secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2026-10-14T11:49:45+00:00
Accession:  0001193125-26-421035
Event type: debt
Sentiment:  neutral
Materiality: 0.72
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000119312526421035/0001193125-26-421035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000119312526421035/d77312d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-421035

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