secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0000950170-23-069072
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000095017023069072/0000950170-23-069072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000095017023069072/cifr-20231208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-069072

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