Cipher Mining intends to raise $2 billion through a senior secured notes offering

By: theblockbeats.news|2026/02/05 00:01:41

BlockBeats News, February 4th, Cipher Mining, a Nasdaq-listed Bitcoin mining company, announced plans to issue senior secured notes to qualified institutional buyers based on market conditions and other factors, raising a total of $2 billion. The guarantors of this fundraising transaction are Cipher Black Pearl and 11786 Wink LLC.

It is reported that the net proceeds from this issuance will be used to pay the remaining construction costs of a high-performance computing data center in Wink, Texas, provide funding for a debt service reserve fund, and pay related fees and expenses.

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