SoftBank equity investment via PIPE transaction
Company: Cipher Mining
What the later record shows
Not a promise: a reported event · happened January 30, 2025
The claim reports that the SoftBank subscription agreement was signed on January 30, 2025. The 2025 cash flow statement also shows $50 million in PIPE proceeds.
“an aggregate of approximately 10,438,413 newly issued shares of our common stock, par value $0.001, at a per share purchase price of $4.79”
2025-02-24 · Cipher Mining 10-K filed 2025-02-25 View cached copy (2026-08-31)Live source ↗
“Proceeds from treasury stock reissued for PIPE investment 50,000”
2026-02-23 · Cipher Mining 10-K filed 2026-02-24 View cached copy (2026-08-31)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
On January 30, 2025, Cipher entered into a subscription agreement with Star Beacon LLC (a SoftBank subsidiary) to issue and sell approximately 10,438,413 shares of common stock at $4.79 per share for an aggregate purchase price of approximately $50 million
Source (primary)
Cipher Mining 8-K filed 2025-01-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On January 30, 2025 (the "Issuance Date"), Cipher Mining Inc. (the "Company" or "Cipher") entered into a subscription agreement (the "Subscription Agreement") with Star Beacon LLC, a wholly owned subsidiary of SoftBank Group Corp. ("SoftBank"), pursuant to which, among other things, SoftBank agreed to subscribe for and purchase from the Company, and the Company agreed to issue and sell to SoftBank, an aggregate of approximately 10,438,413 newly issued shares of the Company's common stock, par value $0.001 ("Common Stock"), at a per share purchase price of $4.79 for an aggregate purchase price of approximately $50 million”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states the date, counterparty, SoftBank ownership, share count, per-share price, and aggregate price exactly as claimed.
Confirmed in the source:
- Cipher Mining entered into a subscription agreement on January 30, 2025
- The counterparty was Star Beacon LLC, a wholly owned subsidiary of SoftBank Group Corp.
- Cipher agreed to issue and sell approximately 10,438,413 newly issued shares of common stock
- The per-share purchase price was $4.79
- The aggregate purchase price was approximately $50 million
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312525017265/d896808d8k.htm) in full (11,271 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 8-K filed 2025-01-30
Quote: “On January 30, 2025 (the "Issuance Date"), Cipher Mining Inc. (the "Company" or "Cipher") entered into a subscription agreement (the "Subscription Agreement") with Star Beacon LLC, a wholly owned subsidiary of SoftBank Group Corp. ("SoftBank"), pursuant to which, among other things, SoftBank agreed to subscribe for and purchase from the Company, and the Company agreed to issue and sell to SoftBank, an aggregate of approximately 10,438,413 newly issued shares of the Company's common stock, par value $0.001 ("Common Stock"), at a per share purchase price of $4.79 for an aggregate purchase price of approximately $50 million”