Cipher Digital proposes $850 million convertible notes offering and exchange of 2030 notes for stock
Cipher Digital announced a proposed private offering of $850.0 million of 0.00% convertible senior notes due 2032, with a 13-day option for the initial purchasers to buy up to an additional $150.0 million. Concurrently it expects to exchange a portion of its 1.75% convertible senior notes due 2030 for common stock, and plans to use the proceeds for capped call transactions, additional equity investment in its Barber Lake project and its HPC build-out.
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Exhibit 99.2 Cipher Digital Announces Proposed Private Offering of $850.0 Million of 0.00% Convertible Senior Notes Due 2032 and Concurrent Exchange of Convertible Senior Notes Due 2030 NEW YORK – October 13, 2026 – Cipher Digital Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”), a leading developer, owner and operator of industrial-scale data centers, today announced its intention to offer, subject to market and other conditions, $850.0 million aggregate principal amount of 0.00% convertible senior notes due 2032 (the “notes”) in a private offerin…