secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001819989-26-000007
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Mining rebrands to Cipher Digital; sells 49% mining stakes for $40M; raises $3.73B bonds for HPC
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- Q4 2025 revenue of $60M; adjusted net loss of $55M.
- Sold 49% stake in Alborz, Bear, and Chief JV mining sites to Canaan for ~$40M in stock.
- Completed three high-yield bond offerings: $1.73B at 7.125% for Barber Lake and $2.0B at 6.125% for Black Pearl.
- Secured 600 MW HPC leases: 300 MW 15-year with AWS and 300 MW 10-year with Fluidstack/Google.
- Barber Lake ~95% long-lead equipment secured; Black Pearl engineering/procurement/construction underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/0001819989-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cifr-20260220.htm
  HTML page:      https://secwatch.observer/filing/0001819989-26-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer