Cipher Digital Inc. (CIFR): debt financing — Cipher Mining issues $1.3B zero-coupon convertible notes due 2031; conversion price ~$16.03

Cipher Digital Inc.

$1.3B aggregate principal of 0.00% Convertible Senior Notes due 2031 issued Sep 30, 2025.
Initial conversion rate: 62.3733 shares/$1,000, conversion price ~$16.03 per CIFR share.
Capped call transactions cost $82.7M; cap price $23.32 (100% premium over Sep 25 close).
Notes mature Oct 1, 2031; redeemable after Oct 5, 2028 if stock >130% of conversion price.
Noteholders have optional repurchase right on Oct 1, 2029 if not previously redeemed.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Cipher Digital Inc. incurred convertible notes of $1,300,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 0.00% maturing October 1, 2031.

Instrument: convertible notes
Principal: $1,300,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0.00%
Maturity: October 1, 2031
Event: incurrence

Exact text from the filing

On September 30, 2025, Cipher Mining Inc. (the “Company”) issued $1,300,000,000 aggregate principal amount of its 0.00% Convertible Senior Notes due 2031 (the “Notes”).

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315 debt financings filed in the last 30 days. Browse all debt financings →

Cipher Digital Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-225645

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