secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0000950103-26-001480
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Mining subsidiary Black Pearl Compute to offer $2.0B senior secured notes due 2031 for data center financing
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- Black Pearl Compute, Cipher's subsidiary, intends to offer $2.0B senior secured notes due 2031 to qualified institutional buyers.
- Net proceeds to finance remaining cost of Black Pearl Facility high-performance computing data center in Wink, Texas.
- Proceeds also to reimburse Cipher ~$232.5M for prior equity contributions to fund facility capital expenditures.
- Notes secured by substantially all assets of issuer and guarantors; Cipher provides completion guarantee for facility.
- Offering is subject to market conditions; no assurance on completion or terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000095010326001480/0000950103-26-001480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000095010326001480/dp240991_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-001480

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