Refundable prepayment for Canaan option
Company: Cipher Mining
What the later record shows
Delivered; the record does not say when
The Q2 2024 10-Q (filed August 2024) says Cipher paid a $5.3 million deposit for the Canaan option. It does not say whether payment was made within 30 days.
“We paid a deposit of $5.3 million associated with the option.”
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
Cipher Mining will make a fully refundable prepayment of $5,302,074 within 30 days for the Canaan Option
Source (primary)
Cipher Mining 8-K filed 2024-06-10 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company will make a fully refundable prepayment of $5,302,074 within 30 days of the date of execution of the Canaan Agreement”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states that, in connection with the Canaan Option, the company will make a fully refundable $5,302,074 prepayment within 30 days of signing.
Confirmed in the source:
- Cipher Mining will make a fully refundable prepayment of $5,302,074
- The prepayment is due within 30 days of executing the Canaan Agreement
- The prepayment is made in connection with the Canaan Option
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 Company will make a fully refundable prepayment of $5,302,074 within 30 days of the date of execution of the Canaan Agreement”
confirms Cipher Mining 10-Q filed 2024-08-13
Quote: “We paid a deposit of $5.3 million associated with the option.”