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加密矿企走弱 IREN Ltd(IREN.US)大跌超11%
Zhi Tong Cai Jing· 2025-09-26 14:40
Core Viewpoint - The U.S. regulatory scrutiny on companies announcing digital asset purchase plans has led to significant declines in the stock prices of several cryptocurrency mining firms, indicating potential concerns over insider trading and market manipulation [1] Group 1: Market Reaction - Cryptocurrency mining companies such as IREN Ltd, CleanSpark, and Cipher Mining experienced notable stock declines, with IREN Ltd dropping over 11%, CleanSpark falling over 8%, and Cipher Mining decreasing more than 3% [1] - The scrutiny from U.S. regulators has raised alarms about unusual trading volumes and sharp price increases prior to announcements related to digital asset strategies [1] Group 2: Regulatory Actions - The SEC and FINRA have reached out to over 200 companies that announced digital asset strategies this year, expressing concerns about abnormal trading activity before public announcements [1] - Legal experts suggest that such communications from regulators often indicate the beginning of deeper investigations into potential insider trading [1] Group 3: Industry Trends - A surge of companies announcing cryptocurrency reserve strategies has been observed, with many emulating the approach taken by Strategy, which raised funds through stock and bond issuance to purchase Bitcoin and other digital tokens [1]
Cipher Mining (CIFR) Nosedives Nearly 18% on $800-Million Convertible Note Issuance
Yahoo Finance· 2025-09-26 11:00
Group 1 - Cipher Mining Inc. (NASDAQ:CIFR) experienced a significant decline of 17.54% in its stock price, closing at $11.66, following negative investor sentiment regarding its plan to raise $800 million through senior convertible notes [1][3]. - The company announced that the convertible notes will have a six-year tenor, maturing on October 1, 2031, and will be issued to qualified institutional investors [2]. - In addition to the initial offering, Cipher Mining has granted initial note buyers a 13-day option to purchase up to an additional $120 million in aggregate principal amount of notes [3]. Group 2 - The proceeds from the convertible note issuance are intended to finance part of the construction of a data center at Barber Lake, accelerate the development of its high-performance computing (HPC) strategy across a 2.4 GW pipeline, and expand its pipeline of development sites, among other corporate purposes [4]. - Cipher Mining has secured a 168-MW data center lease agreement with Fluidstack from its Barber Lake facility, with the expectation to complete the facility by September 2026 [4][5]. - Fluidstack's rental obligations will commence on the lease start date and will continue for a duration of 10 years [5].
Why Cipher Mining Stock Spiked 5% Overnight? - Cipher Mining (NASDAQ:CIFR)
Benzinga· 2025-09-26 05:22
Core Insights - Cipher Mining Inc. shares experienced significant gains, climbing 5.2% to $12.24 in after-hours trading, following a 17.72% increase during regular trading hours, driven by major financial transactions totaling over $3.8 billion in potential value [2][7]. Financial Moves - The company announced an $800 million private offering of 0.00% convertible senior notes due 2031, with an option for initial buyers to purchase an additional $120 million, potentially raising the total to $920 million [3][4]. - Cipher also disclosed a 10-year colocation agreement with Fluidstack, securing approximately $3 billion in contracted revenue, with options for two five-year extensions that could increase the total value to $7 billion [5][6]. Strategic Partnerships - Google will guarantee $1.4 billion of Fluidstack's lease obligations, receiving warrants for around 24 million shares, equating to a 5.4% equity stake in Fluidstack. This partnership will provide 168 MW of critical IT load at Cipher's Texas facility by September 2026 [6]. Market Performance - Cipher projects 80%-85% site net operating income margins for the Fluidstack hosting project. The company's shares have gained 151.29% year-to-date, with a market cap of $4.59 billion and an average daily trading volume of 36.82 million shares [7][8].
