Company: CIFRW
Filing Date: 2025-11-20
Form Type: 8-K
Source: 0000950103-25-015073
Chunk: 3

Company: Cipher Mining Inc.
Filing Date: 2025-11-20
Form: 8-K
Item: Item 8.01
Chunk 3
---
Item 8.01. Other Events

On November 20, 2025, the Company issued a
press release to announce that Cipher Compute LLC (the “ Issuer”), a wholly-owned indirect subsidiary of Company, intends
to offer up to $333,000,000 aggregate principal amount of 7.125% senior secured notes due 2030 of the Issuer (the
“ Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule
144A under the Securities Act and to non-U. S. persons outside of the United States pursuant to Regulation S under the Securities Act
(the “ Offering”). The Notes will be part of the same series as the $1,400,000,000 aggregate principal amount of 7.125%
senior secured notes due 2030 (the “ Initial Notes”) issued by the Issuer pursuant to the indenture, dated as of November
13, 2025, by and among the Issuer, Cipher Songbird LLC (“ Cipher Songbird”), Cipher Barber Lake and Wilmington Trust,
National Association, as trustee and collateral agent. The Notes will have identical terms and conditions (other than the original
issue date and issue price) as the Initial Notes. Cipher Compute intends to use the net proceeds from the sale of the Notes to
finance a portion of the construction cost of phase II.

The Notes will be fully and unconditionally guaranteed
by Cipher Barber Lake and will be secured by first-priority liens on (i) substantially all assets of the Issuer and Cipher Barber Lake,
other than certain excluded property, (ii) all equity interests of the Issuer held by Cipher Songbird, (iii) if and when established by
Fluidstack, a designated lockbox account of Fluidstack, and (iv) prior to the completion of the initial construction phase of the Barber
Lake Facility, a pledge by Google of the warrants to purchase the Warrant Shares.

A copy of the press release announcing the Offering
is filed hereto as Exhibit 99.3 The information included in this Current Report is neither an offer to sell nor a solicitation of an offer
to buy any securities.

Item 9.01. Financial Statements and
Exhibits.

(d) Exhibits.

  Exhibit      Description                                                                                                                                       
                                                                                                                                                                 
      No.                                                                                                                                                        
      4.1      Amended and Restated Warrant Agreement, by and among Cipher Mining Inc. and Google LLC, dated November 20, 2025