Estimated net proceeds from convertible notes offering
Company: Cipher Mining
The claim, verbatim
Cipher estimates net proceeds of approximately $835.1 million, or approximately $982.5 million if the option for additional notes is exercised in full, after initial purchasers' discounts and commissions but before offering expenses.
Source (primary)
cipher-mining 8-K exhibit (d77312dex991.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-15)Live source ↗
Quote: “Cipher estimates that the net proceeds to it from the offering will be approximately $835.1 million (or approximately $982.5 million if the initial purchasers exercise in full their option to purchase additional notes)”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The document gives both net proceeds figures and states they are after purchasers' discounts and commissions but before offering expenses.
Confirmed in the source:
- Cipher estimates net proceeds of approximately $835.1 million
- Net proceeds would be approximately $982.5 million if the initial purchasers exercise their option for additional notes in full
- The estimate is after deducting initial purchasers' discounts and commissions but before Cipher's estimated offering expenses
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000119312526421035/d77312dex991.htm) in full (15,162 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (d77312dex991.htm)
Quote: “Cipher estimates that the net proceeds to it from the offering will be approximately $835.1 million (or approximately $982.5 million if the initial purchasers exercise in full their option to purchase additional notes)”