Canaan initial miners purchase price
Company: Cipher Mining
What the later record shows
Not a promise: a reported event · happened June 5, 2024
The price is a term of the June 5, 2024 Canaan Agreement. The later 10-Q shows a $6.6M deposit plus $9.8M remaining, which is consistent with about $16.4M.
“We paid a deposit of $6.6 million in connection with the Canaan Agreement, with $9.8 million left to be paid.”
2024-08-12 · Cipher Mining 10-Q filed 2024-08-13 View cached copy (2026-08-31)Live source ↗
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
The purchase price for the initial 6,600 A1566 miners from Canaan is $16,400,472
Source (primary)
Cipher Mining 8-K filed 2024-06-10 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The purchase price for the Initial Canaan Miners under the Agreement is $16,400,472”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states Cipher agreed to buy 6,600 A1566 miners from Canaan for $16,400,472.
Confirmed in the source:
- The initial Canaan purchase covers 6,600 A1566 model miners
- The seller is Canaan Creative Global Pte. Ltd.
- The purchase price for the initial Canaan miners is $16,400,472
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312524158407/d846288d8k.htm) in full (6,240 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 8-K filed 2024-06-10
Quote: “The purchase price for the Initial Canaan Miners under the Agreement is $16,400,472”