Cipher Digital Inc. (CIFR)
CIK 1819989 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 415.0M shares as of Aug 3, 2026 (10-Q).
Cash runway
Self-funding
generates cash
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Google Warrants | 24.2M | $0.01 | — | FV $544.5M |
Tranches exactly as the company dimensioned them in its 10-Q filed Aug 4, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Warrants outstanding: 7.6M underlying shares, as reported Dec 31, 2020 (10-K/A).
Reported exercise price: $11.5 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $512.6M as of Sep 30, 2025.
Rough fully diluted estimate: 422.6M = 415.0M O/S + 7.6M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Convertible Notes 2031 | $1.30B | $1.30B | $16.03 | 0% | ~81.1M sh |
| Convertible Notes 2030 | $172.5M | $172.5M | $4.45 | 1.75% | ~38.8M sh |
If every note above converted at its tagged price: ~119.9M new shares on 415.0M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-Q filed Aug 4, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 415.0M | Aug 3, 2026 |
| + Google Warrants (if exercised) | 24.2M | Sep 24, 2025 |
| + Convertible Notes 2031 (if fully converted) | 81.1M | Sep 30, 2025 |
| + Convertible Notes 2030 (if fully converted) | 38.8M | May 22, 2025 |
| Fully diluted estimate | 559.1M | +34.7% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $42.8Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 2 executed · 0 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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