Option to purchase additional Canaan miners up to 160 MW
Company: Cipher Mining
What the later record shows
Outcome not yet confirmed
Later filings only restate that the Canaan option for up to 160 MW existed. The July 2025 deck mentions Canaan A15 Pro rigs from recent purchase orders but does not say the option was exercised or that it lapsed.
“Additionally, the contract included an option to purchase up to 160 MW of miners which the Company can exercise on or before June 30, 2025.”
2025-08-06 · Cipher Mining 10-Q filed 2025-08-07 View cached copy (2026-08-31)Live source ↗
“Assumes Black Pearl Phase I 150 MW deployment of Bitmain S21 XP and Canaan A15 Pro rigs from recent purchase orders”
2025-08-06 · cipher-mining 8-K exhibit (ciphermining_businessupd.htm) View cached copy (2026-10-08)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
Cipher Mining has an option to purchase additional A1566 or more efficient miners estimated to deploy up to 160 MW of electricity, exercisable on or before June 30, 2025
Source (primary)
Cipher Mining 8-K filed 2024-06-10 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “has the option (the "Canaan Option"), but not an obligation, under the Canaan Agreement to purchase an additional number of A1566 model (or more efficient model upon availability) miners estimated to deploy an aggregate amount of electricity of up to 160 MW”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing describes the Canaan Option to buy additional miners estimated at up to 160 MW, exercisable on or before June 30, 2025.
Confirmed in the source:
- Cipher Mining has an option, but not an obligation, to purchase additional A1566 or more efficient model miners from Canaan
- The additional miners are estimated to deploy up to 160 MW of electricity in aggregate
- The option is exercisable on or before June 30, 2025
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: “has the option (the "Canaan Option"), but not an obligation, under the Canaan Agreement to purchase an additional number of A1566 model (or more efficient model upon availability) miners estimated to deploy an aggregate amount of electricity of up to 160 MW”