# EDGAR Filing Document

**Accession Number:** 0001819989
**File Stem:** 0000950103-26-002584
**Filing Date:** 2026-2
**Character Count:** 17160
**Document Hash:** 8b563a08d6a812e9f19956ea55f419dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-26-002584.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000950103-26-002584

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20260224

**EFFECTIVENESS DATE**: 20260224

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cipher Digital Inc.
- **CENTRAL INDEX KEY:** 0001819989
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 851614529
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-293707
- **FILM NUMBER:** 26673092

**BUSINESS ADDRESS:**
- **STREET 1:** 1 VANDERBILT AVENUE
- **STREET 2:** FLOOR 54
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 332-262-2300

**MAIL ADDRESS:**
- **STREET 1:** 1 VANDERBILT AVENUE
- **STREET 2:** FLOOR 54
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cipher Mining Inc.
- **DATE OF NAME CHANGE:** 20210830

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOOD WORKS ACQUISITION CORP.
- **DATE OF NAME CHANGE:** 20200803

**As filed with the Securities and Exchange Commission on February 24, 2026** 

**Registration No. 333-** 

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION**<br> **Washington, D.C. 20549** 

**FORM S-8 <br> REGISTRATION STATEMENT**<br> ***UNDER<br> THE SECURITIES ACT OF 1933***

**CIPHER DIGITAL INC.**<br> **(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Delaware** | **84-1614529** |
| **(State or other jurisdiction of** <br> **incorporation or organization)**  | **(I.R.S. Employer** <br> **Identification No.)**  |

---

**1 Vanderbilt Avenue, Floor 54<br> New York, New York 10017<br> Tel.: (332) 262-2300<br> (Address of principal executive offices, including zip code)** 

**CIPHER MINING INC. 2021 INCENTIVE AWARD PLAN<br> (Full title of the plan)** 

**William Iwaschuk<br> Co-President, Chief Legal Officer and<br> Corporate Secretary<br> Cipher Digital Inc.<br> 1 Vanderbilt Avenue, Floor 54<br> New York, New York 10017<br> United States of America<br> Tel.: (332) 262-2300<br> (Name, address and telephone number, including area code, of agent for service)**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

**REGISTRATION OF ADDITIONAL SHARES PURSUANT TO GENERAL INSTRUCTION E**

Pursuant to General Instruction E to Form S-8, Cipher Digital Inc. (the "Registrant") is filing this Registration Statement on Form S-8 (this "Registration Statement") with the U.S. Securities and Exchange Commission (the "Commission") to register 18,950,164 additional shares of the Registrant's Common Stock for issuance under the Cipher Mining Inc. 2021 Incentive Award Plan (the "Plan"). This Registration Statement hereby incorporates by reference the contents of the Registrant's registration statements on Form S-8 filed with the Commission on November 17, 2021 ([File No. 333-261148](http://www.sec.gov/Archives/edgar/data/1819989/000119312521332248/d416076ds8.htm)), March 5, 2024 ([File No. 333-277678](http://www.sec.gov/Archives/edgar/data/1819989/000119312524059388/d806099ds8.htm)) and February 25, 2025 ([File No. 333-285236](https://www.sec.gov/Archives/edgar/data/1819989/000119312525035270/d846695ds8.htm)) to the extent not superseded hereby.

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

The information specified in Item 1 and Item 2 of Part I is omitted from this filing and is included in documents sent or provided to participants in the Plan covered by this Registration Statement pursuant to Rule 428(b)(1) of the Securities Act of 1933, as amended (the "Securities Act").

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.** 

The following documents filed with the Commission are incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's Annual Report on Form 10-K for the year ended December 31, 2025 ([File No. 001-39625](https://www.sec.gov/ix?doc=/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm)), filed with the Commission on February 24, 2026; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The description of the Company's shares of Common Stock contained in the Registrant's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Commission on February 24, 2026 ([File No. 001-39625](https://www.sec.gov/ix?doc=/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm)), including any amendments or reports filed for the purpose of updating such description.

In addition, all documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold, or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in the Registration Statement and to be part thereof from the date of filing of such documents. The Registrant is not incorporating by reference any documents or portions thereof, whether specifically listed above or filed in the future, that are not deemed "filed" with the Commission.

