Featured · Deals
Cipher Digital's $850 million convertible pays interest in shares as Barber Lake costs rise about $800 million
Cipher Digital priced $850 million of zero-coupon convertible notes due 2032 on October 14 at a $15.31 conversion price, 35% above its $11.34 close, with proceeds earmarked for Barber Lake. The Texas campus's budget has swollen by about $800 million, and the interest is being paid in shares.
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