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Convertible Notes Initial Conversion Terms

Company: Cipher Mining

Subject kind
financing
Statement date
2025-05-21
Promised amount
4.45 USD
Current status
stated

The claim, verbatim

Initial conversion rate of 224.9213 shares per $1,000 principal amount, representing an initial conversion price of approximately $4.45 per share

Source (primary)

Cipher Mining 424B5 filed 2025-05-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The initial conversion rate is 224.9213 shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $4.45 per share”

How we checked this

Attempted on September 17, 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/1819989/000119312525124285/d920705d424b5.htm) in full (435,499 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Cipher Mining 424B5 filed 2025-05-22

Quote: “The initial conversion rate is 224.9213 shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $4.45 per share”

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