Any statement contained in this Registration Statement, in an amendment hereto or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 8. Exhibits.** 

---

| | |
|:---|:---|
| **Exhibit<br> Number** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.1\* | [Opinion of Davis Polk & Wardwell LLP.](dp242004_ex0501.htm) |
| 23.1\* | [Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1).](dp242004_ex0501.htm) |
| 23.2\* | [Consent of CBIZ CPAs P.C., independent registered public accounting firm.](dp242004_ex2302.htm) |
| 23.3\* | [Consent of Marcum LLP, independent registered public accounting firm.](dp242004_ex2303.htm) |
| 24.1\* | [Power of Attorney (included on signature page).](#a_001) |
| 99.1 | Cipher Mining Inc. 2021 Incentive Award Plan [(incorporated by reference to Exhibit 10.8 to the Current Report on Form 8-K (File No. 001-39625) filed on August 31, 2021).](http://www.sec.gov/Archives/edgar/data/0001819989/000119312521260900/d212090dex108.htm) |
| 107.1\* | [Filing Fee Table](dp242004_exfilingfees.htm) |

---

\* Filed herewith.

**SIGNATURES** 

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in New York, New York, on this 24th day of February, 2026.

---

| | | |
|:---|:---|:---|
| **CIPHER DIGITAL INC.**  | **CIPHER DIGITAL INC.**  | **CIPHER DIGITAL INC.**  |
| By: | /s/ Tyler Page  | /s/ Tyler Page  |
|  | Name: | Tyler Page |
|  | Title: | Chief Executive Officer |

---

**POWER OF ATTORNEY** 

Each of the undersigned officers and directors of the registrant hereby severally constitutes and appoints Tyler Page, Gregory Mumford and William Iwaschuk, and each of them singly (with full power to each of them to act alone), as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them, for him or her and in his or her name, place and stead, and in any and all capacities, to file and sign any and all amendments, including post-effective amendments, to this registration statement and any other registration statement for the same offering that is to be effective under Rule 462(b) of the Securities Act of 1933, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith and about the premises as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof. This power of attorney shall be governed by and construed with the laws of the State of Delaware and applicable federal securities laws.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Tyler Page <br> Tyler Page  | Chief Executive Officer and Director<br> (Principal Executive Officer) | February 24, 2026 |
| /s/ Gregory Mumford <br> Gregory Mumford  | Chief Financial Officer<br> (Principal Financial and Accounting Officer) | February 24, 2026 |
| /s/ James Newsome  | Board Chair | February 24, 2026 |
| James Newsome | Board Chair |  |
| /s/ Holly Morrow Evans  | Director | February 24, 2026 |
| Holly Morrow Evans | Director |  |
| /s/ Caitlin Long  | Director | February 24, 2026 |
| Caitlin Long | Director |  |
| /s/ Cary Grossman  | Director | February 24, 2026 |
| Cary Grossman | Director |  |
| /s/ Wesley Williams  | Director | February 24, 2026 |
| Wesley Williams | Director |  |
| /s/ Robert Flatley  | Director | February 24, 2026 |
| Robert Flatley | Director |  |
| /s/ Thomas David Duda  | Director | February 24, 2026 |
| Thomas David Duda | Director |  |

---

## Exhibit 5.1

**Exhibit 5.1**

---

| | | |
|:---|:---|:---|
|  |  | **draft** |
| ![](image_016.jpg) | Davis Polk & Wardwell llp<br>450 Lexington Avenue<br> New York, NY 10017<br>davispolk.com<br>|  |

---

February 24, 2026

Cipher Digital Inc.<br> 1 Vanderbilt Avenue, Floor 54 <br> New York, New York 10017

Ladies and Gentlemen:

We have acted as special counsel to Cipher Digital Inc., a Delaware corporation (the "**Company**"), and are delivering this opinion in connection with the Company's Registration Statement on Form S-8 (the "**Registration Statement**") filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, for the registration of 18,950,164 shares of the Company's Common Stock, par value $0.001 per share (the "**Shares**"), issuable pursuant to the Company's 2021 Incentive Award Plan (the "**Plan**").

