Convertible working capital loans
Company: Cipher Mining
The claim, verbatim
Up to $1,500,000 of working capital loans convertible into private placement units at $10.00 per unit
Source (primary)
Cipher Mining 10-K/A filed 2021-05-07 (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 23, 2026. The cited source supports every part of this claim.
The filing states that up to $1,500,000 of working capital loans may be converted into private placement units at $10.00 per unit, at the lender's option.
Confirmed in the source:
- Up to $1,500,000 of working capital loans may be convertible at the lender's option
- The conversion would be into private placement(-equivalent) units
- The conversion price is $10.00 per unit
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000121390021025203/f10k2020a1_goodworks.htm) in full (249,888 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-K/A filed 2021-05-07
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.”