PIPE Investment Commitment
Company: Cipher Mining
The claim, verbatim
PIPE investors committed to invest $375 million in cash for 37,500,000 shares at $10.00 per share
Source (primary)
Cipher Mining 424B3 filed 2021-08-02 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the PIPE Investors have agreed to subscribe for and purchase, and GWAC has agreed to issue and sell to the PIPE Investors, an aggregate of 37,500,000 shares GWAC Common Stock at a purchase price of $10.00 per share for consideration comprising payments of cash of $375,000,000”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states the PIPE Investors agreed to purchase 37,500,000 shares at $10.00 per share for $375,000,000 in cash, establishing every assertion.
Confirmed in the source:
- PIPE Investors agreed to purchase 37,500,000 shares of GWAC Common Stock
- the purchase price was $10.00 per share
- the consideration comprised cash payments of $375,000,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312521233343/d127963d424b3.htm) in full (2,299,100 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 424B3 filed 2021-08-02
Quote: “the PIPE Investors have agreed to subscribe for and purchase, and GWAC has agreed to issue and sell to the PIPE Investors, an aggregate of 37,500,000 shares GWAC Common Stock at a purchase price of $10.00 per share for consideration comprising payments of cash of $375,000,000”