Capped call on 2032 convertible notes
Company: Cipher Mining
The claim, verbatim
Cipher bought a capped call on the $850 million note issuance at a 150% premium, preventing shareholder dilution below a conversion price of $28.35 per share.
Source (primary)
cipher-mining 8-K exhibit (cipherdigital_businessup.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-03)Live source ↗
Quote: “Cipher also purchased a capped call for its $850 million note issuance at a 150% conversion premium, preventing any shareholder dilution beneath conversion at $28.35 / share”
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 (cipherdigital_businessup.htm)
Quote: “Cipher also purchased a capped call for its $850 million note issuance at a 150% conversion premium, preventing any shareholder dilution beneath conversion at $28.35 / share”