Exchange of $165.9M of 1.75% 2030 convertible notes for ~40.7M shares

Checked on October 16, 2026. The cited source supports every part of this claim.

The 8-K states the company expects, concurrently with the offering and in privately negotiated transactions, to exchange about $165.9 million of its 1.75% 2030 notes for about 40.7 million shares, inclusive of accrued interest.

Confirmed in the source:

• The exchange is concurrent with the notes offering
• The company expects, rather than has completed, the exchange
• About $165.9 million principal amount of 1.75% Convertible Senior Notes due 2030 is to be exchanged
• The consideration is about 40.7 million shares of common stock, inclusive of accrued interest
• The exchange is through separate, privately negotiated transactions with a limited number of holders

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312526421035/d77312d8k.htm) in full (4,038 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.

confirms Cipher Mining 8-K filed 2026-10-14

Quote: “the Company expects to exchange approximately $165.9 million principal amount of the 2030 notes for aggregate consideration (inclusive of accrued interest) consisting of approximately 40.7 million shares of the Company’s common stock”

View cached copy (2026-10-15)Live source ↗