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BCS

Beneficial Ownership Report · SCHEDULE 13G

Cipher Digital Inc.

CIFRNASDAQEQUITYCurrent

Beneficial Ownership Report

Filed Oct 21, 2026Accepted Oct 21, 2026, 6:45 PM EDTFiling CIK 1819989Accession 0001104659-26-117904
Share

Structured filing — SCHEDULE 13G

primary_doc.xml

Open full document ↗

Subject company

Company
CIPHER DIGITAL INC.
Company CIK
0001819989
Street
1 Vanderbilt Avenue
Street (continued)
Floor 54
City
New York
State / country code
NY
Postal code
10017

Statement details

Security class
Common Stock, par value $0.001 per share (the "Shares")
Event date
10/14/2026
Rule designation
Rule 13d-1(c)

Reporting person 1

Name
Citadel Securities GP LLC
Citizenship / organization
DE
Reporting person type
HC · OO
Aggregate amount owned
22,862,668.00
Percent of class
5.5
Sole voting power
0.00
Shared voting power
22,862,668.00
Sole dispositive power
0.00
Shared dispositive power
22,862,668.00
Aggregate excludes certain shares
N
Comments
The percentages reported in this Schedule 13G are based upon 415,030,722 Shares outstanding as of August 3, 2026 (according to the issuer's Form 10-Q as filed with the Securities and Exchange Commission on August 4, 2026). Except as described in the preceding sentence, all Shares for the holdings of the reporting persons reported in this Schedule 13G are as of the opening of the market on October 21, 2026.

Reporting person 2

Name
Citadel Securities LLC
Citizenship / organization
DE
Reporting person type
BD · OO
Aggregate amount owned
17,951,304.00
Percent of class
4.3
Sole voting power
0.00
Shared voting power
17,951,304.00
Sole dispositive power
0.00
Shared dispositive power
17,951,304.00
Aggregate excludes certain shares
N

Reporting person 3

Name
Citadel Securities Group LP
Citizenship / organization
DE
Reporting person type
HC · PN
Aggregate amount owned
22,862,668.00
Percent of class
5.5
Sole voting power
0.00
Shared voting power
22,862,668.00
Sole dispositive power
0.00
Shared dispositive power
22,862,668.00
Aggregate excludes certain shares
N

Reporting person 4

Name
Citadel Advisors LLC
Citizenship / organization
DE
Reporting person type
IA · HC · OO
Aggregate amount owned
49,582.00
Percent of class
0.0
Sole voting power
0.00
Shared voting power
49,582.00
Sole dispositive power
0.00
Shared dispositive power
49,582.00
Aggregate excludes certain shares
N

Reporting person 5

Name
Citadel Advisors Holdings LP
Citizenship / organization
DE
Reporting person type
HC · PN
Aggregate amount owned
49,582.00
Percent of class
0.0
Sole voting power
0.00
Shared voting power
49,582.00
Sole dispositive power
0.00
Shared dispositive power
49,582.00
Aggregate excludes certain shares
N

Reporting person 6

Name
Citadel GP LLC
Citizenship / organization
DE
Reporting person type
HC · OO
Aggregate amount owned
49,582.00
Percent of class
0.0
Sole voting power
0.00
Shared voting power
49,582.00
Sole dispositive power
0.00
Shared dispositive power
49,582.00
Aggregate excludes certain shares
N

Reporting person 7

Name
Kenneth Griffin
Citizenship / organization
X1
Reporting person type
HC · IN
Aggregate amount owned
22,912,250.00
Percent of class
5.5
Sole voting power
0.00
Shared voting power
22,912,250.00
Sole dispositive power
0.00
Shared dispositive power
22,912,250.00
Aggregate excludes certain shares
N

Item 1

Issuer

CIPHER DIGITAL INC.

Principal executive office address

1 Vanderbilt Avenue, Floor 54, New York, NY 10017

Item 2

Citizenship

Each of CSGP, Citadel Securities, Citadel Advisors, and CGP is organized as a limited liability company under the laws of the State of Delaware. Each of CALC4 and CAH is organized as a limited partnership under the laws of the State of Delaware. Mr. Griffin is a U.S. citizen.

Filing person

This Schedule 13G is being jointly filed by Citadel Securities GP LLC ("CSGP"), Citadel Securities LLC ("Citadel Securities"), Citadel Securities Group LP ("CALC4"), Citadel Advisors LLC ("Citadel Advisors"), Citadel Advisors Holdings LP ("CAH"), Citadel GP LLC ("CGP"), and Mr. Kenneth Griffin (collectively with CSGP, Citadel Securities, CALC4, Citadel Advisors, CAH, and CGP, the "Reporting Persons") with respect to the Shares of the above-named issuer held of record by Citadel Securities, Citadel Multi-Asset Master Fund Ltd., a Cayman Islands company ("CMAM"), Citadel Securities Principal Strategies LLC, a Delaware limited liability company ("CSP"), and CRBU Holdings LLC, a Delaware limited liability company ("CRBH"). Such Shares may include other instruments, exercisable for or convertible into Shares. CALC4 is the non-member manager of Citadel Securities, CSP and CRBH. CSGP is the general partner of CALC4. Citadel Advisors is the portfolio manager for CMAM. CAH is the sole member of Citadel Advisors. CGP is the general partner of CAH. Mr. Griffin is the President and Chief Executive Officer of CGP, and owns a controlling interest in CGP and CSGP.

