Bitfury Private Placement Commitment
Company: Cipher Mining
The claim, verbatim
Bitfury Top HoldCo will subscribe for and purchase 5,000,000 shares of GWAC common stock at $10.00 per share for a $50 million benefit-in-kind commitment
Source (primary)
Cipher Mining S-4/A filed 2021-06-15 (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 benefit-in-kind commitment (such benefit-in-kind as may be provided from time to time) 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 will purchase 5,000,000 shares at $10.00 per share for a $50 million benefit-in-kind commitment.
Confirmed in the source:
- Bitfury Top HoldCo agreed to subscribe for and purchase 5,000,000 shares of GWAC common stock
- The purchase price is $10.00 per share
- The consideration is a benefit-in-kind commitment of $50,000,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312521190374/d127963ds4a.htm) in full (2,271,721 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining S-4/A filed 2021-06-15
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 benefit-in-kind commitment (such benefit-in-kind as may be provided from time to time) of $50,000,000”