Merger with Good Works Acquisition Corp
Company: Cipher Mining
What the later record shows
Delivered late · happened August 27, 2021
The merger was expected to close in Q2 2021 (by 2021-06-30). A later 10-Q states it was consummated on August 27, 2021, and the combined company was named Cipher Mining Inc.
“On August 27, 2021, as contemplated by the Agreement and Plan of Merger dated as of March 4, 2021 (the “Merger Agreement”), by and among GWAC”
2022-08-08 · Cipher Mining 10-Q filed 2022-08-09 View cached copy (2026-09-13)Live source ↗
“Following the Business Combination, the combined company was named Cipher Mining Inc.”
2022-08-08 · Cipher Mining 10-Q filed 2022-08-09 View cached copy (2026-09-13)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Cipher Mining Technologies Inc. entered into a Merger Agreement on March 5, 2021 with Good Works Acquisition Corp, whereby Cipher shareholders will receive 200,000,000 shares of Good Works common stock in exchange for all outstanding Cipher common stock. The merged entity will be named Cipher Mining Inc. and is expected to close in Q2 2021.
Source (primary)
Cipher Mining 10-Q/A filed 2021-06-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On March 5, 2021, the Company entered into an Agreement and Plan of Merger with Cipher Mining Technologies Inc., a Delaware corporation... the aggregate Merger consideration received by the sole stockholder of Cipher equals two hundred million (200,000,000) shares of Good Works Common Stock... Good Works will change its name to Cipher Mining Inc... The Business Combination is expected to close in the second quarter of 2021”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states the March 5, 2021 merger agreement, the 200,000,000-share aggregate consideration to Cipher's sole stockholder, the renaming to Cipher Mining Inc., and an expected Q2 2021 close.
Confirmed in the source:
- Cipher Mining Technologies Inc. and Good Works Acquisition Corp entered into a Merger Agreement on March 5, 2021
- Cipher's stockholder will receive aggregate merger consideration of 200,000,000 shares of Good Works common stock in exchange for all outstanding Cipher common stock
- Good Works will change its name to Cipher Mining Inc. in connection with the merger
- The business combination was expected to close in the second quarter of 2021
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000121390021032323/f10q0321a1_goodworksacq.htm) in full (122,139 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-Q/A filed 2021-06-14
Quote: “On March 5, 2021, the Company entered into an Agreement and Plan of Merger with Cipher Mining Technologies Inc., a Delaware corporation... the aggregate Merger consideration received by the sole stockholder of Cipher equals two hundred million (200,000,000) shares of Good Works Common Stock... Good Works will change its name to Cipher Mining Inc... The Business Combination is expected to close in the second quarter of 2021”
confirms Cipher Mining 10-Q filed 2022-08-09
Quote: “On August 27, 2021, as contemplated by the Agreement and Plan of Merger dated as of March 4, 2021 (the “Merger Agreement”), by and among GWAC”