Principal business or residence address

The address of each of the Reporting Persons is 830 Brickell Plaza, Miami, Florida 33131.

Item 3

Not applicable indication

Y

Item 4

Percent of class

1. The number of Shares that Citadel Securities LLC may be deemed to beneficially own constitutes 4.3% of the Shares outstanding. 2. The number of Shares that each of Citadel Securities Group LP and Citadel Securities GP LLC may be deemed to beneficially own constitutes 5.5% of the Shares outstanding. 3. The number of Shares that each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own constitutes 0.0% of the Shares outstanding. 4. The number of Shares that Mr. Griffin may be deemed to beneficially own constitutes 5.5% of the Shares outstanding.

Amount beneficially owned

1. Citadel Securities LLC may be deemed to beneficially own 17,951,304 Shares. 2. Each of Citadel Securities Group LP and Citadel Securities GP LLC may be deemed to beneficially own 22,862,668 Shares. 3. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own 49,582 Shares 4. Mr. Griffin may be deemed to beneficially own 22,912,250 Shares.

Sole voting power

1. Citadel Securities LLC: 0 2. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 0 3. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 0 4. Mr. Griffin: 0

Shared voting power

1. Citadel Securities LLC: 17,951,304 2. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 22,862,668 3. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 49,582 4. Mr. Griffin: 22,912,250

Sole dispositive power

1. Citadel Securities LLC: 0 2. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 0 3. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 0 4. Mr. Griffin: 0

Shared dispositive power

1. Citadel Securities LLC: 17,951,304 2. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 22,862,668 3. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 49,582 4. Mr. Griffin: 22,912,250

Item 5

Not applicable indication

Y

Item 6

Not applicable indication

Y

Item 7

Not applicable indication

Y

Item 8

Not applicable indication

Y

Item 9

Not applicable indication

Y

Item 10

Not applicable indication

N

Certifications

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

Exhibits

Exhibit 99.1 - Joint Filing Agreement

Signature comments

* Seth Levy is signing on behalf of Kenneth Griffin as attorney-in-fact pursuant to a power of attorney previously filed with the Securities and Exchange Commission, and hereby incorporated by reference herein. The power of attorney was filed as an attachment to a filing by Citadel Advisors LLC on Schedule 13G for Allakos Inc. on October 13, 2023.

Signature 1

Reporting person
Citadel Securities GP LLC
Signed
/s/ Seth Levy
Title
Seth Levy, Authorized Signatory
Date
10/21/2026

Signature 2

Reporting person
Citadel Securities LLC
Signed
/s/ Seth Levy
Title
Seth Levy, Authorized Signatory
Date
10/21/2026

Signature 3

Reporting person
Citadel Securities Group LP
Signed
/s/ Seth Levy
Title
Seth Levy, Authorized Signatory
Date
10/21/2026

Signature 4

Reporting person
Citadel Advisors LLC
Signed
/s/ Seth Levy
Title
Seth Levy, Authorized Signatory
Date
10/21/2026

Signature 5

Reporting person
Citadel Advisors Holdings LP
Signed
/s/ Seth Levy
Title
Seth Levy, Authorized Signatory
Date
10/21/2026

Signature 6

Reporting person
Citadel GP LLC
Signed
/s/ Seth Levy
Title
Seth Levy, Authorized Signatory
Date
10/21/2026

Signature 7

Reporting person
Kenneth Griffin
Signed
/s/ Seth Levy
Title
Seth Levy, attorney-in-fact*
Date
10/21/2026

Filed exhibits

Company context

Cipher develops and operates industrial-scale data centers engineered for next-generation computing at the highest standards of innovation, precision, and excellence. The Company brings together deep expertise across power sourcing, construction, engineering, operations, real estate, and technology to deliver high-quality data centers purpose built for HPC workloads. By partnering with premier tenants, Cipher seeks to meet the growing demand for industrial-scale data center capacity and become a leading HPC development platform that is built for hyperscale.

Current securities

Historical securities (4)

Recent company filings

  1. 10-Q filingNov 2, 2026
  2. Results of Operations and Financial Condition · Regulation FD DisclosureNov 2, 2026
  3. SCHEDULE 13G - filed by JANE STREET GROUP, LLC regarding Cipher Digital Inc.Oct 21, 2026
  4. SCHEDULE 13G/A - filed by JANE STREET GROUP, LLC regarding Cipher Digital Inc.Oct 21, 2026
  5. Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity Securities · Regulation FD DisclosureOct 16, 2026

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