Cipher Mining is trading 10.97% lower at $8.85 after pricing $850 million of zero-coupon convertible notes, with dilution concerns in focus. - The notes are due 2032, with an approximately $15.31 conversion price; the company also exchanged about $165.9 million of existing notes for approximately 40.7 million shares. - Bitcoin is down 2.37% and Ethereum 3.96% since the previous close, while broader technology shares are also lower. - Today’s trading volume was not specified.