Cipher Digital Inc. (CIFR): Entry into a Material Definitive Agreement
Cipher Digital Inc. (CIFR) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 CIPHER DIGITAL INC. NOTICE OF CHANGE IN DEFAULT SETTLEMENT METHOD 1.75% CONVERTIBLE SENIOR NOTES DUE 2030 (CUSIP/ISIN NUMBERS: 17253J AA4 / US17253JAA43)* October 16, 2026 Reference is made to the First Supplemental Indenture, dated as of May 22, 2025 (the “ Suppleme
How this was made
The 30-second read
Why it matters
The change is procedural and does not alter the company's capital structure or immediate financial outlook.
Market read
A filing of technical note‑settlement terms; minimal immediate market impact.
What to watch
Potential tax or regulatory implications of physical settlement for note holders.
Background
Cipher Digital Inc., formerly Cipher Mining, filed a Form 8‑K reporting a change in default settlement method for its convertible senior notes.
Ticker impact
SEC 8‑K filing announces change to physical settlement for its convertible senior notes due 2030 and 2031.
likely minimal pressure as investors assess note conversion terms
The filing is a primary disclosure of a procedural change; no new financing or earnings impact is indicated.
Market effects
Limited impact on the broader crypto‑mining sector; mainly a note‑holder technical update.
U.S. market only, no broader regional effect.
Low global relevance.
Counterpoint
If the physical settlement triggers higher conversion rates, the equity could see upside pressure.
Key entities
- companyCipher Digital Inc.
Issuer of the convertible senior notes.
- trusteeU.S. Bank Trust Company, National Association
Trustee for the notes.




