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

Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001193125-25-017265
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Mining raises $50M via PIPE investment from SoftBank Group at $4.79 per share
--------------------------------------------------------------------------------

- SoftBank (Star Beacon LLC) purchased ~10.44M newly issued shares at $4.79 for ~$50M total.
- Proceeds will support Cipher's HPC data center development business.
- Cipher agreed to not negotiate sale of Barber Lake property with others until Feb 28, 2025.
- Registration rights agreement filed; SoftBank gets demand and piggyback rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000119312525017265/0001193125-25-017265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000119312525017265/d896808d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-017265

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