---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-158407"
form_type: "8-K"
ticker: "CIFR"
cik: "0001819989"
company_name: "Cipher Digital Inc."
filed_at: "2024-06-10T23:59:59+00:00"
generated_at: "2026-06-01T05:21:47.925460+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cipher Mining ups 2024 hash rate target to 13.5 EH/s, upgrades Bitmain contract, adds Canaan miners

## Summary
- Entered agreement to buy 6,600 Canaan A1566 miners (~1.25 EH/s) for $16.4M, delivering 4Q24.
- Amended Bitmain contract: upgraded 30,364 miners to S21 Pro, delivery accelerated from 2Q25 to 4Q24.
- New 2024 year-end self-mining hash rate target of ~13.5 EH/s with fleet efficiency of ~18.6 J/TH.
- New 2025 year-end target of ~35 EH/s with ~15 J/TH efficiency; option for additional 160 MW Canaan miners.
- CEO says purchases fully funded; upgrades less efficient rigs at Odessa site.

## SEC filing metadata
- accession: 0001193125-24-158407
- form_type: 8-K
- ticker: CIFR
- cik: 0001819989
- company_name: Cipher Digital Inc.
- filed_at: 2024-06-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819989/000119312524158407/0001193125-24-158407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819989/000119312524158407/d846288d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-158407
- JSON: https://secwatch.observer/filing/0001193125-24-158407.json
- Plain text: https://secwatch.observer/filing/0001193125-24-158407.txt

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