Bitfury Private Placement
Company: Cipher Mining
The claim, verbatim
Bitfury Top HoldCo committed to invest $50 million in cash and/or debt forgiveness for 5,000,000 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: “Bitfury Top HoldCo agreed to subscribe for and purchase, and GWAC has agreed to issue and sell to Bitfury Top HoldCo, an aggregate of 5,000,000 shares GWAC 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 $50,000,000”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states Bitfury Top HoldCo agreed to purchase 5,000,000 shares at $10.00 per share for $50,000,000 in cash and/or debt forgiveness, establishing every assertion.
Confirmed in the source:
- Bitfury Top HoldCo agreed to purchase 5,000,000 shares of GWAC Common Stock
- the purchase price was $10.00 per share
- the $50,000,000 consideration was cash and/or forgiveness of indebtedness owed by Cipher to Bitfury Top HoldCo or an affiliate
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: “Bitfury Top HoldCo agreed to subscribe for and purchase, and GWAC has agreed to issue and sell to Bitfury Top HoldCo, an aggregate of 5,000,000 shares GWAC 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 $50,000,000”