UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
|
SCHEDULE 13D
|
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
|
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Cipher Mining Inc.
|
(Name of Issuer)
|
|
Common Stock
|
(Title of Class of Securities)
|
|
17253J106
|
(CUSIP Number)
|
|
Stijn Ehren
Strawinskylaan 3051
1077ZX Amsterdam, the Netherlands
+31 6 29 94 48 88
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communication) |
|
June 26, 2024
(Date of Event Which Requires Filing of this Statement)
|
CUSIP No. 17253J106
|
|
SCHEDULE 13D
|
1
|
NAMES OF REPORTING PERSONS
|
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||||
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|
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|
|||
|
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Bitfury Holding B.V.
|
|
|||
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|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐
|
||||
|
|
|
(b) ☐
|
|||
|
|
|
|
|||
3
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SEC USE ONLY
|
|||||
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|||||
4
|
SOURCE OF FUNDS (See Instructions)
|
|
||||
|
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|
||||
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|
OO
|
|
|||
|
|
|
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|||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
☐
|
||||
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|||
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|||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
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||||
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|||
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The Netherlands |
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||||
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|||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
|
|
|||
|
|
|
||||
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|||
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||||
8
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SHARED VOTING POWER
|
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||||
|
|
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||||
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|
4,821,560
|
|
|||
|
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
||||
|
|
|
||||
|
|
-0-
|
|
|||
|
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
||||
|
|
|
||||
|
|
4,821,560
|
|
|||
|
|
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|
|
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
||||
|
|
|
||||
|
|
4,821,560
|
|
|||
|
|
|
||||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
|
☐
|
||||
|
|
|
||||
|
|
|
|
|||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
||||
|
|
|
||||
|
|
1.6%
|
|
|||
|
|
|
||||
14
|
TYPE OF REPORTING PERSON (See Instructions)
|
|
||||
|
|
|
||||
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|
CO
|
|
|||
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|
|
CUSIP No. 17253J106
|
|
SCHEDULE 13D
|
1
|
NAMES OF REPORTING PERSONS
|
|
||||
|
|
|
|
|||
|
|
Bitfury Top HoldCo B.V.
|
|
|||
|
|
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐
|
||||
|
|
|
(b) ☐
|
|||
|
|
|
|
|||
3
|
SEC USE ONLY
|
|||||
|
|
|||||
4
|
SOURCE OF FUNDS (See Instructions)
|
|
||||
|
|
|
||||
|
|
OO
|
|
|||
|
|
|
|
|||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
☐
|
||||
|
|
|
|
|||
|
|
|
|
|||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
||||
|
|
|
|
|||
|
The Netherlands |
|
||||
|
|
|
|
|||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
|
|
|||
|
|
|
||||
|
|
|
|
|||
|
|
|
||||
8
|
SHARED VOTING POWER
|
|
||||
|
|
|
||||
|
|
60,206,347
|
|
|||
|
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
||||
|
|
|
||||
|
|
-0-
|
|
|||
|
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
||||
|
|
|
||||
|
|
60,206,347
|
|
|||
|
|
|
|
|
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
||||
|
|
|
||||
|
|
60,206,347
|
|
|||
|
|
|
||||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
|
☐
|
||||
|
|
|
||||
|
|
|
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
||||
|
|
|
||||
|
|
19.4%
|
|
|||
|
|
|
||||
14
|
