Bitmain ASIC miner purchase agreement
Company: Cipher Mining
The claim, verbatim
Purchasing 1.2 EH/s of Antminer S21-200.0T servers from Bitmain Technologies for $24.0 million total commitment ($16.8 million net of coupons), with batched shipments expected January-June 2024 and final payment due one year after last batch delivery
Source (primary)
Cipher Mining 424B5 filed 2023-11-08 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On October 4, 2023, we entered into an agreement with Bitmain Technologies Delaware Limited to purchase 1.2 EH/s worth of HASH Super Computing Servers (Antminer S21-200.0T model), for a total commitment of $24.0 million to be paid in cash and coupons, or $16.8 million in cash after applying coupons (the "Bitmain Agreement"). We expect the miners purchased under this agreement to be shipped in batches between January and June 2024.”
How we checked this
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Additional evidence
confirms Cipher Mining 424B5 filed 2023-11-08
Quote: “On October 4, 2023, we entered into an agreement with Bitmain Technologies Delaware Limited to purchase 1.2 EH/s worth of HASH Super Computing Servers (Antminer S21-200.0T model), for a total commitment of $24.0 million to be paid in cash and coupons, or $16.8 million in cash after applying coupons (the "Bitmain Agreement"). We expect the miners purchased under this agreement to be shipped in batches between January and June 2024.”