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Board observer rights granted to Bitfury entities

Company: Cipher Mining

Subject kind
partnership
Statement date
2022-04-11
Current status
stated

The claim, verbatim

Cipher Mining granted Bitfury entities the right to designate a non-voting observer to attend board and committee meetings with information and participation rights equivalent to non-employee directors

Source (primary)

Cipher Mining SC 13D/A filed 2022-04-12 (SEC EDGAR, sec_filing)
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Quote: “the Issuer granted Bitfury the right to designate a representative (the 'Observer') to attend meetings of the board of directors of the Issuer (the 'Board'), and any committees thereof... in a non-voting observer capacity... will provide the Observer with (i) copies of all applicable information and materials... (ii) the right to participate in discussions... (iii) substantially the same expense reimbursement and indemnifications rights as the non-employee members of the Board.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Cipher Mining SC 13D/A filed 2022-04-12

Quote: “the Issuer granted Bitfury the right to designate a representative (the 'Observer') to attend meetings of the board of directors of the Issuer (the 'Board'), and any committees thereof... in a non-voting observer capacity... will provide the Observer with (i) copies of all applicable information and materials... (ii) the right to participate in discussions... (iii) substantially the same expense reimbursement and indemnifications rights as the non-employee members of the Board.”

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