{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-014194","form_type":"8-K","ticker":"CIFR","cik":"0001819989","company_name":"Cipher Digital Inc.","filed_at":"2025-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.599390+00:00","generated_at":"2026-05-17T00:41:39.657916+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"medium","headline":"Cipher Mining discloses illustrative financials for 244 MW HPC data center lease with Fluidstack","bullets":["Projected total rent revenue of ~$3.0B over lease term (2026-2036).","Year 1 opex estimated at ~$36M, escalating 3% annually; 8.0% illustrative coupon on debt.","Backstop debt of $1.4B amortizes over lease; 50% excess cash flow offer assumed.","Lease commencement assumed September 30, 2026; final terms subject to financing.","Illustrative NOI margins shown, but figures are projections, not guidance."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-014194","json":"https://secwatch.observer/filing/0000950103-25-014194.json","markdown":"https://secwatch.observer/filing/0000950103-25-014194.md","text":"https://secwatch.observer/filing/0000950103-25-014194.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819989/000095010325014194/0000950103-25-014194-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819989/000095010325014194/dp236870_8k-financials.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:41:39.657916+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}