Cipher Mining disclosed a major transaction involving shareholder V3 Holding Ltd in a May 13, 2026, filing. V3 Holding entered a variable prepaid forward sale contract on May 11, 2026. The agreement provided the shareholder with an upfront payment of $100 million.
V3 Holding pledged 5,675,984 shares as collateral for the future delivery of stock. The final number of shares delivered depends on the stock price relative to a $21.4332 floor and a $32.1498 cap. Settlement will occur across six tranches between April and June 2027.
V3 Holding retains voting rights for the pledged shares. These rights remain in effect unless an event of default occurs.