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Cipher Mining | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-V3 Holding Limited(46.2%),Valerijs Vavilovs(46.2%), etc.

SEC announcement ·  Feb 26 08:35
Summary by Moomoo AI
On February 26, 2024, Cipher Mining Inc. announced an amendment to its Schedule 13D filing with the SEC, indicating a significant distribution of shares by its parent company, Bitfury Group. The amendment, which is the fourth since the initial filing, details the distribution of 107,304,200 shares of Cipher Mining's common stock to Bitfury Group shareholders at no cost. This distribution is part of Bitfury Group's capital allocation strategy and was approved by its shareholders and Board of Directors. As a result of the distribution, V3 Holding Limited, the majority owner of Bitfury Group, will receive 50,314,484 shares. Additionally, Bitfury Group plans to transfer approximately 18.5 million shares to a special-purpose entity for the benefit of certain Bitfury Group employees. The amendment also restates the...Show More
On February 26, 2024, Cipher Mining Inc. announced an amendment to its Schedule 13D filing with the SEC, indicating a significant distribution of shares by its parent company, Bitfury Group. The amendment, which is the fourth since the initial filing, details the distribution of 107,304,200 shares of Cipher Mining's common stock to Bitfury Group shareholders at no cost. This distribution is part of Bitfury Group's capital allocation strategy and was approved by its shareholders and Board of Directors. As a result of the distribution, V3 Holding Limited, the majority owner of Bitfury Group, will receive 50,314,484 shares. Additionally, Bitfury Group plans to transfer approximately 18.5 million shares to a special-purpose entity for the benefit of certain Bitfury Group employees. The amendment also restates the beneficial ownership of Cipher Mining shares by various entities and individuals, including Bitfury Holding B.V., Bitfury Top HoldCo B.V., Bitfury Group Limited, V3 Holding Limited, and Valerijs Vavilovs, with V3 Holding Limited and Valerijs Vavilovs each holding a 46.2% stake in Cipher Mining. The filing includes a joint filing agreement signed by the involved parties.

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