Cipher Mining, according to the Form 8-K filed with the United States Securities and Exchange Commission on Monday (SEC), will PurchaseBitfury sells next-generation mining hardware ranging from 28,000 to 56,000. Each rig costs $6,250

At a maximum cost of $6,250 per machine, Cipher’s Bitcoin mining hardware outlay could go between $175 million and $350 million, depending on whether the company elects to receive all 56,000 rigs as stated in the purchase agreement.