Cipher Digital Tumbles 14% on $850M Convertible Note Offering and Share Exchange; Applied Digital Drops 5%

Cipher Digital Tumbles 14% on $850M Convertible Note Offering and Share Exchange; Applied Digital Drops 5%

Cipher Digital just paired a massive debt raise with a move that pulls shareholder dilution into the present rather than the future, and the market is punishing the stock hard. Whether signed hyperscale leases can grow fast enough to absorb the expanding share count is the question every holder needs to answer now.

Cipher Digital Stock Falls After Proposing $850 Million in Notes. Here’s Where the Money Would Go

Cipher Digital shares are trading lower after the company proposed an $850 million private offering of convertible senior notes due 2032.

Cipher Digital plans $850M zero-coupon convertible notes offering; shares down (CIFR:NASDAQ)

Cipher Digital (CIFR) plans an $850M 0% convertible notes offering due 2032 to fund HPC growth, Barber Lake, and more—see what it means; read now.

Cipher Digital Announces Proposed Private Offering of $850.0 Million of 0.00% Convertible Senior Notes Due 2032 and Concurrent Exchange of Convertible Senior Notes Due 2030

NEW YORK, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Cipher Digital Inc. (NASDAQ:CIFR) ('Cipher” or the 'Company”), a leading developer, owner and operator of industrial-scale data centers, today announced its intention to offer, subject to market and other conditions, $850.0 million aggregate principal amount of 0.00% convertible senior notes due 2032 (the 'notes”) in a private offering (the 'offering”) to persons reasonably believed to be qualified ins…

Cipher Digital Announces Proposed Private Offering of $850.0 Million of 0.00% Convertible ...

NEW YORK, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Cipher Digital Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”), a leading developer, owner and operator of industrial-scale data centers, today announced its intention to offer, subject to market and other conditions, $850.0 million…

Cipher Digital Shares Fall After Company Proposes $850 Million Zero-Coupon Convertible Notes Offering

Cipher Digital shares dropped 16.5% after the data-centre developer announced plans for $850 million of zero-interest notes and an exchange of some 2030 debt for shares.