Merger Agreement with Good Works Acquisition Corp.
Company: Cipher Mining
The claim, verbatim
Cipher Mining Technologies Inc. agreed to merge with Good Works Acquisition Corp., whereby Cipher becomes a wholly-owned subsidiary of Good Works and Good Works changes its name to Cipher Mining Inc. Consideration is 200,000,000 shares of Good Works Common Stock valued at $10.00 per share.
Source (primary)
Cipher Mining 10-Q filed 2021-08-10 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On March 5 , 2021, the Company (or "Good Works") entered into an Agreement and Plan of Merger by and among Currency Merger Sub, Inc., a Delaware corporation and a wholly-owned direct subsidiary of the Company (" Merger Sub "), and Cipher Mining Technologies Inc., a Delaware corporation (" Cipher ")... each share of Cipher common stock, par value $0.001 issued and outstanding shall be converted into the right to receive four hundred thousand (400,000) shares of Good Works common stock... the aggregate Merger consideration received by the sole stockholder of Cipher equals two hundred million (200,000,000) shares of Good Works Common Stock (at a value of ten dollars ($10.00) per share).”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states each Cipher share converts into 400,000 Good Works shares with aggregate consideration of 200,000,000 shares at $10.00, Cipher becoming a wholly-owned subsidiary, and Good Works renaming to Cipher Mining Inc.
Confirmed in the source:
- Cipher Mining Technologies Inc. agreed to merge with Good Works Acquisition Corp. via Merger Sub, with Cipher as the surviving company and a wholly-owned subsidiary of Good Works
- Good Works will change its name to Cipher Mining Inc.
- Aggregate merger consideration to Cipher's sole stockholder equals 200,000,000 shares of Good Works Common Stock valued at $10.00 per share
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000121390021041397/f10q0621_goodworks.htm) in full (117,489 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-Q filed 2021-08-10
Quote: “On March 5 , 2021, the Company (or "Good Works") entered into an Agreement and Plan of Merger by and among Currency Merger Sub, Inc., a Delaware corporation and a wholly-owned direct subsidiary of the Company (" Merger Sub "), and Cipher Mining Technologies Inc., a Delaware corporation (" Cipher ")... each share of Cipher common stock, par value $0.001 issued and outstanding shall be converted into the right to receive four hundred thousand (400,000) shares of Good Works common stock... the aggregate Merger consideration received by the sole stockholder of Cipher equals two hundred million (200,000,000) shares of Good Works Common Stock (at a value of ten dollars ($10.00) per share).”