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It is so much more functional than passing a bar of gold around", "attrs": null, "canon": { "kind": { "name": "Quote", "slug": "quote", "status": "active", "canonId": "019de52c-f8fb-751e-8bc6-d58e2d59562a", "version": 1, "description": "Pull quote or testimonial." }, "tool": null, "subkind": { "name": "Testimonial", "slug": "testimonial", "status": "active", "canonId": "019de52c-fc21-71b6-9ac3-8266a64945e8", "version": 1, "description": null }, "framework": null }, "subkind": "testimonial", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 13:45:50.296+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "33e44a71-8565-42b8-9240-912ffbb7d5f3", "parentComponentId": null }, { "bbox": { "h": 0.1, "w": 0.9, "x": 0.05, "y": 0.85 }, "kind": "quote", "text": "... We invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. 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In its initial build out, the building of four new data centers (greenfield projects) in the U.S., three in Texas and one in Ohio. The greenfield projects are ready for deployment with lease agreements and power purchase agreements already agreed. Two of the three power suppliers will finance a large portion of the capex required for certain infrastructure in exchange for a profit sharing arrangement that will be included in the respective power supply agreements, enhancing the ROI for investors in Cipher Mining. Construction, engineering, operations and other services required to launch and maintain the data centers will be provided by Bitfury on arms' length terms. Bitfury will not compete with mining development projects in the U.S. Bitfury to use commercially reasonable efforts to supply any specialist mining equipment required by Cipher. The mining capacity will be deployed in an initial first phase, and a second phase of 100 MW per year beginning in 2023E. Flexibility on transaction timeline and capacity deployment for the further investment. 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