On July 10, 2024, Cipher Mining Inc., a Delaware-based company specializing in cryptocurrency mining, announced an Amendment Agreement to its existing Future Sales and Purchase Agreement with Bitmain Technologies Delaware Limited. The amendment involves an upgrade in the type of mining equipment the company has the option to purchase, switching from 45,706 Antminer T21 miners to 32,164 Antminer S21 XP miners. Additionally, the amendment extends the call option period for Cipher Mining to exercise its purchase rights from December 31, 2024, to June 30, 2025. The total purchase price for the upgraded miners is set at $186,712,020, with a structured payment plan that includes an initial 10% payment due within 7 days of the amendment execution, less the $12,157,796 already paid, and subsequent payments tied to various milestones related to the delivery and shipping of the miners.

On July 10, 2024, Cipher Mining Inc., a Delaware-based company specializing in cryptocurrency mining, announced an Amendment Agreement to its existing Future Sales and Purchase Agreement with Bitmain Technologies Delaware Limited. The amendment involves an upgrade in the type of mining equipment the company has the option to purchase, switching from 45,706 Antminer T21 miners to 32,164 Antminer S21 XP miners. Additionally, the amendment extends the call option period for Cipher Mining to exercise its purchase rights from December 31, 2024, to June 30, 2025. The total purchase price for the upgraded miners is set at $186,712,020, with a structured payment plan that includes an initial 10% payment due within 7 days of the amendment execution, less the $12,157,796 already paid, and subsequent payments tied to various milestones related to the delivery and shipping of the miners.