Cipher's FY2025 10-K records $56.6M of acquired "strategic contracts" tied to Colchis, an accounting value, not a land price or budget
Cipher's audited FY2025 Form 10-K recorded $56.6 million of acquired "strategic contracts" associated with Colchis LLC, with the 47% noncontrolling interest initially recorded at approximately $30.3 million.
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Also on Cipher “Colchis” JV Site Cipher splits its 3.2 GW of conditional Batch Zero classifications into 1.1 GW Base Load and 2.1 GW Studied Load Also on Cipher “Colchis” JV Site ERCOT pauses Batch Zero review, leaving Colchis without a classification Also on Cipher “Colchis” JV Site Colchis has an executed 1-GW AEP interconnection agreement, but ERCOT Batch Zero classification remains unresolved Also on Cipher “Colchis” JV Site Local reporting places Cipher's Colchis site in unincorporated Tom Green County, next to Skybox Also on Cipher “Colchis” JV Site Cipher's actual Colchis ownership reaches 76% via Q1 2026 capital contributions, not the oft-cited ~95% Other financing intelligence, December 2025 Nexus Data Centers closes a strategic equity investment from Transition Equity Partners to fund gigawatt-scale behind-the-meter campuses