secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001193125-25-225645
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Mining issues $1.3B zero-coupon convertible notes due 2031; conversion price ~$16.03
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000119312525225645/0001193125-25-225645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000119312525225645/d52925d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-225645

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