---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-083231"
form_type: "8-K"
ticker: "CIFR"
cik: "0001819989"
company_name: "Cipher Digital Inc."
filed_at: "2024-07-12T23:59:59+00:00"
generated_at: "2026-05-31T21:12:42.112148+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-083231
- form_type: 8-K
- ticker: CIFR
- cik: 0001819989
- company_name: Cipher Digital Inc.
- filed_at: 2024-07-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819989/000095017024083231/0000950170-24-083231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819989/000095017024083231/cifr-20240710.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-083231
- JSON: https://secwatch.observer/filing/0000950170-24-083231.json
- Plain text: https://secwatch.observer/filing/0000950170-24-083231.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.