English Title:
Stock Market Today, Oct. 13: Cipher Digital Drops 13% on $850M Convertible Note Offering

中文标题：
股票市场,今天,10月13日: 电子数字跌幅为13%,价格为850万美元 可转换的备注提供

English Content:
Cipher Digital (NASDAQ:CIFR), a Bitcoin (CRYPTO:BTC) mining and data center development company, closed at $11.34, down 12.77%. Premarket financing plans for $850 million in convertible notes pressured the stock, and investors are watching dilution risk alongside data center expansion and high-performance computing growth. Trading volume reached 123.5M shares, coming in about 257% above its three-month average of 34.6M shares. Cipher Digital IPO'd in 2020 and has grown 15% since going public. How the markets moved today S&P 500 (SNPINDEX:^GSPC) closed at 7,805, down 0.02%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 27,204, down 0.15%. Among Bitcoin mining and industrial-scale data center development peers, MARA Holdings (NASDAQ:MARA) closed at $9.11, down 3.50%, and CleanSpark (NASDAQ:CLSK) closed at $10.15, down 1.46%. What this means for investors Cipher Digital dropped 13% today after it announced plans to raise $850 million by offering 0% convertible notes due in 2032. There will also be an option for holders to buy another $150 million, potentially upping the raise to an even $1 billion. Alongside this offering, Cipher exchanged its existing 1.75% convertible notes, due in 2030, for CIFR shares via private transactions with holders. This second part highlights why the market reacted so negatively to today's news, as there is a strong likelihood that this offering could be dilutive to shareholders over the long term. Over the last five years, Cipher's shares outstanding have grown by 12% annually, with its total share count rising from 250 million to 414 million. Much like Fermi, Cipher's potential to thrive in an AI-computing era is a high-risk, high-reward proposition for investors -- albeit perhaps slightly less risky, since it generates revenue from Bitcoin mining sales. The market's reaction is fair, but today's offering could prove to pay dividends over the long haul as the company invests in expanding its high-performance computing operations, especially if surging AI compute demand persists. Should you buy stock in Cipher Digital right now? Before you buy stock in Cipher Digital, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cipher Digital wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $380,795!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,390,634!*

中文正文：
Cipher Digital(NASDAQ:CIFR),是一家比特币(CRYPTO:BTC)采矿和数据中心开发公司,以11.34美元关闭,下降12.77%. 8.5亿美元可兑换纸币的市场前融资计划对股票造成压力,投资者在数据中心扩展和高性能计算增长的同时,正在观察稀释风险。 交易量达到123.5M股,比3个月平均34.6M股高出257%。 2020年Cepher Digital IPO"上市后增长15%. 今天的S&P 500(SNPINDEX:^GSPC)如何以7,805,降0.02%关闭市场,而纳斯达克复合(NASDAQINDEX:^IXIC)则以27,204,降0.15%关闭市场. 在比特币矿业和工业规模数据中心开发同行中,MARA控股(NASDAQ:MARA)以9.11美元关闭,下降3.50%,CleanSpark(NASDAQ:CLSK)以10.15美元关闭,下降1.46%. 这对投资人来说意味着什么? 在Sepher Digital宣布计划筹集8.5亿美元之后, 持卡人还可以另购1.5亿美元,有可能将涨价提高到10亿美元。 除了这个提议之外 Cipher还交换了它现有的1.75%的敞篷车 应于2030年提交的CIFR股票,通过与持有者的私人交易。 第二部分突出了为什么市场对今天的消息作出如此消极的反应,因为从长远来看,这一提议极有可能对股东造成稀释。 在过去五年中,Cepher的未偿股每年增长12%,其总份额从2.5亿增至4.14亿。 和费米一样,Cepher在人工智能计算时代蓬勃发展的潜力对投资者来说是一个高风险的,高回报的建议 — — 尽管风险可能略低,因为它能从比特币采矿销售中获得收入. 市场的反应是公平的,但当公司投资扩大其高性能计算操作时,特别是如果AI计算需求的猛增持续,今天的报价可以证明能够长期支付红利。 你现在应该买Cipher数码公司的股票吗? 在你购买Cepher Digital的股票之前,请考虑一下: Motley Fool Stock Advisor 分析组刚刚确定了他们认为是投资者现在购买的十大最佳股票... 切掉的10种股票 可以产生怪物回报 未来几年。 想想当Netflix在2004年12月17日列出这份名单时... 如果你在我们推荐时投资了1000美元,你就会有380,795美元! 或者当恩维迪亚在2005年4月15日提出这份名单时... 如果你在我们推荐的时候投资了1000美元,你就会有1,390,634美元