Cipher Digital plans exchange of portion of 2030 convertible notes for common stock

Bitget2026/10/13 12:02

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Cipher Digital launched a private offering of USD 850 million 0.00% convertible senior notes due 2032, with a USD 150 million upsizing option.
The 0.00% convertible senior notes due 2032 will not pay regular interest, with principal due at maturity on Nov. 1, 2032.
Separately negotiated exchanges will convert part of its outstanding 1.75% Convertible Senior Notes due 2030 into common stock.
Noteholders can require cash repurchase on Nov. 1, 2030, unless the notes are redeemed earlier.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cipher Digital Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610130800PRIMZONEFULLFEED9844601) on October 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cipher Digital plans exchange of portion of 2030 convertible notes for common stock

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