Cipher mining announces proposed convertible senior notes offering and proposed hedging transaction to place borrowed common stock

New york, may 20, 2025 (globe newswire) -- cipher mining inc. (nasdaq: cifr) (“cipher” or the “company”) today announced its intention to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of convertible senior notes due 2030 (the “notes”) in a public offering registered under the securities act of 1933, as amended. cipher also expects to grant the underwriters of the notes offering an option to purchase up to an additional $22,500,000 aggregate principal amount of notes solely to cover over-allotments. morgan stanley is acting as the sole bookrunning manager for the offering.
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