TYPE OF REPORTING PERSON (See Instructions)
|
|
||||
|
|
|
||||
|
|
CO
|
|
|||
|
|
|
CUSIP No. 17253J106
|
|
SCHEDULE 13D
|
1
|
NAMES OF REPORTING PERSONS
|
|
||||
|
|
|
|
|||
|
|
Bitfury Group Limited
|
|
|||
|
|
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐
|
||||
|
|
|
(b) ☐
|
|||
|
|
|
|
|||
3
|
SEC USE ONLY
|
|||||
|
|
|||||
4
|
SOURCE OF FUNDS (See Instructions)
|
|
||||
|
|
|
||||
|
|
OO
|
|
|||
|
|
|
|
|||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
☐
|
||||
|
|
|
|
|||
|
|
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|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
||||
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|||
|
England and Wales
|
|
||||
|
|
|
|
|||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
|
|
|||
|
|
|
||||
|
|
|
|
|||
|
|
|
||||
8
|
SHARED VOTING POWER
|
|
||||
|
|
|
||||
|
|
60,206,347
|
|
|||
|
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
||||
|
|
|
||||
|
|
-0-
|
|
|||
|
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
||||
|
|
|
||||
|
|
60,206,347
|
|
|||
|
|
|
|
|
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
||||
|
|
|
||||
|
|
60,206,347
|
|
|||
|
|
|
||||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
|
☐
|
||||
|
|
|
||||
|
|
|
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
||||
|
|
|
||||
|
|
19.4%
|
|
|||
|
|
|
||||
14
|
TYPE OF REPORTING PERSON (See Instructions)
|
|
||||
|
|
|
||||
|
|
CO
|
|
|||
|
|
|
CUSIP No. 17253J106
|
|
SCHEDULE 13D
|
1
|
NAMES OF REPORTING PERSONS
|
|
||||
|
|
|
|
|||
|
|
V3 Holding Limited
|
|
|||
|
|
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐
|
||||
|
|
|
(b) ☐
|
|||
|
|
|
|
|||
3
|
SEC USE ONLY
|
|||||
|
|
|||||
4
|
SOURCE OF FUNDS (See Instructions)
|
|
||||
|
|
|
||||
|
|
OO
|
|
|||
|
|
|
|
|||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
☐
|
||||
|
|
|
|
|||
|
|
|
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
||||
|
|
|
|
|||
|
Cayman Islands
|
|
||||
|
|
|
|
|||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
|
|
|||
|
|
|
||||
|
|
|
|
|||
|
|
|
||||
8
|
SHARED VOTING POWER
|
|
||||
|
|
|
||||
|
|
110,520,831
|
|
|||
|
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
||||
|
|
|
||||
|
|
-0-
|
|
|||
|
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
||||
|
|
|
||||
|
|
110,520,831
|
|
|||
|
|
|
|
|
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
||||
|
|
|
||||
|
|
110,520,831
|
|
|||
|
|
|
||||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
|
☐
|
||||
|
|
|
||||
|
|
|
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
||||
|
|
|
||||
|
|
35.7%
|
|
|||
|
|
|
||||
14
|
TYPE OF REPORTING PERSON (See Instructions)
|
|
||||
|
|
|
||||
|
|
CO
|
|
|||
|
|
|
CUSIP No. 17253J106
|
|
SCHEDULE 13D
|
1
|
NAMES OF REPORTING PERSONS
|
|
||||
|
|
|
|
|||
|
|
Valerijs Vavilovs
|
|
|||
|
|
|
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐
|
||||
|
|
|
(b) ☐
|
|||
|
|
|
|
|||
3
|
SEC USE ONLY
|
|||||
|
|
|||||
4
|
SOURCE OF FUNDS (See Instructions)
|
|
||||
|
|
|
||||
|
|
OO
|
|
|||
|
|
|
|
|||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
☐
|
||||
|
|
|
|
|||
|
|
|
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
||||
|
|
|
|
|||
|
Georgia
|
|
||||
|
|
|
|
|||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
|
|
|||
|
|
|
||||
|
|
|
|
|||
|
|
|
||||
8
|
SHARED VOTING POWER
|
|
||||
|
|
|
||||
|
|
110,520,831
|
|
|||
|
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
||||
|
|
|
||||
|
|
-0-
|
|
|||
|
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
||||
|
|
|
||||
|
|
110,520,831
|
|
|||
|
|
|
|
|
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
||||
|
|
|
||||
|
|
110,520,831
|
|
|||
|
|
|
||||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
|
☐
|
||||
|
|
|
||||
|
|
|
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
||||
|
|
|
||||
|
|
35.7%
|
|
|||
|
|
|
||||
14
|
TYPE OF REPORTING PERSON (See Instructions)
|
|
||||
|
|
|
||||
|
|
IN
|
|
|||
|
|
|
CUSIP No. 17253J106
|
|
SCHEDULE 13D
|
Reporting Person
|
|
Amount
beneficially owned |
|
|
Percent
of class |
|
|
Sole power
to vote or to direct the vote |
|
|
Shared
power to vote or to direct the vote |
|
|
Sole power
to dispose or to direct the disposition |
|
|
Shared
power to dispose or to direct the disposition |
|
||||||
Bitfury Holding B.V.
