debt
confidence high
sentiment neutral
materiality 0.75
Cipher Mining subsidiary proposes $1.4B senior secured notes due 2030 for HPC data center
Cipher Digital Inc.
- $1.4 billion aggregate principal amount of senior secured notes due 2030 in private offering.
- Net proceeds to finance construction of Barber Lake Facility, an HPC data center near Colorado City, Texas.
- Notes secured by substantially all assets of issuer and guarantor, equity interests, lockbox, and pledge of Google warrants.
- Cipher provides completion guarantee, funding issuer if proceeds insufficient for timely completion of Barber Lake Facility.
- Offering subject to market conditions; no assurance of completion or terms.