debt
confidence high
sentiment neutral
materiality 0.85
Cipher Mining subsidiary prices $2.0B of 6.125% senior secured notes due 2031
Cipher Digital Inc.
- $2.0B aggregate principal of 6.125% senior secured notes due 2031 priced at par; expected closing February 11, 2026.
- Proceeds to finance remaining cost of Black Pearl HPC data center in Wink, TX, and reimburse Cipher $232.5M for prior equity contributions.
- Notes secured by first-priority liens on substantially all assets of issuer and guarantors, plus equity interests held by parent.
- Cipher provides a completion guarantee to fund any shortfall for timely completion of the Black Pearl Facility.