---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-069072"
form_type: "8-K"
ticker: "CIFR"
cik: "0001819989"
company_name: "Cipher Digital Inc."
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:41:51.874422+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-069072
- form_type: 8-K
- ticker: CIFR
- cik: 0001819989
- company_name: Cipher Digital Inc.
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819989/000095017023069072/0000950170-23-069072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819989/000095017023069072/cifr-20231208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-069072
- JSON: https://secwatch.observer/filing/0000950170-23-069072.json
- Plain text: https://secwatch.observer/filing/0000950170-23-069072.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.