{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-012168","form_type":"8-K","ticker":"CIFR","cik":"0001819989","company_name":"Cipher Digital Inc.","filed_at":"2025-09-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.125067+00:00","generated_at":"2026-05-17T05:41:39.428713+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Cipher Mining signs 168 MW AI hosting deal with Fluidstack; Google gets ~5.4% stake","bullets":["10-year HPC colocation agreement; 168 MW critical IT load at Barber Lake site in Texas; delivery by Sept 2026.","~$3B contracted revenue over initial term; ~$7B if two 5-year extensions exercised.","Google backstops $1.4B of Fluidstack lease obligations; receives warrants for ~24M shares (~5.4% pro forma stake).","Expected site NOI margin 80-85%; project cost $9-$11M per MW of critical IT load.","Cipher retains 100% project ownership and will fund build via capital markets."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-012168","json":"https://secwatch.observer/filing/0000950103-25-012168.json","markdown":"https://secwatch.observer/filing/0000950103-25-012168.md","text":"https://secwatch.observer/filing/0000950103-25-012168.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/0000950103-25-012168-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:41:39.428713+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bb7f00d7c3fa59d1162e376e9866cf47cdee11d8","claim":"Cipher Digital Inc. issued 24,178,576 shares of warrant to Google.","evidence_excerpt":"the Company issued to Google warrants (the “Warrants”) to purchase 24,178,576 shares (the “Warrant Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”), for an exercise price of $0.01 per share of Common Stock","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/0000950103-25-012168-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"24,178,576 shares"},{"label":"Purchaser","value":"Google"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}