7 min read·Oct 13, 2026
$CIFR after the $850M convertible: what the signed leases are worth at $11.50
Update Oct 14: the notes priced at $15.31 with a capped call to $28.35. On the final terms, the three signed campuses work out to $9.85 to $12.49 a share at a 7% cap.
$CIFR launched an $850M
