Board observer rights granted to Bitfury entities
Company: Cipher Mining
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)
View cached copy (2026-09-13)Live source ↗
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
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the Issuer granted Bitfury a non-voting board and committee observer with information, participation, and reimbursement/indemnification rights substantially equivalent to non-employee directors.
Confirmed in the source:
- Cipher Mining granted Bitfury the right to designate a non-voting observer to attend board and committee meetings
- The observer receives board materials, participation in discussions, and expense reimbursement and indemnification rights substantially the same as non-employee directors
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312522103031/d317900dsc13da.htm) in full (14,289 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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.”