Merger consideration valuation
Company: Cipher Mining
The claim, verbatim
Cipher Mining Technologies Inc.'s sole stockholder will receive 200 million shares of Good Works Common Stock valued at $10 per share as merger consideration
Source (primary)
Cipher Mining 10-Q filed 2021-05-07 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “ensure the aggregate Merger consideration received by the sole stockholder of Cipher equals two hundred million (200,000,000) shares of Good Works Common Stock (at a value of ten dollars ($10.00) per share)”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The filing states that the exchange ratio will be adjusted so that Cipher's sole stockholder receives 200 million Good Works shares at a value of $10.00 per share.
Confirmed in the source:
- Cipher's sole stockholder will receive aggregate merger consideration of 200,000,000 shares of Good Works Common Stock
- Those shares are valued at $10.00 per share
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000121390021025207/f10q0321_goodworksacq.htm) in full (110,954 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-Q filed 2021-05-07
Quote: “ensure the aggregate Merger consideration received by the sole stockholder of Cipher equals two hundred million (200,000,000) shares of Good Works Common Stock (at a value of ten dollars ($10.00) per share)”