{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-26-008994","form_type":"8-K","ticker":"CIFR","cik":"0001819989","company_name":"Cipher Digital Inc.","filed_at":"2026-06-15T21:24:58+00:00","discovered_at":"2026-06-15T21:26:00.346765+00:00","generated_at":"2026-06-15T21:26:15.611505+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cipher Digital subsidiary closes $810M 6% senior secured notes due 2031 for data center","bullets":["Stingray Compute LLC issued $810M aggregate principal of 6.000% Senior Secured Notes at 99.750% of par.","Notes mature June 15, 2031; interest payable semiannually on June 15 and December 15 starting Dec 2026.","Proceeds: finance remaining cost of Stingray Facility (high-performance computing data center in Andrews, TX), reimburse $61.5M equity, fund debt service reserves.","Cipher provides a completion guarantee to fund any shortfall for timely completion of the Stingray Facility.","Indenture includes covenants limiting additional indebtedness, dividends, liens, and asset sales; change-of-control put at 101%."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-26-008994","json":"https://secwatch.observer/filing/0000950103-26-008994.json","markdown":"https://secwatch.observer/filing/0000950103-26-008994.md","text":"https://secwatch.observer/filing/0000950103-26-008994.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819989/000095010326008994/0000950103-26-008994-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819989/000095010326008994/dp248453_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T21:26:15.611505+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":[{"claim_id":"394a546965e2dce48c36fdc2dd02ad0fd41799df","claim":"Cipher Digital Inc. entered into a underwriting with Morgan Stanley & Co. LLC (effective 2026-06-08).","evidence_excerpt":"The notes were sold under a purchase agreement, dated as of June 8, 2026, entered into by and among the Company, Cipher Stingray LLC, a wholly-owned subsidiary of Stingray Compute (the “Subsidiary Guarantor”), and Morgan Stanley & Co. LLC as representative of the initial purchasers","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819989/000095010326008994/0000950103-26-008994-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Morgan Stanley & Co. LLC"},{"label":"Effective","value":"2026-06-08"}],"fact_type":"material_agreement"},{"claim_id":"8559e0f296ddbdf48f1872d02385023a82e39935","claim":"Cipher Digital Inc. entered into Indenture with Wilmington Trust, National Association valued at $810.0 million (effective 2026-06-15).","evidence_excerpt":"On June 15, 2026, Stingray Compute, the Subsidiary Guarantor and Cipher Stingray Holdings LLC, direct parent of Cipher Compute, entered into an indenture (the “Indenture”) with respect to the notes with Wilmington Trust, National Association, as trustee (the “Trustee”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819989/000095010326008994/0000950103-26-008994-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Value","value":"$810.0 million"},{"label":"Effective","value":"2026-06-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}