Senior Secured Notes Offering
Cipher Mining, the Nasdaq-listed Bitcoin mining company, has announced plans to issue senior secured notes to qualified institutional investors, aiming to raise up to $2 billion depending on market conditions and other factors.
Use of Proceeds
The net proceeds from the offering will be primarily used to cover the remaining construction costs of the high-performance computing data center in Wink, Texas, as well as to fund the debt service reserve account and cover related expenses.
Guarantor Details
Cipher Black Pearl and 11786 Wink LLC will act as guarantors for the issuance, providing support throughout the transaction process.