Post-merger board composition
Company: Cipher Mining
What the later record shows
Outcome not yet confirmed
The only passage on board composition (P3, Aug 2021) restates the planned seven-member board before closing. No later passage confirms the board was actually constituted that way.
“Pursuant to the Merger Agreement, the New Cipher Board will consist of (i) six (6) directors designated by Cipher and (ii) one (1) director selected by GWAC.”
2021-08-01 · Cipher Mining 424B3 filed 2021-08-02 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
Following the merger, Cipher Mining Inc.'s board will consist of seven directors, with one director designated by Good Works.
Source (primary)
Cipher Mining 10-Q/A filed 2021-06-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Cipher Mining Inc.'s board of directors shall consist of seven directors, which directors shall be nominated pursuant to the Merger Agreement, which nominees include one Good Works designee”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states the post-closing board will have seven directors, with nominees that include one Good Works designee.
Confirmed in the source:
- After the merger closes, Cipher Mining Inc.'s board will consist of seven directors
- One of the board nominees is a Good Works designee
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: “Cipher Mining Inc.'s board of directors shall consist of seven directors, which directors shall be nominated pursuant to the Merger Agreement, which nominees include one Good Works designee”