Cipher Mining Announces Pricing of Upsized Private Offering of $1.1 Billion of 0.00% Convertible Senior Notes
Globenewswire· 2025-09-26 03:55
Core Viewpoint - Cipher Mining Inc. has announced the pricing of a $1.1 billion offering of 0.00% convertible senior notes due 2031, increasing from a previously announced size of $800 million, with settlement scheduled for September 30, 2025 [1][5] Group 1: Offering Details - The notes will be senior, unsecured obligations of Cipher, maturing on October 1, 2031, and will not bear regular interest [2] - The initial conversion rate is set at 62.3733 shares of common stock per $1,000 principal amount of notes, equating to an initial conversion price of approximately $16.03 per share, representing a 37.5% premium over the last reported sale price of $11.66 on September 25, 2025 [2] - Cipher has granted initial purchasers a 13-day option to purchase up to an additional $200 million aggregate principal amount of notes [1] Group 2: Use of Proceeds - Cipher estimates net proceeds from the offering to be approximately $1.08 billion, or $1.27 billion if the option for additional notes is fully exercised, with plans to use $70 million for capped call transactions and the remainder for data center construction, HPC strategy acceleration, and general corporate purposes [5] Group 3: Capped Call Transactions - Cipher has entered into capped call transactions to cover the number of shares underlying the notes, with an initial cap price of $23.32 per share, a 100% premium over the last reported sale price [6] - These capped call transactions are expected to reduce potential dilution upon conversion of the notes and offset any cash payments exceeding the principal amount of converted notes [7] Group 4: Redemption and Repurchase - The notes are redeemable at Cipher's option starting October 5, 2028, if the last reported sale price exceeds 130% of the conversion price for a specified period [3] - In the event of a "fundamental change," noteholders may require Cipher to repurchase their notes for cash at the principal amount plus accrued interest [4]
CIFR Slides from All-Time High After Securing $3B Fluidstack Deal
Youtube· 2025-09-25 18:30
[Music] Welcome back to NextGen Investing. It's now time to discuss the latest with Cipher Mining as we're seeing some news today as well as an $800 million senior note offering. So, some various pieces moving here.Joining us now is Jeff Pierce, senior manager of derivatives trading for Charles Schwab. So, Jeff, walk us through I mean what has been a a really interesting move on the session and also seeing spiking volume today. Yeah, tons of volume.Obviously, we're looking at a stock that has had incredible ...
Google Just Made Cipher Mining An AI-Crypto Hybrid Bet
Benzinga· 2025-09-25 18:18
Cipher Mining Inc (NASDAQ: CIFR) just landed one of the most eye-catching endorsements in crypto infrastructure: Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG). Google took a 5.4% stake in the Bitcoin (CRYPTO: BTC) miner, securing roughly 24 million warrants as part of a 10-year, $5 billion AI hosting deal.Track CIFR stock here.The structure effectively backstops $1.4 billion in financing tied to Cipher's Texas data center buildout. For investors, that transforms Cipher from a niche miner into a leveraged bet ...
Google Just Made Cipher Mining An AI-Crypto Hybrid Bet - Cipher Mining (NASDAQ:CIFR)
Benzinga· 2025-09-25 18:18
Core Insights - Cipher Mining Inc has secured a significant endorsement from Alphabet Inc (Google), acquiring a 5.4% stake in the company as part of a $5 billion AI hosting deal, which includes approximately 24 million warrants [1] - This partnership effectively supports $1.4 billion in financing for Cipher's Texas data center expansion, transforming the company into a leveraged investment opportunity in the AI-crypto convergence [2] Industry Context - The timing of this development aligns with the launch of the $400 billion Stargate data center initiative by OpenAI, SoftBank, and partners, which includes new sites in Texas near existing mining hubs [3] - Texas is characterized by low energy costs, a deregulated power grid, and a favorable political environment for both AI and crypto, potentially creating operational synergies for companies like Cipher, Riot, and IREN [4] Company Positioning - Cipher Mining's credibility has been enhanced by Google's investment, positioning the company as a reliable provider of hosting capacity, which differentiates it from competitors and allows access to long-term capital [5] - The stock is now viewed as a dual-track investment, offering exposure to both Bitcoin and AI infrastructure growth, marking a potential catalyst for revaluation [5] Investor Perspective - Cipher Mining is evolving from being perceived solely as a high-beta Bitcoin miner to a strategic investment in AI infrastructure growth in Texas, especially with backing from major players like Google and SoftBank [6] - The intersection of AI and energy infrastructure positions Cipher at the forefront of two rapidly growing market narratives, appealing to investors looking for diversified exposure [6]
X @Decrypt
Decrypt· 2025-09-25 17:15
.@Google is diving deeper into the Bitcoin mining world after backing a deal that gives the tech giant a more than 5% stake in Nasdaq-listed miner Cipher. https://t.co/gc6RPuiMBW ...
Why is Cipher Mining stock slipping despite $3 billion AI hosting deal
Invezz· 2025-09-25 16:45
Cipher Mining Inc (NASDAQ: CIFR) announced a landmark $3 billion artificial intelligence (AI) hosting agreement with Fluidstack today. The 10-year deal includes financial backing from Google as well –... ...
Crypto stock crashes after $3B deal with Google
Yahoo Finance· 2025-09-25 16:33
Cipher Mining (NASDAQ: CIFR) announced a landmark 10-year colocation agreement with AI cloud platform Fluidstack worth roughly $3 billion in contracted revenue. The agreement will see Cipher deliver 168 megawatts (MW) of critical IT load at its Barber Lake site in Colorado City, Texas by September 2026, with capacity expandable up to 500 MW. Including two optional five-year extensions, the deal could generate up to $7 billion in total revenue. Cipher said the project will operate at an estimated 80% to 85 ...