Cipher Mining is trading at $10.71, down 5.55%, in pre-market on October 14, 2026, with its convertible-note financing the clearest catalyst. - On October 13, Cipher Digital announced an $850 million convertible-note offering alongside an exchange of existing notes for shares; reporting linked financing and dilution concerns to the prior session’s selloff. - Cipher Digital priced the notes on October 14 and expects to exchange about $165.9 million of existing notes for roughly 40.7 million shares. - Crypto was weaker, but BTC fell 0.57% and ETH 1.28%, both less than the stock.