay all rent currently due under the Fluidstack Lease and assume the Fluidstack Lease as the tenant thereunder, (ii) under certain circumstances, pay a certain termination fee under the Fluidstack Lease; provided that upon payment of such termination fee, Google will be provided with an equity interest in Cipher Barber Lake, or (iii) under certain circumstances, defer its election of the foregoing options (i) and (ii) for a certain specified period, during which deferral period Google will pay all unpaid rent under the Fluidstack Lease”