Cipher mining announces proposed private offering of $800 million of 0.00% convertible senior notes

New york, sept. 25, 2025 (globe newswire) -- cipher mining inc. (nasdaq:cifr) (“cipher” or the “company”), a leading developer and operator of industrial-scale data centers, today announced its intention to offer, subject to market and other conditions, $800 million aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). cipher also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $120 million aggregate principal amount of notes.
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