secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2026-06-08T11:25:48+00:00
Accession:  0000950103-26-008635
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Digital subsidiary plans $810M senior secured notes offering for data center financing
--------------------------------------------------------------------------------

- Stingray Compute LLC intends to offer $810M in senior secured notes due 2031 in a private placement.
- Net proceeds will finance remaining Stingray facility cost, reimburse $63.6M in equity contributions, and fund debt service reserves.
- Notes are guaranteed by Cipher Stingray and secured by substantially all assets of the issuer and guarantor.
- Cipher Digital provides a completion guarantee for the Stingray facility if note proceeds are insufficient.
- Offering is subject to market conditions; no assurance of completion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000095010326008635/0000950103-26-008635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000095010326008635/dp248110_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-008635

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer