Cipher Mining Files For Offering Of 2.4M Shares Of Co's Common Stock Directly To Trinity Mining Group Pursuant To The Prospectus Supplement
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining has filed for an offering of 2.4 million shares of its common stock directly to Trinity Mining Group. The offering is pursuant to the prospectus supplement.
November 08, 2023 | 6:54 pm
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Cipher Mining's stock offering to Trinity Mining Group could potentially dilute existing shareholders' equity.
The offering of 2.4 million shares of Cipher Mining's common stock to Trinity Mining Group could dilute the equity of existing shareholders. This is because the introduction of more shares into the market increases the total number of outstanding shares, which can decrease the value of existing shares. Therefore, this news could potentially have a negative impact on Cipher Mining's stock price in the short term.
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