Initial conversion price of ~$16.03 per share
Company: Cipher Mining
The claim, verbatim
The initial conversion rate is 62.3733 shares per $1,000 principal, an initial conversion price of about $16.03 per share, roughly a 37.5% premium to the $11.66 closing price on September 25, 2025.
Source (primary)
cipher-mining 8-K exhibit (d936051dex991.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-01)Live source ↗
Quote: “which represents an initial conversion price of approximately $16.03 per share of common stock”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms cipher-mining 8-K exhibit (d936051dex991.htm)
Quote: “which represents an initial conversion price of approximately $16.03 per share of common stock”