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Why Cipher Digital Stock Plunged 26% This Week

Source: fool.com

Corporate EarningsCredit & Bond MarketsCompany FundamentalsTechnology & Innovation
Why Cipher Digital Stock Plunged 26% This Week

Cipher Digital shares fell 25.7% this week after the company announced an $850 million convertible debt offering. Proceeds, alongside a note-for-equity exchange, will fund its Barber Lake high-performance computing campus.

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