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Cipher Mining Issues $1.3 Billion Convertible Notes

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Cipher Mining Issues $1.3 Billion Convertible Notes

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Cipher Mining ( (CIFR) ) has issued an announcement.

On September 30, 2025, Cipher Mining Inc. issued $1.3 billion in 0.00% Convertible Senior Notes due 2031, with an additional option for $200 million fully exercised by initial purchasers. These notes are senior, unsecured obligations and are convertible under certain conditions, with a maturity date of October 1, 2031. The company also entered into capped call transactions to mitigate potential dilution of its common stock upon conversion of the notes, with a cap price set at $23.32, representing a 100% premium over the stock’s last reported sale price on September 25, 2025.

The most recent analyst rating on (CIFR) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Cipher Mining stock, see the CIFR Stock Forecast page.

Spark’s Take on CIFR Stock

According to Spark, TipRanks’ AI Analyst, CIFR is a Neutral.

Cipher Mining’s overall stock score reflects financial challenges and valuation concerns, offset by positive technical indicators and promising strategic initiatives highlighted in the earnings call. The company’s ability to manage debt and exceed operational targets suggests potential for future growth, but profitability and cash flow issues remain significant risks.

To see Spark’s full report on CIFR stock, click here.

More about Cipher Mining

Average Trading Volume: 38,497,748

Technical Sentiment Signal: Buy

Current Market Cap: $4.98B

See more data about CIFR stock on TipRanks’ Stock Analysis page.

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