---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-125152"
form_type: "8-K"
ticker: "CIFR"
cik: "0001819989"
company_name: "Cipher Digital Inc."
filed_at: "2025-05-22T23:59:59+00:00"
generated_at: "2026-05-20T18:41:44.495736+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cipher Mining issues $172.5M 1.75% convertible senior notes due 2030, conversion price ~$4.45

## Summary
- Issued $172.5M aggregate principal of 1.75% Convertible Senior Notes due May 15, 2030.
- Initial conversion rate 224.9213 shares per $1,000 principal, conversion price approx. $4.45/share.
- Concurrent Delta Placement: sold 17.54M shares borrowed from third parties to facilitate hedging.
- Notes are senior unsecured, redeemable at company option after May 22, 2028 under price conditions.
- Interest payable semi-annually on May 15 and Nov 15, beginning Nov 15, 2025.

## SEC filing metadata
- accession: 0001193125-25-125152
- form_type: 8-K
- ticker: CIFR
- cik: 0001819989
- company_name: Cipher Digital Inc.
- filed_at: 2025-05-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819989/000119312525125152/0001193125-25-125152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819989/000119312525125152/d86394d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-125152
- JSON: https://secwatch.observer/filing/0001193125-25-125152.json
- Plain text: https://secwatch.observer/filing/0001193125-25-125152.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.