# CYPHERPUNK TECHNOLOGIES INC. (CYPH) — restructuring/exchange_offer [announced]
Source: sec.gov · situation sit_85e9b60f94616c6aaec5 · public 5769301742110034080 · retrieved 2026-08-20T14:08:10.940Z

## Overview
Cypherpunk Technologies Inc. is a public reporting company engaged in identifying, developing, investing in, and acquiring privacy-enhancing technologies with a primary focus on the Zcash ecosystem.

On August 17, 2026, Cypherpunk Technologies Inc. completed an asset purchase agreement with Moria Mining, LLC and Winklevoss Treasury Investments, LLC (WTI) to acquire cryptocurrency mining equipment and hosting agreements for $33,333,333 in consideration. The purchase price was satisfied by issuing a pre-funded warrant to WTI to purchase 43,290,042 shares of common stock at an exercise price of $0.001 per share. The warrant includes a beneficial ownership limitation of 19.99% and is subject to stockholder approval for issuance of warrant shares in excess of 5,377,442 shares (approximately 4.99% of outstanding shares). WTI, which beneficially owns 19.9% of the Company's stock and has the right to designate two directors, has agreed to vote all its securities in favor of stockholder proposals to approve the warrant issuance.

## Terms
- Counterparty: Moria Mining, LLC and Winklevoss Treasury Investments, LLC · Deal value: $33.3M · Consideration: stock · Price/share: $0.77

## Key dates
- Announced 2026-08-18

## Timeline
- 2026-08-18 · 8-K (0001104659-26-098120): 8-K - CYPHERPUNK TECHNOLOGIES INC. — *Cypherpunk Technologies Inc. is a public reporting company engaged in identifying, developing, investing in, and acquiring privacy-enhancing technologies with a primary focus on the Zcash ecosystem.* On August 17, 2026, Cypherpunk Technologies Inc. completed an asset purchase agreement with Moria Mining, LLC and Winklevoss Treasury Investments, LLC (WTI) to acquire cryptocurrency mining equipment and hosting agreements for $33,333,333 in consideration. The purchase price was satisfied by issuing a pre-funded warrant to WTI to purchase 43,290,042 shares of common stock at an exercise price of $0.001 per share. The warrant includes a beneficial ownership limitation of 19.99% and is subject to stockholder approval for issuance of warrant shares in excess of 5,377,442 shares (approximately 4.99% of outstanding shares). WTI, which beneficially owns 19.9% of the Company's stock and has the right to designate two directors, has agreed to vote all its securities in favor of stockholder proposals to approve the warrant issuance.
  https://www.sec.gov/Archives/edgar/data/1509745/0001104659-26-098120.txt

## Citations
- 0001104659-26-098120 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926098120