Cipher Digital Announces Pricing of Private Offering of $850.0 Million of 0.00% Convertible Senior Notes Due 2032 and Concurrent Exchange of Convertible…
Cipher Digital Inc. (CIFR) filed an SEC Form 8-K — Other Events. Exhibit 99.1 Cipher Digital Announces Pricing of Private Offering of $850.0 Million of 0.00% Convertible Senior Notes Due 2032 and Concurrent Exchange of Convertible Senior Notes Due 2030 NEW YORK – October 14, 2026 – Cipher Digital Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”),
How this was made
The 30-second read
Why it matters
The note pricing introduces a sizable financing event with conversion terms that could affect share supply and price dynamics.
Market read
First‑report disclosure of a $850M convertible note offering, a material financing event for a mid‑cap tech stock.
What to watch
Potential upside from the Barber Lake project and capped call transactions may mitigate dilution impact.
Background
Cipher Digital is a NASDAQ‑listed developer of industrial‑scale data centers seeking to fund expansion and HPC strategy.
Ticker impact
Cipher Digital priced a private $850M 0.00% convertible senior notes due 2032, with net proceeds of ~$835M.
likely modest downward pressure as dilution concerns outweigh cash infusion in the short term
Convertible notes add potential share count; investors may sell while the market digests the financing terms.
Market effects
Adds to financing activity in the data center and cloud infrastructure sector.
Primarily affects US-listed tech financing landscape.
Limited to investors tracking mid‑cap tech issuers and convertible note markets.
Counterpoint
The cash could fund high‑growth HPC projects that boost long‑term earnings, offsetting dilution concerns.
Key entities
- CompanyCipher Digital Inc.
Issuer of the convertible senior notes.
