Cipher Mining closes acquisition of Black Pearl site in Texas for ~2.4M shares, up to 300 MW

Cipher Digital Inc.

Closed acquisition of Black Pearl, a new Texas ERCOT-approved site with interconnection up to 300 MW.
Purchase price paid via 2,397,424 shares of Cipher common stock; no cash component disclosed.
Site expected to come online in 2025; mining rig deployment to begin in approximately one year.
Transaction was announced on November 6, 2023; now closed as of December 8, 2023.
CEO Tyler Page says Black Pearl will be Cipher's largest site.

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