Bitfury strategic investment
Company: Cipher Mining
The claim, verbatim
Bitfury Top HoldCo agreed to purchase 6,000,000 shares at $10.00 per share for $60,000,000 in cash and/or debt forgiveness
Source (primary)
Cipher Mining 424B3 filed 2021-10-08 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Bitfury Top HoldCo agreed to subscribe for and purchase, and Good Works agreed to issue and sell to Bitfury Top HoldCo (or an affiliate of Bitfury Top HoldCo), an aggregate of 6,000,000 shares of our common stock at a purchase price of $10.00 per share for an aggregate of cash and/or forgiveness of outstanding indebtedness owed by Cipher to Bitfury Top HoldCo (or an affiliate of Bitfury Top HoldCo) of $60,000,000”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The Bitfury Private Placement definition establishes the share count, price, amount, and cash/debt-forgiveness structure.
Confirmed in the source:
- Bitfury Top HoldCo agreed to purchase 6,000,000 shares of common stock
- The price was $10.00 per share
- The aggregate $60,000,000 consideration was cash and/or forgiveness of indebtedness owed by Cipher to Bitfury
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312521295507/d383691d424b3.htm) in full (687,884 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 424B3 filed 2021-10-08
Quote: “Bitfury Top HoldCo agreed to subscribe for and purchase, and Good Works agreed to issue and sell to Bitfury Top HoldCo (or an affiliate of Bitfury Top HoldCo), an aggregate of 6,000,000 shares of our common stock at a purchase price of $10.00 per share for an aggregate of cash and/or forgiveness of outstanding indebtedness owed by Cipher to Bitfury Top HoldCo (or an affiliate of Bitfury Top HoldCo) of $60,000,000”