secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0000950170-23-045092
Event type: litigation
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Mining settles legal proceeding with Luminant, amends power purchase and lease agreements for Odessa facility
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- Cipher Mining entered into a Fourth Amendment to the Power Purchase Agreement with Luminant ET Services, reducing notice requirements for energy consumption changes from two hours to ten minutes.
- A Second Amendment to the Lease Agreement extends the initial lease term for the Odessa Facility land through July 2027.
- The amendments were executed on August 23, 2023, in connection with the settlement of a legal proceeding with Luminant ET Services Company LLC.
- The Amended PPA allows Cipher to consume up to 10% more energy than the elected quantity without additional notice, subject to certain pricing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000095017023045092/0000950170-23-045092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000095017023045092/cifr-20230823.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-045092

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