secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2026-10-13T12:10:47+00:00
Accession:  0001193125-26-419743
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000119312526419743/0001193125-26-419743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000119312526419743/d134900d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-419743

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