Cipher Mining Inc. Common Stock (CIFR)
Cipher Mining Inc. (CIFR) is a cryptocurrency mining company focused on the design, development, and operation of Bitcoin mining infrastructure. The company leverages advanced technology and data center expertise to efficiently mine digital assets, aiming to capitalize on the growth of the cryptocurrency industry.
Company News
The cryptocurrency market reached $4.11 trillion in August 2025, with institutional confidence at unprecedented levels following regulatory breakthroughs and Bitcoin's climb to $122,379. Corporate adoption is transforming digital assets from speculative trades to strategic financial instruments.
Cipher Mining announced the pricing of a $150 million convertible senior notes offering due 2030, with an initial conversion price of $4.45 per share. The company also plans a concurrent offering of borrowed common stock to facilitate hedging transactions by note purchasers.
Cipher Mining's stock price surged over 12% on Wednesday after two analysts initiated coverage with positive outlooks, citing the company's recent facility acquisition in Texas that will bolster its Bitcoin mining efforts.
Bitcoin dropped 6.5% to $54,450, reaching its lowest level since February. This decline affected cryptocurrency-related stocks, with MicroStrategy, Riot Platforms, Marathon Digital, CleanSpark, Cipher Mining, and Coinbase all seeing significant drops in their share prices.
Cipher Mining Inc. (CIFR) closed the most recent trading day at $4.15, moving -0.95% from the previous trading session.
