Share reserve allocation for employee incentives
Company: Cipher Mining
The claim, verbatim
Bitfury Group plans to allocate approximately 18.5 million shares of Common Stock into a share reserve for the benefit of Bitfury Beneficiaries (former and current employees, contractors and advisors)
Source (primary)
Cipher Mining SC 13D/A filed 2024-05-16 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Bitfury Group now plans to allocate approximately 18.5 million shares of Common Stock that it beneficially owns into a share reserve for the benefit of the Bitfury Beneficiaries”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The May 16, 2024 filing states the plan to allocate about 18.5 million shares into a reserve for the Bitfury Beneficiaries. It defines those beneficiaries as certain former and current employees, contractors and advisors.
Confirmed in the source:
- Bitfury Group plans to allocate approximately 18.5 million shares of Cipher Mining common stock into a share reserve
- The share reserve is for the benefit of the Bitfury Beneficiaries
- The Bitfury Beneficiaries are certain former and current employees, contractors and advisors of the Bitfury Group
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000112329224000128/bitfury13d.htm) in full (13,185 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining SC 13D/A filed 2024-05-16
Quote: “the Bitfury Group now plans to allocate approximately 18.5 million shares of Common Stock that it beneficially owns into a share reserve for the benefit of the Bitfury Beneficiaries”