Cipher Mining Inc. Common Stock
CIFRCipher 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 article highlights two promising crypto-related stocks: Robinhood and Cipher Mining, which offer growth potential beyond traditional cryptocurrency investments by leveraging emerging technologies like prediction markets and AI data centers.
Cipher Mining's subsidiary Cipher Compute LLC is pricing a $1.4 billion senior secured notes offering to finance the construction of a high-performance computing data center in Texas, with the notes due in 2030 and priced at 7.125%.
Cipher Mining Inc. plans to offer $1.4 billion in senior secured notes due 2030, intending to use proceeds to finance construction of the Barber Lake Facility, a high-performance computing data center near Colorado City, Texas.
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.
