secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2026-06-15T21:24:58+00:00
Accession:  0000950103-26-008994
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Digital subsidiary closes $810M 6% senior secured notes due 2031 for data center
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000095010326008994/0000950103-26-008994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000095010326008994/dp248453_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-008994

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