---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-419743"
form_type: "8-K"
ticker: "CIFR"
cik: "0001819989"
company_name: "Cipher Digital Inc."
filed_at: "2026-10-13T12:10:47+00:00"
generated_at: "2026-10-13T12:15:12.990471+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cipher Digital proposes $850M 0.00% convertible notes due 2032, concurrent exchange of 2030 notes

## Summary
- $850.0M aggregate principal of 0.00% convertible senior notes due Nov 1, 2032, offered privately to QIBs under Rule 144A; 13-day option for up to $150.0M more.
- Concurrently, Cipher expects privately negotiated exchanges of a portion of its outstanding 1.75% Convertible Senior Notes due 2030 for shares of common stock.
- Net proceeds to fund capped call transactions, additional equity investment in the Barber Lake project, HPC build-out, pipeline expansion and general corporate purposes.
- Notes are senior unsecured, bear no regular interest and do not accrete; redeemable on or after Nov 5, 2029 if stock exceeds 130% of conversion price.
- Initial conversion rate and other terms set at pricing; J. Wood Capital Advisors LLC is financial advisor; capped calls aim to reduce dilution.

## SEC filing metadata
- accession: 0001193125-26-419743
- form_type: 8-K
- ticker: CIFR
- cik: 0001819989
- company_name: Cipher Digital Inc.
- filed_at: 2026-10-13T12:10:47+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819989/000119312526419743/0001193125-26-419743-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819989/000119312526419743/d134900d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-419743
- JSON: https://secwatch.observer/filing/0001193125-26-419743.json
- Plain text: https://secwatch.observer/filing/0001193125-26-419743.txt

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