InfraCompute / Deals
Cipher Digital 0.00% convertible senior notes due 2032
Convertible notes for Cipher Digital, US$850m, 16 October 2026.
Key terms
- Borrower or issuer
- Cipher Digital
- Date
- 16 October 2026
- Structure
- Convertible notes
- Amount
- US$850m
- Pricing
- 0% coupon; converts at US$15.31 (35% premium)
- Tenor
- Matures 1 Nov 2032
Recorded terms
- Lender type
- Bonds and securitisationsStructure: convertible
- Conversion terms
- Initial conversion rate 65.3211 shares per US$1,000 (about US$15.31 a share), a 35.0% premium to the US$11.34 close on 13 October 2026. Capped calls with a US$28.35 cap cost about US$89.7m. Cipher may redeem from 5 November 2029 if the share price exceeds 130% of the conversion price. About US$165.9m of 1.75% notes due 2030 were exchanged for shares at the same time.
- Tenor
- Matures 1 Nov 2032
- Security
- Senior unsecured
- Trustee
- U.S. Bank Trust
Parties
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More from Cipher Digital
Filed documents and legal terms
The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.
- Filed documents
- 1
- Governing law
- Not stated in the filed text
- Quoted in the clause and contract libraries
- 0
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| SEC Form 8-K (financing announcement / closing) | 16 October 2026 | – | – |
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Sources
- Cipher Digital, Form 8-K Exhibit 99.1: pricing of US$850m 0.00% convertible senior notes due 2032Source date: 14 October 2026
- Cipher Digital 0.00% convertible senior notes due 2032Source date: 16 October 2026
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
