Cipher Mining’s $800M Crypto Gambit: Zero Interest, All Drama 🤑
The company is now offering $800 million in “0.00% convertible senior notes”-because who doesn’t want to lend money for free? The notes, which could balloon to $920 million if you squint and add a few exclamation points, are unsecured, interest-free, and will mature in 2031. That’s six years from now, assuming the sun doesn’t expand and swallow Earth first. Bonus: They’re convertible into cash, stock, or a combo platter, depending on how the dice of capitalism roll.






