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Cipher Digital: Convertible notes

Convertible notes for Cipher Digital, US$1.3bn, 30 September 2025.

Key terms

Borrower or issuer
Cipher Digital
Date
30 September 2025
Structure
Convertible notes
Amount
US$1.3bn
Pricing
0%
Tenor
Matures Oct 1, 2031

Recorded terms

Lender type
Bonds and securitisationsStructure: convertible
Tenor
Matures Oct 1, 2031
Security
unsecured
Tenant or offtaker
Fluidstack (Google backstop)

Parties

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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
New York law
Quoted in the clause and contract libraries
0
This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by, the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or an

From the Convertible Note Purchase Agreement (EX-10.1), filed with the SEC.

Filed documentDatedGoverning lawIn InfraCompute
Convertible Note Purchase Agreement (EX-10.1)24 June 2024New York law–

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Sources

  1. Cipher March 31 2026 Form 10-QSource date: 5 May 2026

About this record

Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.

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