secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0000950170-23-070948
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Mining purchases 7.1 EH/s of Bitmain T21 miners for $99.5M, option for 8.7 EH/s more
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- Purchase of 37,396 Antminer T21 miners for $99.5M ($14/TH), delivery in H1 2025.
- Option to acquire up to 45,706 additional miners (8.7 EH/s) in 2024 at same fixed price.
- If full option exercised, total hashrate under contract/operation reaches 24.2 EH/s with fleet efficiency 22.6 J/TH.
- Miners intended for initial 135 MW buildout at Black Pearl site and other expansion.
- CEO expects favorable pricing dynamics ahead of bitcoin bull market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000095017023070948/0000950170-23-070948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000095017023070948/cifr-20231216.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-070948

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer