Term SOFR margin rate through Q3 2026
Company: Cipher Mining
What the later record shows
Outcome not yet confirmed
The August 2026 10-Q only restates the contractual 1.750% Term SOFR margin. No passage confirms the margin applied through the Q3 2026 compliance certificate or reports any change.
“The applicable margin for Initial Revolving Loans is initially 1.750 % per annum for Term SOFR borrowings and 0.750 % per annum for ABR borrowings”
2026-08-03 · Cipher Mining 10-Q filed 2026-08-04 View cached copy (2026-08-30)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Until September 30, 2026, Term SOFR borrowings bear a 1.750% per annum margin
Source (primary)
Cipher Mining 8-K filed 2026-03-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Until the delivery of the compliance certificate for the fiscal quarter ending September 30, 2026, the applicable margin will be 1.750% per annum for Term SOFR loans”
How we checked this
Checked on October 2, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the 1.750% Term SOFR margin. However, it says the margin runs until the compliance certificate for the September 30, 2026 quarter is delivered, not until September 30 itself, so the claim's end date is inaccurate.
Confirmed in the source:
- Cipher Digital's revolving credit facility carries a 1.750% per annum applicable margin on Term SOFR loans for an initial period
- That initial margin period is tied to the fiscal quarter ending September 30, 2026
We could not confirm this from the cited source:
- The 1.750% Term SOFR margin applies only until September 30, 2026; the filing says it lasts until the compliance certificate for the quarter ending September 30, 2026 is delivered, which comes after that date
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000095010326004609/dp244113_8k.htm) in full (8,127 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 8-K filed 2026-03-25
Quote: “Until the delivery of the compliance certificate for the fiscal quarter ending September 30, 2026, the applicable margin will be 1.750% per annum for Term SOFR loans”