---
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"
generated_at: "2026-10-16T21:28:07.795682+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cipher Digital prices $850M 0.00% convertible notes due 2032; swaps $165.9M of 2030 notes for 40.7M shares

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-424297
- JSON: https://secwatch.observer/filing/0001193125-26-424297.json
- Plain text: https://secwatch.observer/filing/0001193125-26-424297.txt

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