{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-424297","form_type":"8-K","ticker":"CIFR","cik":"0001819989","company_name":"Cipher Digital Inc.","filed_at":"2026-10-16T21:26:24+00:00","discovered_at":"2026-10-16T21:28:00.269851+00:00","generated_at":"2026-10-16T21:28:07.795682+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cipher Digital prices $850M 0.00% convertible notes due 2032; swaps $165.9M of 2030 notes for 40.7M shares","bullets":["$850.0M 0.00% convertible senior notes due Nov 1, 2032; initial conversion price ~$15.31/share (65.3211 shares per $1,000 principal).","Concurrent 2030 notes exchange retired ~$165.9M of 1.75% converts for ~40.7M shares; ~$6.6M of 2030 notes remain outstanding.","Capped call transactions cost ~$89.7M with initial cap price $28.35, a 150% premium to the Oct 13, 2026 closing price, to offset dilution.","Notes redeemable for cash on/after Nov 5, 2029 if stock exceeds 130% of conversion price; holders may require repurchase Nov 1, 2030.","Default settlement method switched to physical settlement for outstanding 2030 and 2031 convertible notes for conversions on/after Oct 16, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-424297","json":"https://secwatch.observer/filing/0001193125-26-424297.json","markdown":"https://secwatch.observer/filing/0001193125-26-424297.md","text":"https://secwatch.observer/filing/0001193125-26-424297.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819989/000119312526424297/0001193125-26-424297-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819989/000119312526424297/d313847d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-16T21:28:07.795682+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}