Cartis diligence evidence schedule
Cipher Black Pearl AI Data Center Campus
PRJ-0726 · Site · Wink, Texas, United States
Captured 2026-09-06T04:13:04.550Z · Record last updated 2026-08-27
SHA-256: 5e21929ebf62229408f68ae3b572cefb6cb759f6fc56993a0d8b071a7da8f9fd
Save a diligence baseline
Download the public evidence as it appears now. Compare a previously saved snapshot to see added, removed and changed claims, counterparties, financing and milestones. Files are read in this browser and are not uploaded.
The fingerprint detects file changes; it is not a digital signature or a claim of independently verified authenticity. Keep your downloaded copy with the transaction file.
Scope and capacity
Cipher is converting Black Pearl into a contracted HPC campus. The first capacity was delivered to its tenant in August 2026 while remaining data halls continue through fit-out and construction. Cipher Digital and Amazon Web Services is publicly identified in the project record for Wink, Winkler County, TX, US. The disclosed development record includes 300 MW gross contracted campus capacity; first tenant capacity delivered in August 2026; remaining phases under construction. Power and infrastructure include grid-powered campus with air- and liquid-cooled data halls. Cipher identifies 300 MW of gross contracted HPC capacity at Black Pearl. Cipher reported a $2.0 billion high-yield bond financing supporting the contracted Black Pearl development.
Headline: 300 MW Contracted
Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.
Claims and exhibit sources
Location Context · Black Pearl campus | Wink | Winkler County | Texas
actual · Cipher Black Pearl AI Data Center Campus (project)
Claim 58751 · Review: Approved · Claim date: Not published
- Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm - Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm
Lifecycle Status · Partially operational
actual · Cipher Black Pearl AI Data Center Campus (project)
Claim 58752 · Review: Approved · Claim date: Not published
- Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm - Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm
Reported Capacity · 300 MW
actual · Cipher Black Pearl AI Data Center Campus (project)
Claim 58753 · Review: Approved · Claim date: Not published
Headline treatment: Selected headline
- Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm - Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm
Capacity Basis · Cipher identifies 300 MW of gross contracted HPC capacity at Black Pearl.
actual · Cipher Black Pearl AI Data Center Campus (project)
Claim 58754 · Review: Approved · Claim date: Not published
- Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm - Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm
Development Scale · 300 MW gross contracted campus capacity
actual · Cipher Black Pearl AI Data Center Campus (project)
Claim 107564 · Review: Approved · Claim date: Not published
- Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm - Cipher Q4 2025 business update
Cipher Digital · Document date: 2026-02-01 · Corroborating
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm
Development Milestone · First tenant capacity delivered in August 2026
actual · Cipher Black Pearl AI Data Center Campus (project)
Claim 107565 · Review: Approved · Claim date: Not published
- Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm - Cipher Q4 2025 business update
Cipher Digital · Document date: 2026-02-01 · Corroborating
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm
Power Arrangement · Remaining phases under construction.
actual · Cipher Black Pearl AI Data Center Campus (project)
Claim 107566 · Review: Approved · Claim date: Not published
- Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm - Cipher Q4 2025 business update
Cipher Digital · Document date: 2026-02-01 · Corroborating
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm
Boundary Context · Black Pearl campus | Wink | Winkler County | Texas
actual · Cipher Black Pearl AI Data Center Campus (project)
Claim 107567 · Review: Approved · Claim date: Not published
- Cipher Digital Q2 2026 business update
Cipher Digital · Document date: 2026-08-10 · Primary
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm - Cipher Q4 2025 business update
Cipher Digital · Document date: 2026-02-01 · Corroborating
https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm
Counterparties and capital
Amazon Web Services · Tenant · CMP-0152
Cipher Digital · Developer · CMP-1462
$2,000,000,000 · 2026-02-01
Black Pearl construction through substantial completion.
Cipher Digital (Sponsor)
Financing record 206; claim-specific source links appear in the exhibit sources where published.
This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed. Downloaded snapshots are retained by you; Cartis does not archive them automatically.