Cipher Digital Inc. (NASDAQ:CIFR) reported Monday that shareholders elected three directors and approved all proposals at the company’s 2026 annual meeting, according to a statement based on a recent SEC filing.
The annual meeting took place on June 2, with approximately 66.24% of outstanding common shares represented, amounting to 268,911,228 shares as of the April 8 record date.
Shareholders elected Thomas Duda, James Newsome, and Wesley Williams to the board of directors for terms expiring at the 2029 annual meeting. Duda received 185,093,985 votes in favor and 806,976 votes withheld. Newsome received 180,819,379 votes for and 5,081,582 withheld. Williams received 157,876,759 votes for and 28,024,202 withheld. All three nominees had 83,010,267 broker non-votes.
In addition, shareholders ratified the appointment of CBIZ CPAs P.C. as Cipher Digital’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The proposal received 265,902,590 votes for, 1,649,851 against, and 1,358,787 abstentions.
A non-binding advisory vote on executive compensation was also approved, with 154,473,020 votes for, 30,443,644 against, and 984,297 abstentions. There were 83,010,267 broker non-votes for this proposal as well.
Cipher Digital Inc. is incorporated in Delaware and is listed on the Nasdaq Stock Market under the symbol CIFR. The information in this article is based on a press release statement and the company’s filing with the Securities and Exchange Commission.
In other recent news, Cipher Digital Inc. has announced plans to raise $810 million through a bond sale to finance the construction of its Stingray Facility, a data center that will be leased to Amazon.com Inc. under a 15-year contract. The company’s subsidiary, Stingray Compute LLC, intends to offer $810 million in senior secured notes due in 2031, with proceeds allocated to cover construction costs, reimburse prior equity contributions, and fund debt service reserves. Meanwhile, Cipher Mining, a related entity, has received positive attention from analysts. Bernstein SocGen Group initiated coverage with an Outperform rating, citing significant growth potential in AI. Jefferies also initiated coverage with a Buy rating, highlighting Cipher Mining’s strategic leases with investment-grade-rated hyperscalers. Additionally, H.C. Wainwright raised its price target for Cipher Mining to $30, maintaining a Buy rating, due to progress in data center lease revenues. These developments underscore Cipher’s strategic positioning in the data center sector.
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