Waiver of share transfer restrictions for pledging
Company: Cipher Mining
The claim, verbatim
Cipher Mining waived restrictions on transfer of shares held by certain stockholders, allowing them to pledge up to 100% of their Lock-up Shares as collateral for loans with a maximum 25% loan-to-value ratio
Source (primary)
Cipher Mining 8-K filed 2022-04-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Waiver Agreement permits each Stockholder to pledge or otherwise hypothecate up to one hundred percent (100%) of the Lock-up Shares held by such Stockholder as of the date of the Waiver Agreement as collateral or security in connection with any loan meeting certain criteria and have an initial 25% maximum loan-to-value ratio.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states the Waiver Agreement permits each Stockholder to pledge up to 100% of Lock-up Shares as collateral for a qualifying loan with a 25% maximum loan-to-value ratio.
Confirmed in the source:
- Cipher Mining waived certain restrictions on transfer of shares held by certain stockholders
- Stockholders may pledge or hypothecate up to 100% of their Lock-up Shares as collateral or security for a loan
- Any such loan must have an initial 25% maximum loan-to-value ratio
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312522105585/d288407d8k.htm) in full (7,460 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 8-K filed 2022-04-14
Quote: “The Waiver Agreement permits each Stockholder to pledge or otherwise hypothecate up to one hundred percent (100%) of the Lock-up Shares held by such Stockholder as of the date of the Waiver Agreement as collateral or security in connection with any loan meeting certain criteria and have an initial 25% maximum loan-to-value ratio.”