Share allocation for remaining beneficiaries
Company: Cipher Mining
The claim, verbatim
Approximately 9.3 million shares will be allocated for the benefit of remaining Bitfury Beneficiaries and transferred or disposed of in management discretion in the future
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 other approximately 9.3 million shares of Common Stock included in the share reserve will be allocated for the benefit of the remaining Bitfury Beneficiaries, and will be transferred or disposed of, in whole or in part, in the discretion of Bitfury Group management in the future”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states that the other roughly 9.3 million reserve shares go to the remaining beneficiaries. It says they will be transferred or disposed of at management's discretion in the future.
Confirmed in the source:
- Approximately 9.3 million shares in the share reserve will be allocated for the benefit of the remaining Bitfury Beneficiaries
- Those shares will be transferred or disposed of in the discretion of Bitfury Group management in the future
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 other approximately 9.3 million shares of Common Stock included in the share reserve will be allocated for the benefit of the remaining Bitfury Beneficiaries, and will be transferred or disposed of, in whole or in part, in the discretion of Bitfury Group management in the future”