Company: CIFRW
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001819989-25-000005
Chunk: 85

Company: Cipher Mining Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 16
Chunk 85
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 part of this transaction, the Company agreed with SoftBank that prior to February 28, 2025, the Company would not enter into binding definitive documentation with respect to the sale, transfer, divestiture or encumbrance of the Company’s Barber Lake property with any person other than SoftBank and its affiliates.On January 31, 2025, the Company executed its option as part of the Amendment Agreement, further described in Note 6. Deposits on equipment, with Bitmain to obtain Antminer S21 XP miners for delivery between May and June 2025. The Company intends to use these machines at the Black Pearl Facility. As of February 25, 2025, the Company owes  $139 million remaining for these machine purchases.

F-37