Cipher Mining shares experienced wild swings Thursday as the company announced a major financing package and AI partnership that could reshape its business model. The stock initially plunged 17.5% before recovering with 5% gains in after-hours trading. The Bitcoin mining company upsized its convertible bond offering to $1.1 billion from an initial $800 million proposal. The zero-interest notes mature October 1, 2031, with a conversion price of $16.03 per share. This represents a 37.5% premium to the stock’s last closing price. Private institutional buyers can purchase an additional $120 million in notes within 13 ... (full story)