Bitmain Amendment Early Payment for Miner Delivery
Company: Cipher Mining
The claim, verbatim
Company will pay Bitmain $108,192,217.75 within 14 days of May 16, 2025 for accelerated delivery of all remaining miners by June 23, 2025, representing a 10% reduction from the original $120,213,575.28
Source (primary)
Cipher Mining 424B5 filed 2025-05-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company will fulfill such payment obligation by transferring to Bitmain a lump-sum payment of $108,192,217.75 (the "Revised Payment Amount"), a 10% reduction from the $120,213,575.28 (the "Original Payment Amount") due under the Original Agreement, within 14 days following the execution of the 2025 Amendment (the "Revised Payment Date"). The 2025 Amendment provides that all miners remaining to be delivered under the Original Agreement will be delivered by June 23, 2025”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Cipher Mining 424B5 filed 2025-05-22
Quote: “The Company will fulfill such payment obligation by transferring to Bitmain a lump-sum payment of $108,192,217.75 (the "Revised Payment Amount"), a 10% reduction from the $120,213,575.28 (the "Original Payment Amount") due under the Original Agreement, within 14 days following the execution of the 2025 Amendment (the "Revised Payment Date"). The 2025 Amendment provides that all miners remaining to be delivered under the Original Agreement will be delivered by June 23, 2025”