Major Cipher Mining shareholders V3 Holding Ltd and Bitfury Top HoldCo B.V. disclosed new variable prepaid forward sale contracts on their holdings. V3 Holding received a $50.0 million cash payment. Bitfury Top HoldCo received $81.2 million in exchange for future share deliveries.
The contracts cover a maximum of 2,812,863 common shares for V3 Holding. Both entities retain economic and voting rights for the pledged shares provided no default occurs. These arrangements allow the shareholders to monetize a portion of their investment upfront.
This move signifies a strategic repositioning of exposure by key stakeholders. The transition aligns with the company’s ongoing shift toward artificial intelligence and high-performance computing infrastructure.