Cipher Digital prices $850M 0.00% convertible notes due 2032 and exchanges $165.9M of 2030 notes

Cipher Digital Inc.

Priced $850.0 million of 0.00% convertible senior notes due 2032 in a Rule 144A private offering, with a 13-day option for $150.0 million more.
Initial conversion price is about $15.31 per share, a 35.0% premium to the $11.34 close on October 13, 2026; capped call cap price is $28.35.
Concurrently exchanging roughly $165.9 million principal of its 1.75% Convertible Senior Notes due 2030 for about 40.7 million shares of CIFR common stock.
Estimated net proceeds of about $835.1 million, or $982.5 million if the option is fully exercised; about $89.7 million funds capped call costs.
Remainder funds the Barber Lake project, HPC build-out and development pipeline; notes settle October 16, 2026 and mature November 1, 2032.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.