Bitmain equipment payment commitment
Company: Cipher Mining
What the later record shows
Delivered; the record does not say when
The Q2 2025 10-Q says no amount remains to be paid to Bitmain, so the payment was made. When it was made is not stated.
“all of which have been delivered with no remaining amount to be paid”
2025-08-06 · Cipher Mining 10-Q filed 2025-08-07 View cached copy (2026-08-31)Live source ↗
“The Company has paid nonrefundable deposits for miners of $ 165.9 million for this order as of June 30, 2025.”
2025-08-06 · Cipher Mining 10-Q filed 2025-08-07 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
The company will pay Bitmain $108,192,217.75 within 14 days after May 16, 2025, a 10% reduction from the original $120,213,575.28
Source (primary)
Cipher Mining 424B5 filed 2025-05-20 (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”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The prospectus states that the amendment was signed on May 16, 2025. It also says the company will pay Bitmain $108,192,217.75, a 10% cut from $120,213,575.28, within 14 days of signing.
Confirmed in the source:
- Cipher Mining will make a lump-sum payment of $108,192,217.75 to Bitmain
- The payment is a 10% reduction from the original $120,213,575.28 due under the original agreement
- The payment is due within 14 days after execution of the 2025 Amendment
- The 2025 Amendment was entered into on May 16, 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312525123231/d920705d424b5.htm) in full (436,841 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 424B5 filed 2025-05-20
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”
confirms Cipher Mining 10-Q filed 2025-08-07
Quote: “all of which have been delivered with no remaining amount to be paid”