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

Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2025-05-22T23:59:59+00:00
Accession:  0001193125-25-125152
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000119312525125152/0001193125-25-125152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000119312525125152/d86394d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-125152

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