Bitfury board observer rights
Company: Cipher Mining
The claim, verbatim
Bitfury was granted the right to designate a representative to serve as a board observer of Cipher Mining's Board and committees, with such rights terminating when Bitfury's ownership falls below 10% of outstanding shares
Source (primary)
Cipher Mining 8-K filed 2022-04-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Investors have the right to designate a representative to serve as an observer of our Board and any committees thereof. The Investors' rights under the Board Observer Agreement will terminate upon the date that the Investors no longer beneficially own at least 10% of the outstanding shares”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document grants the Investors (including Bitfury) the right to designate a Board observer, terminating once they cease to own at least 10% of outstanding shares.
Confirmed in the source:
- The Investors, which include Bitfury, have the right to designate a representative to serve as an observer of the Board and any committees thereof
- These rights terminate when the Investors no longer beneficially own at least 10% of the outstanding common stock
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312522105585/d288407d8k.htm) in full (7,460 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 8-K filed 2022-04-14
Quote: “the Investors have the right to designate a representative to serve as an observer of our Board and any committees thereof. The Investors' rights under the Board Observer Agreement will terminate upon the date that the Investors no longer beneficially own at least 10% of the outstanding shares”