secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2026-08-04T11:37:42+00:00
Accession:  0001819989-26-000038
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Digital accelerates Black Pearl delivery, secures option for 900 MW Apollo site, Q2 revenue $25M
--------------------------------------------------------------------------------

- Black Pearl data center capacity delivered in August, two months ahead of schedule; rent commenced.
- Acquired option for Apollo site near San Antonio, up to 900 MW, 288 acres, submitted to ERCOT.
- Completed bond offering fully funding Stingray development; reimbursed $56.7M in prior expenditures.
- Q2 2026 revenue $25M, Adjusted EBITDA negative $30M.
- Barber Lake tenant commenced beneficial use; Black Pearl Phase I MEP fit-out and Phase II foundations in progress.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/0001819989-26-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cifr-20260804.htm
  HTML page:      https://secwatch.observer/filing/0001819989-26-000038

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