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Cipher Mining Announces Proposed Convertible Senior Notes Offering and Proposed Hedging Transaction to Place Borrowed Common Stock

Provided By GlobeNewswire

Last update: May 20, 2025

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.

Read more at globenewswire.com

CIPHER MINING INC

NASDAQ:CIFR (8/7/2025, 8:17:15 PM)

Premarket: 4.96 +0.09 (+1.85%)

4.87

-0.34 (-6.53%)


GOOD WORKS ACQUISITIO -CW25

NASDAQ:CIFRW (8/7/2025, 8:17:15 PM)

After market: 0.75 +0.01 (+2.01%)

0.7352

-0.14 (-16.45%)



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