secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0000950170-24-083231
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000095017024083231/0000950170-24-083231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000095017024083231/cifr-20240710.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-083231

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