Cipher Digital's stock fell 5% following the pricing of an $850 million zero-interest convertible note aimed at funding an expansion of its AI data center projects, including the Barber Lake site. The company also plans a share exchange that increases its outstanding shares, raising concerns about dilution. While the expanded contracts could boost future revenue, investors remain cautious as rising share counts and existing debt pressure margins. Peer companies IREN and Applied Digital also saw stock declines amid broader sector weakness after an inflation report.
Cipher Digital's shares are down 5.56% at USD 10.71 on Pluang as of Oct 14, 2026 20:51 WIB, reflecting continued investor caution after the zero-coupon note pricing. Applied Digital also declined 6.02% to USD 21.09, with its market cap at $6.79 billion, showing sector-wide pressure. Despite the sell pressure, Cipher Mining's order activity on Pluang remains predominantly buy at 84%, indicating some investor interest amid the volatility.
