debt
confidence high
sentiment neutral
materiality 0.60
Cipher Digital Inc. (CIFR): debt financing — Cipher Mining issues $333M additional 7.125% senior secured notes due 2030
Cipher Digital Inc.
- Issued $333M aggregate principal amount of additional 7.125% Senior Secured Notes due 2030.
- Notes are same series as existing $1.4B Initial Notes; issued at 100.250% of par.
- Proceeds to finance construction of additional facilities at the Barber Lake HPC data center.
- Cipher has provided a completion guarantee for the Barber Lake Facility funding shortfall.
- Interest payable semiannually starting May 2026; notes mature Nov 15, 2030.