Cipher Digital Shares Fall 15% on $850 Million Note Offering
Cipher Digital plans to sell $850 million of convertible senior notes and exchange other notes for stock. Shares fell 15% to $11.09 in midday Tuesday trading and are down 25% this year.
Shares of Cipher Digital declined after the data-center developer said it plans to sell $850 million in convertible senior notes and exchange other notes for stock. 09 in midday Tuesday trading and are down 25% this year.