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Cipher Mining (CIFR) Nosedives Nearly 18% on $800-Million Convertible Note Issuance
Yahoo Finance· 2025-09-26 11:00
We recently published 10 Big Names Investors Are Dumping. Cipher Mining Inc. (NASDAQ:CIFR) is one of the companies that heavily bled in Thursday’s trading. Cipher Mining extended its losing streak to a second day on Thursday, dropping 17.54 percent to finish at $11.66 apiece as investor sentiment soured on plans to raise $800 million through the issuance of senior convertible notes. In a regulatory filing, the company said that the notes have a tenor of six years and will mature on October 1, 2031. They ...