Funding
Cipher Completes Debt Retirement and New Funding
Cipher Digital issued 40.7 million shares to retire about $165.9 million of debt and completed a separate $850 million convertible offering. The deals add about $684 million in debt principal alongside immediate shareholder dilution. The company's stock closed at $8.98 on October 16, down 10.6% for the session and at its lowest level since September 2025.