Bitmain mining rig prepayment
Company: Cipher Mining
What the later record shows
Delivered; the record does not say when
The Q2 2025 10-Q reports all miners delivered and nothing left to pay. No passage states when the payment was made or when delivery completed.
“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
Will transfer lump-sum payment of $108,192,217.75 within 14 days of May 16, 2025 amendment for delivery of all remaining miners by June 23, 2025
Source (primary)
Cipher Mining 424B5 filed 2025-05-23 (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 supplement states that the May 16, 2025 amendment requires a $108,192,217.75 lump-sum payment within 14 days of execution. In exchange, all remaining miners will be delivered by June 23, 2025.
Confirmed in the source:
- Cipher will transfer to Bitmain a lump-sum payment of $108,192,217.75
- The payment is due within 14 days following execution of the 2025 Amendment
- The 2025 Amendment was entered into on May 16, 2025
- The payment is in exchange for delivery of all remaining miners under the Original Agreement by June 23, 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312525125868/d876435d424b5.htm) in full (210,464 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 424B5 filed 2025-05-23
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”