Cipher Digital shares fall 45% since June 30
CIFR Cipher Digital Inc
$13.52 +0.15%
View chart & analysis → - 1Cipher Digital closed at $13.52 on October 9.
- 2Cipher Digital shares fell 44.8% compared to the June 30 closing price of $24.50.
- 3CFO Greg Mumford said the funds secured for existing projects are 5-year fixed-rate debt.
So what's the key point?
Cipher Digital's stock price has dropped 45% since the end of June. The money the company borrowed is debt that requires paying a fixed interest rate for 5 years.
Source TIKR · View original ↗
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