Cipher Mining amends Bitmain miner option: upgrades to S21 XP, extends call to June 2025

Cipher Digital Inc.

Option upgraded from 45,706 Antminer T21 to 32,164 Antminer S21 XP miners.
Call option period extended to June 30, 2025; can be exercised in batches.
Total purchase price $186.7M; $12.2M already paid, additional 10% due within 7 days.
Payments: 10% on exercise notice, 30% three months before shipping, 30% one month before, 20% 180 days after.

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