Cipher’s $850M convert follows Barber Lake cost overruns and delays

Cipher Digital (NASDAQ: CIFR) has announced it intends to sell $850 million of zero-coupon convertible notes that are set to mature in 2032. The announcement was made on Tuesday, October 13, barely 3 weeks after the company agreed to absorb cost overruns to the tune of $359.3 million at its Barber Lake data center in...