Concurrent exchange of 2030 convertible notes for shares
Company: Cipher Mining
The claim, verbatim
Concurrently with the offering, Cipher expects to exchange approximately $165.9 million principal amount of its 1.75% convertible senior notes due 2030 for approximately 40.7 million shares of common stock in privately negotiated transactions.
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 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 Cipher's common stock”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The document describes the concurrent exchange of about $165.9 million of 1.75% 2030 notes for about 40.7 million shares in privately negotiated transactions.
Confirmed in the source:
- The exchange is expected to occur concurrently with the offering
- Cipher expects to exchange approximately $165.9 million principal amount of 2030 notes
- The 2030 notes are Cipher's 1.75% Convertible Senior Notes due 2030
- The consideration is approximately 40.7 million shares of common stock (inclusive of accrued interest)
- The exchanges are separate, privately negotiated transactions with a limited number of holders
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 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 Cipher's common stock”