PIPE Investment
Company: Cipher Mining
The claim, verbatim
PIPE investors committed to purchase 37.5 million shares at $10.00 per share for $375 million in cash
Source (primary)
Cipher Mining S-4/A filed 2021-07-26 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “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 cash of $375,000,000, matching every element of the claim.
Confirmed in the source:
- PIPE Investors agreed to purchase an aggregate of 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/1819989/000119312521224426/d127963ds4a.htm) in full (2,325,521 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining S-4/A filed 2021-07-26
Quote: “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”