jain.com
The Analysis · Companies · People · Methodology

Capped call transactions for note conversion hedge

Company: Cipher Mining

Subject kind
financing
Statement date
2025-09-30
Promised amount
82700000.0 USD
Current status
stated

The claim, verbatim

Entered into capped call transactions to hedge against dilution from convertible note conversions, with total cost of approximately $82.7 million

Source (primary)

Cipher Mining 8-K filed 2025-10-01 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The cost of the Capped Call Transactions was approximately $82.7 million.”

How we checked this

Attempted on September 16, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312525225645/d52925d8k.htm) in full (15,723 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Cipher Mining 8-K filed 2025-10-01

Quote: “The cost of the Capped Call Transactions was approximately $82.7 million.”

View cached copy (2026-08-31)Live source ↗