We, as your counsel, have examined originals or copies of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or advisable for the purpose of rendering this opinion.

In rendering the opinion expressed herein, we have, without independent inquiry or investigation, assumed that (i) all documents submitted to us as originals are authentic and complete, (ii) all documents submitted to us as copies conform to authentic, complete originals, (iii) all signatures on all documents that we reviewed are genuine, (iv) all natural persons executing documents had and have the legal capacity to do so, (v) all statements in certificates of public officials and officers of the Company that we reviewed were and are accurate and (vi) all representations made by the Company as to matters of fact in the documents that we reviewed were and are accurate.

On the basis of the foregoing, we are of the opinion that the Shares have been duly authorized and, when and to the extent issued pursuant to the Plan upon receipt by the Company of the consideration for the Shares specified therein, will be validly issued, fully paid and non-assessable.

We are members of the Bar of the State of New York and the foregoing opinion is limited to the laws of the State of New York and the General Corporation Law of the State of Delaware.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement.

Very truly yours,

/s/ Davis Polk & Wardwell LLP

## Exhibit 23.2

**Exhibit 23.2**

**<u>Independent Registered Public Accounting Firm's Consent</u>**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated February 24, 2026 relating to the financial statements of Cipher Digital Inc. **(**the "Company") and the effectiveness of internal control over financial reporting of the Company appearing in the Annual Report on Form 10-K of the Company for the year ended December 31, 2025.

/s/ CBIZ CPAs P.C.

San Francisco, CA

February 24, 2026

## Exhibit 23.3

**Exhibit 23.3**

**INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM'S CONSENT**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated February 25, 2025, except for Schedule I listed in the Index at Item 15, as to which the date is February 24, 2026, with respect to the consolidated financial statements of Cipher Digital Inc. (the "Company") as of December 31, 2024 and for the years ended December 31, 2024 and 2023, appearing in the Annual Report on Form 10-K of the Company for the year ended December 31, 2025.

We resigned as the Company's independent registered public accounting firm on April 14, 2025 and, accordingly we have not performed any audit or review procedures with respect to any financial statements for the periods after that date.

/s/ Marcum llp

Marcum llp

San Francisco, CA

February 24, 2026

## Ex-Filing

?xml version='1.0' encoding='ASCII'? Filing Fee Exhibit

**Ex-Filing Fees**

**CALCULATION OF FILING FEE TABLES**

**S-8**

**Cipher Digital Inc.**

**Table 1: Newly Registered Securities**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Notes** | **Fee Calculation<br> Rule** | **Amount Registered** | **Proposed Maximum Offering<br> Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Common Stock, par value US $0.001 per share | (1) | Other | 18950164 | $14.71 | $278756912.44 | 0.0001381 | $38496.33 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $278756912.44 |  | $38496.33 |
| Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: |  |  | $0.00 |
| Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: |  |  | $38496.33 |

---

**__________________________________________ Offering Note(s)**

&nbsp;&nbsp;&nbsp;&nbsp;(1) (a) Pursuant to Rule 416(a) under the under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional shares of common stock of Cipher Digital Inc. (the "Registrant") that may become issuable in respect of the securities identified in the above table by reason of any stock dividend, stock split, or other similar transaction effected without the Registrant's receipt of consideration which results in an increase in the number of the outstanding shares of the Registrant's common stock. (b) Amount Registered represents (i) 12,148,892 additional shares of the Registrant's common stock to be reserved for issuance under the Cipher Mining Inc. 2021 Incentive Award Plan (the "Plan") pursuant to the provision of the Plan providing for an annual automatic increase in the number of shares reserved for issuance under the Plan and (ii) 6,801,272 additional shares of the Registrant's common stock available for issuance under the Plan as a result of forfeited awards and shares withheld to satisfy the applicable tax withholding obligation pursuant to the terms of the Plan. (c) Amount of Registration Fee estimated pursuant to Rule 457(c) and Rule 457(h) under the Securities Act, solely for the purpose of computing the registration fee, based on the average of the high and low prices reported for shares of the Registrant's common stock on the NASDAQ Global Select Market on February 23, 2026.