Bitfury private placement subscription
Company: Cipher Mining
The claim, verbatim
Cipher Stockholder will subscribe for 5,000,000 shares at $10.00 per share for $50,000,000 benefit-in-kind commitment
Source (primary)
Cipher Mining S-4 filed 2021-05-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Cipher Stockholder agreed to subscribe for and purchase...an aggregate of 5,000,000 shares GWAC Common Stock at a purchase price of $10.00 per share for benefit-in-kind commitment...of $50,000,000”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the share count, per-share price, and the $50,000,000 benefit-in-kind commitment of the Bitfury Private Placement.
Confirmed in the source:
- Cipher Stockholder agreed to subscribe for 5,000,000 shares
- 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/1819989/000119312521161188/d127963ds4.htm) in full (2,164,105 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining S-4 filed 2021-05-14
Quote: “Cipher Stockholder agreed to subscribe for and purchase...an aggregate of 5,000,000 shares GWAC Common Stock at a purchase price of $10.00 per share for benefit-in-kind commitment...of $50,000,000”