---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-421035"
form_type: "8-K"
ticker: "CIFR"
cik: "0001819989"
company_name: "Cipher Digital Inc."
filed_at: "2026-10-14T11:49:45+00:00"
generated_at: "2026-10-14T11:55:09.499879+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-421035
- form_type: 8-K
- ticker: CIFR
- cik: 0001819989
- company_name: Cipher Digital Inc.
- filed_at: 2026-10-14T11:49:45+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819989/000119312526421035/0001193125-26-421035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819989/000119312526421035/d77312d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-421035
- JSON: https://secwatch.observer/filing/0001193125-26-421035.json
- Plain text: https://secwatch.observer/filing/0001193125-26-421035.txt

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