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Cartis diligence evidence schedule

Cipher Colchis AI Data Center Campus

PRJ-0719 · Site · Texas, United States

Record last updated Oct 28, 2026

Scope and capacity

Cipher is advancing Colchis as a gigawatt-scale Texas HPC campus. Land is secured and interconnection deposits are funded, but the 1 GW pipeline value remains subject to ERCOT review. Cipher Digital and AEP is publicly identified in the project record for Texas location undisclosed, TX, US. The disclosed development record includes 1,000 MW gross pipeline capacity; land secured; deposits funded; target energization in 2028 subject to ERCOT. Power and infrastructure include planned large-load grid interconnection and hyperscale data-center campus. Cipher presents 1,000 MW of gross pipeline capacity subject to the ERCOT batch process.

Headline: 1,000 MW Planned / design

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.

Location context · Colchis campus | Texas | precise boundary undisclosed

Actual · Cipher Colchis AI Data Center Campus (Project)

Claim 58723 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Cipher Digital Q2 2026 business update

    Cipher Digital · Document date: Aug 10, 2026 · Primary

    Source reference: SRC-3209 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm

Lifecycle status · Preconstruction

Actual · Cipher Colchis AI Data Center Campus (Project)

Claim 58724 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Cipher Digital Q2 2026 business update

    Cipher Digital · Document date: Aug 10, 2026 · Primary

    Source reference: SRC-3209 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm

Reported capacity · 1,000 MW

Planned / design or future potential · Cipher Colchis AI Data Center Campus (Project)

Claim 58725 · Recorded claim type: Design · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. Cipher Digital Q2 2026 business update

    Cipher Digital · Document date: Aug 10, 2026 · Primary

    Source reference: SRC-3209 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm

Capacity basis · Cipher presents 1,000 MW of gross pipeline capacity subject to the ERCOT batch process.

Actual · Cipher Colchis AI Data Center Campus (Project)

Claim 58726 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Cipher Digital Q2 2026 business update

    Cipher Digital · Document date: Aug 10, 2026 · Primary

    Source reference: SRC-3209 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm

Development scale · 1,000 MW gross pipeline capacity

Actual · Cipher Colchis AI Data Center Campus (Project)

Claim 107516 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Cipher Digital Q2 2026 business update

    Cipher Digital · Document date: Aug 10, 2026 · Primary

    Source reference: SRC-3209 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm

  2. Cipher Q4 2025 business update

    Cipher Digital · Document date: Feb 1, 2026 · Corroborating

    Source reference: SRC-5988 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm

Development milestone · Land secured

Actual · Cipher Colchis AI Data Center Campus (Project)

Claim 107517 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Cipher Digital Q2 2026 business update

    Cipher Digital · Document date: Aug 10, 2026 · Primary

    Source reference: SRC-3209 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm

  2. Cipher Q4 2025 business update

    Cipher Digital · Document date: Feb 1, 2026 · Corroborating

    Source reference: SRC-5988 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm

Power arrangement · Deposits funded

Actual · Cipher Colchis AI Data Center Campus (Project)

Claim 107518 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Cipher Digital Q2 2026 business update

    Cipher Digital · Document date: Aug 10, 2026 · Primary

    Source reference: SRC-3209 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm

  2. Cipher Q4 2025 business update

    Cipher Digital · Document date: Feb 1, 2026 · Corroborating

    Source reference: SRC-5988 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm

Site configuration · Target energization in 2028 subject to ERCOT.

Actual · Cipher Colchis AI Data Center Campus (Project)

Claim 107519 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Cipher Digital Q2 2026 business update

    Cipher Digital · Document date: Aug 10, 2026 · Primary

    Source reference: SRC-3209 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm

  2. Cipher Q4 2025 business update

    Cipher Digital · Document date: Feb 1, 2026 · Corroborating

    Source reference: SRC-5988 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm

Counterparties and capital

AEP · Utility provider · CMP-1458

Cipher Digital · Developer · CMP-1457

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.