1Wk·

800-million-dollar convertible bond

$CIFR (+5.78%)


This is where the funds for accelerated capacity expansion come in her👍🏻.


At least some of the proceeds will be used to mitigate the dilution, which I think is absolutely positive. First contract is safe (see my previous post), growth financing has been placed, I would say it is currently running.


Dilution doesn't taste so good at first, of course, but it's for a good cause😂.


I'm curious to see how things will continue here, of course I'll stick with it😁.


$BITF (+1.8%)
$IREN (+7.59%)
$BTC (-0.08%)
$NB2 (+1.41%)

https://de.investing.com/news/stock-market-news/cipher-mining-plant-800millionendollarwandelanleihe--aktie-unter-druckn-93CH-3161817

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5 Comments

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I think it's great. My buy order was finally executed for the first tranche. Let's see if they perform as well as $IREN
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@Multibagger Why the first tranche now and not a week ago?
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@value_seeker_ totally justified question. I didn't have any free money. And since my challenge runs without deposits, I had to wait until another value $APLD reached its target and I sold at least part of it.
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Given the positive news, I would have expected a different share price performance
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@investment_wizard_2286 Dilution of existing shareholders through the issue of new shares is always a bad idea. Good for growth in the long term, but a temporary drag on the share price. Immediately after the news about the contract, it went up by 2 digits until the announcement about the capital increase came😅.
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