Every material Form 8-K Cipher Digital Inc. has filed with the SEC since October 14, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Cipher Digital reported third-quarter 2026 revenue of $26.7 million, down from $71.7 million a year earlier, and adjusted EBITDA of negative $10.0 million, compared with $40.8 million in the prior-year quarter. GAAP net income of $31.6 million was driven by a $127.2 million non-cash gain on the warrant liability, while the operating loss widened to $71.9 million from $37.6 million. The company also said it expanded the Barber Lake lease to a 20-year term with contracted revenue of about $9.1 billion.
Q3 2026 total revenue was $26.7 million, versus $71.7 million in Q3 2025; first HPC lease revenue was $5.9 million
Adjusted EBITDA was negative $10.0 million, compared with $40.8 million a year earlier
GAAP net income was $31.6 million, including a $127.2 million change in fair value of warrant liability; operating loss was $71.9 million
Completed an $850 million offering of 0.000% convertible senior notes due 2032 to fund additional equity investment in Barber Lake
On October 16, 2026, Cipher Digital issued $850.0 million of 0.00% convertible senior notes maturing November 1, 2032, with a 13-day option for initial purchasers to buy up to $150 million more. The company also entered capped call transactions costing about $89.7 million, which are expected to reduce potential dilution from conversions, and agreed to exchange about $165.9 million of its 2030 notes for about 40.7 million shares of common stock. The notes add debt and could dilute shareholders if converted, though the filing says the capped calls are expected to offset some of that dilution.
$850.0 million principal of 0.00% convertible senior notes due November 1, 2032; initial purchasers have a 13-day option for up to an additional $150,000,000
Initial conversion price of about $15.31 per share (65.3211 shares per $1,000 principal)
Capped call transactions cost about $89.7 million, with a cap price of $28.35, a 150% premium over the October 13, 2026 last sale price
Concurrent exchange of about $165.9 million of 1.75% 2030 notes for about 40.7 million shares of common stock
Cipher Digital priced a private offering of $850.0 million of 0.00% convertible senior notes due 2032, with settlement scheduled for October 16, 2026. Concurrently, it expects to exchange about $165.9 million of its 1.75% convertible notes due 2030 for about 40.7 million shares of common stock, which could add to the share count. The filing says capped call transactions are generally expected to reduce potential dilution from conversion of the new notes.
$850.0 million of 0.00% convertible senior notes due 2032 priced, with a 13-day option for up to an additional $150.0 million
Estimated net proceeds of about $835.1 million, of which about $89.7 million funds the capped call transactions
About $165.9 million of 2030 notes to be exchanged for about 40.7 million shares of common stock
Initial conversion price of about $15.31, a 35.0% premium over the $11.34 closing price on October 13, 2026
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Cipher Digital Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →