Coinbase secured credit line
Company: Cipher Mining
The claim, verbatim
Cipher has a secured line of credit up to $25 million with Coinbase Credit, Inc.
Source (primary)
Cipher Mining 10-Q filed 2026-08-04 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “The Company has a master loan agreement with Coinbase Credit, Inc., as Lender, and Coinbase, Inc., as Lending Service Provider (the "Coinbase Master Loan Agreement"). Pursuant to the master loan agreement, the Company has a secured line of credit up to $ 25.0 million (the "Coinbase Overnight Credit Facility").”
How we checked this
Checked on September 2, 2026. The cited source supports every part of this claim.
Note 1 and Note 14 describe the Coinbase Master Loan Agreement and the $25.0 million secured line of credit.
Confirmed in the source:
- Cipher has a master loan agreement with Coinbase Credit, Inc. as lender
- The agreement provides a secured line of credit of up to $25.0 million
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000181998926000041/cifr-20260630.htm) in full (220,815 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-Q filed 2026-08-04
Quote: “The Company has a master loan agreement with Coinbase Credit, Inc., as Lender, and Coinbase, Inc., as Lending Service Provider (the "Coinbase Master Loan Agreement"). Pursuant to the master loan agreement, the Company has a secured line of credit up to $ 25.0 million (the "Coinbase Overnight Credit Facility").”