BitFuFu miner purchase by Gryphon
Company: Core Scientific
The claim, verbatim
Gryphon agreed to purchase 60,000 miners from BitFuFu for $305.7 million but had only paid $85.0 million as of early 2022, with $220.7 million in remaining payments due over the next 12 months.
Source (primary)
Core Scientific, Inc. — Entry #1842: Adversary case 22-03345 (RECAP (purchased via PACER), court_filing)
View cached copy (2026-09-26)Live source ↗
Quote: “Sphere's July 2021 agreement with FuFu Technology Limited ("BitFuFu") for the purchase of 60,000 miners for $305.7 million. Yet of the total price, Sphere has paid only $85.0 million, while the remaining $220.7 million remains payable "over the next 12 months".”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The complaint quotes the Culper Report on these terms and says Gryphon is also referred to as Sphere.
Confirmed in the source:
- Gryphon (also referred to as Sphere) agreed in July 2021 to buy 60,000 miners from BitFuFu for $305.7 million
- Only $85.0 million of the price had been paid as of the March 2022 Culper Report
- The remaining $220.7 million was payable over the next 12 months
What we did: Read our cached copy of RECAP (purchased via PACER) (https://storage.courtlistener.com/recap/gov.uscourts.txsb.460090/gov.uscourts.txsb.460090.1842.0.pdf) in full (60,424 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific, Inc. — Entry #1842: Adversary case 22-03345
Quote: “Sphere's July 2021 agreement with FuFu Technology Limited ("BitFuFu") for the purchase of 60,000 miners for $305.7 million. Yet of the total price, Sphere has paid only $85.0 million, while the remaining $220.7 million remains payable "over the next 12 months".”