Bitfury mining rig purchase agreement
Company: Cipher Mining
What the later record shows
Outcome not yet confirmed
Later filings only restate the Bitfury rig purchase agreement. No passage reports any rigs being delivered.
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Cipher agreed to purchase 28,000 to 56,000 Bitfury next-generation mining rigs at a maximum price of $6,250 per machine, to be delivered in seven monthly batches between June 2022 and December 2022, with a $10,000,000 advance payment
Source (primary)
Cipher Mining 8-K filed 2021-10-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “to purchase a total of 28,000 to 56,000 Bitfury next generation mining rigs, which will be delivered in seven batches on a monthly basis between June 2022 and December 2022. Cipher will pay a maximum price of $6,250 per machine, with an advance payment of $10,000,000 due on or before the third business day following the execution of the Agreement”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
Cipher's October 2021 8-K states every element of the claim: the 28,000–56,000 rig quantity, the $6,250 maximum per-machine price, seven monthly deliveries from June to December 2022, and the $10,000,000 advance payment.
Confirmed in the source:
- Cipher, through its wholly-owned subsidiary Cipher Mining Technologies Inc., agreed on October 11, 2021 to purchase Bitfury next-generation mining rigs
- The purchase covers a total of 28,000 to 56,000 rigs
- Cipher will pay a maximum price of $6,250 per machine
- The rigs are to be delivered in seven monthly batches between June 2022 and December 2022
- The agreement requires a $10,000,000 advance payment, due on or before the third business day after execution
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312521297413/d181301d8k.htm) in full (7,522 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 8-K filed 2021-10-13
Quote: “to purchase a total of 28,000 to 56,000 Bitfury next generation mining rigs, which will be delivered in seven batches on a monthly basis between June 2022 and December 2022. Cipher will pay a maximum price of $6,250 per machine, with an advance payment of $10,000,000 due on or before the third business day following the execution of the Agreement”