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Business Combination (Tables) | 8 Months Ended
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Sep. 30, 2021
Business Combinations [Abstract] |
Schedule of Reconciliation of Elements of Business Combination | The following table reconciles the elements of the Business Combination to the unaudited statement of cash flows and the unaudited statement of stockholders’ equity (deficit) for the eight months ended September 30, 2021.
|  | Recapitalization |
Cash - GWAC trust and cash, net of redemptions |  | $ | 43,197,478 |
Cash - PIPE Financing |  |  | 322,350,000 |
Cash, subscription receivable and/or debt forgiveness - Bitfury Private Placement |  |  | 60,000,000 |
Add: Non-cash net assets assumed from GWAC |  |  | 433,186 |
Less: Subscription receivable - Bitfury Private Placement |  |  | (1,690,351 | )
Less: Fair value of private warrants |  |  | (261,060 | )
Less: Transaction costs and advisory fees allocated to equity |  |  | (40,965,106 | )
Net Business Combination |  |  | 383,064,147 |
Less: Non-cash net assets assumed from GWAC |  |  | (433,186 | )
Less: Transaction costs and advisory fees allocated to warrants |  |  | (102,432 | )
Add: Fair value of private warrants |  |  | 261,060 |
Add: Accrued transaction costs and advisor fees |  |  | 1,063,416 |
Net cash contributions from Business Combination |  | $ | 383,853,005 |
Schedule of Common Stock Issued Following the Consummation of Business Combination | The number of shares of Common Stock issued immediately following the consummation of the Business Combination was as follows:
Common stock of GWAC, net of redemptions |  |  | 4,345,619 |
GWAC founder shares |  |  | 3,572,500 |
GWAC private placement shares |  |  | 228,000 |
Shares issued in PIPE Financing |  |  | 32,235,000 |
Shares issued in the Bitfury Private Placement |  |  | 6,000,000 |
Business Combination, PIPE Financing and Bitfury Private Placement shares - Common Stock |  |  | 46,381,119 |
Cipher common shares issued in Business Combination (1) |  |  | 200,000,000 |
Shares outstanding |  |  | 246,381,119 |
(1) The number of Cipher common shares outstanding immediately prior to the Business Combination was 500 shares converted at the Exchange Ratio.

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- Definition Schedule of reconciliation of elements of business combination. + References No definition available. + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of the equity interest issued or issuable in a business acquisition (or series of individually immaterial business acquisitions) planned, initiated, or completed during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b)(4) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 + Details
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