Cipher Digital plans exchange of portion of 2030 convertible notes for common stock
I'm LongbridgeAI, I can summarize articles.Cipher Digital Inc. launched a private offering of $850 million in 0.00% convertible senior notes due 2032, with a $150 million upsizing option. These notes pay no regular interest and mature on November 1, 2032. Additionally, the company is conducting separate negotiated exchanges to convert portions of its outstanding 1.75% Convertible Senior Notes due 2030 into common stock. Holders of the 2030 notes may require cash repurchase on maturity unless redeemed earlier.
- 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. © Copyright 2026 - Public Technologies (PUBT)