Convertible working capital loans
Company: Cipher Mining
The claim, verbatim
Up to $1,500,000 in working capital loans convertible to private placement-equivalent units at $10.00 per unit at lender's option
Source (primary)
Cipher Mining 10-K/A filed 2021-06-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Up to $1,500,000 of such working capital loans may be convertible into private placement-equivalent units at a price of $10.00 per unit at the option of the lender.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states this amount, conversion price, and lender option exactly.
Confirmed in the source:
- Up to $1,500,000 of working capital loans may be convertible into private placement-equivalent units at $10.00 per unit at the lender's option
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000121390021032312/f10k2020a2_goodworks.htm) in full (247,410 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-K/A filed 2021-06-14
Quote: “Up to $1,500,000 of such working capital loans may be convertible into private placement-equivalent units at a price of $10.00 per unit at the option of the lender.”