|
|
|
4,821,560
|
|
|
|
1.6
|
%
|
|
|
0
|
|
|
|
4,821,560
|
|
|
|
0
|
|
|
|
4,821,560
|
|
Bitfury Top HoldCo B.V.
|
|
|
60,206,347
|
19.4
|
%
|
|
|
0
|
|
|
|
60,206,347
|
|
|
0
|
|
|
|
60,206,347
|
|
||||
Bitfury Group Limited
|
|
|
60,206,347
|
19.4
|
%
|
|
|
0
|
|
|
|
60,206,347
|
|
|
0
|
|
|
|
60,206,347
|
|
||||
V3 Holding Limited
|
|
|
110,520,831
|
35.7
|
%
|
|
|
0
|
|
|
|
110,520,831
|
|
|
0
|
|
|
|
110,520,831
|
|
||||
Valerijs Vavilovs
|
|
|
110,520,831
|
35.7
|
%
|
|
|
0
|
|
|
|
110,520,831
|
|
|
|
0
|
|
|
|
110,520,831
|
|
Date
|
Number of Shares Sold
|
Price Per Share
|
Price Range Per Share
|
June 14, 2024
|
366,042
|
$5.00
|
$4.91 to $5.22
|
June 17, 2024
|
376,320
|
$4.82
|
$4.64 to $5.17
|
June 18, 2024
|
388,167
|
$4.80
|
$4.70 to $5.06
|
June 20, 2024
|
394,357
|
$5.54
|
$5.35 to $5.81
|
June 21, 2024
|
416,793
|
$4.51
|
$4.40 to $4.61
|
June 24, 2024
|
443,830
|
$4.33
|
$4.27 to $4.40
|
June 25, 2024
|
454,073
|
$4.26
|
$4.21 to $4.38
|
June 26, 2024
|
466,915
|
$4.30
|
$4.20 to $4.45
|
June 27, 2024
|
478,606
|
$4.17
|
$4.05 to $4.39
|
June 28, 2024
|
490,275
|
$4.12
|
$4.09 to $4.20
|
Exhibit
Number |
|
Description
|
|
Joint Filing Agreement, dated as of June 28, 2024
|
SIGNATURE
|
|
BITFURY HOLDING B.V.
|
|
|
|
|
|
By:
|
/s/ Stijn Ehren
|
|
Name:
|
Stijn Ehren
|
|
Title:
|
Managing Director
|
|
|
|
|
BITFURY TOP HOLDCO B.V.
|
|
|
|
|
|
By:
|
/s/ Stijn Ehren
|
|
Name:
|
Stijn Ehren
|
|
Title:
|
Managing Director
|
|
|
|
|
BITFURY GROUP LIMITED
|
|
|
|
|
|
By:
|
/s/ Valerijs Vavilovs
|
|
Name:
|
Valerijs Vavilovs
|
|
Title:
|
Director
|
|
|
|
|
V3 HOLDING LIMITED
|
|
|
|
|
|
By:
|
/s/ Valerijs Vavilovs
|
|
Name:
|
Valerijs Vavilovs
|
|
Title:
|
Director
|
|
|
|
|
VALERIJS VAVILOVS
|
|
|
|
|
|
By:
|
/s/ Valerijs Vavilovs
|
|
Name:
|
Valerijs Vavilovs
|
|
|
BITFURY HOLDING B.V.
|
|
|
|
|
|
By:
|
/s/ Stijn Ehren
|
|
Name:
|
Stijn Ehren
|
|
Title:
|
Managing Director
|
|
|
|
|
BITFURY TOP HOLDCO B.V.
|
|
|
|
|
|
By:
|
/s/ Stijn Ehren
|
|
Name:
|
Stijn Ehren
|
|
Title:
|
Managing Director
|
|
|
|
|
BITFURY GROUP LIMITED
|
|
|
|
|
|
By:
|
/s/ Valerijs Vavilovs
|
|
Name:
|
Valerijs Vavilovs
|
|
Title:
|
Director
|
|
|
|
|
V3 HOLDING LIMITED
|
|
|
|
|
|
By:
|
/s/ Valerijs Vavilovs
|
|
Name:
|
Valerijs Vavilovs
|
|
Title:
|
Director
|
|
|
|
|
VALERIJS VAVILOVS
|
|
|
|
|
|
By:
|
/s/ Valerijs Vavilovs
|
|
Name:
|
Valerijs Vavilovs
|
|