Cipher Mining Inc. Warrant (CIFRW)

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.

Cipher Mining's stock jumped over 34% after signing a 15-year, $5.5 billion data center agreement with Amazon Web Services for AI workloads, transforming the company from a Bitcoin miner to an AI data center provider.

Cipher Mining has priced a $1.1 billion convertible senior notes offering, increased from the original $800 million, with notes due in 2031 and no regular interest. The company plans to use proceeds for data center construction, HPC strategy expansion, and general corporate purposes.

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.

Bitcoin surged past the $65,000 mark, Google could face antitrust claims, and Japan's Nikkei tops 40,000.