Minimum market capitalization covenant
Company: Cipher Mining
The claim, verbatim
Company must maintain minimum market capitalization of not less than $3,000,000,000 as a condition to borrowing under the facility
Source (primary)
Cipher Mining 8-K filed 2026-03-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “as a condition to each borrowing under the Revolving Credit Facility, the Company is required to be in compliance with a minimum Market Capitalization of not less than $3,000,000,000.”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The filing makes a $3 billion minimum market capitalization a condition to each borrowing under the revolver.
Confirmed in the source:
- As a condition to each borrowing under the facility, the company must be in compliance with a minimum market capitalization of not less than $3,000,000,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000095010326004609/dp244113_8k.htm) in full (8,127 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 8-K filed 2026-03-25
Quote: “as a condition to each borrowing under the Revolving Credit Facility, the Company is required to be in compliance with a minimum Market Capitalization of not less than $3,000,000,000.”