secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000950170-23-060676
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher posts Q3 GAAP loss $0.07/share, non-GAAP profit $0.02; buys Black Pearl site and S21 rigs
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- Q3 GAAP diluted loss $0.07/share; non-GAAP diluted net income $0.02/share.
- Completed Odessa data center; self-mining capacity reached 7.2 EH/s.
- Purchased 1.2 EH/s of Bitmain S21 rigs for $14/TH, net $16.8M after coupons; deliveries Jan-Jun 2024.
- Agreed to acquire Black Pearl Texas site with up to 300 MW ERCOT interconnection; $7M in stock; close by end-2023.
- Lease up to 50 years; up to $6.3M collateral to Oncor if 135MW energized by May 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000095017023060676/0000950170-23-060676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000095017023060676/cifr-20231108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-060676

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer