Bitcoin mining company Cipher Mining plans to issue $2 billion in senior secured notes

GateNews

2026-02-03 13:21:24

BTC-0,67%

PANews February 3 News, according to Globenewswire, Bitcoin mining company Cipher Mining Inc. announced that its wholly owned subsidiary Black Pearl Compute LLC plans to privately issue $2 billion worth of senior secured notes due in 2031. The issuance is targeted at qualified institutional investors and aims to fund the company’s high-performance computing data center “Black Pearl Facility” in Wink, Texas.
The proceeds will mainly be used to cover the remaining construction costs of the Black Pearl Facility, repay Cipher’s previous equity investment of approximately $232.5 million in the project subsidiary, establish debt repayment reserves, and cover related expenses.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

The Origin Story of Sunny Lu: From a 100 BTC Scam to Building VeChain

bitcoin news

VeChain’s Sunny Lu got into crypto after losing $300 on an unsuccessful 100 BTC purchase on Taobao, which led him to research Bitcoin. Later, Lu used blockchain to track supply chains and launched VeChain in 2015 to target verification and enterprise applications. The crypto journey of Sunny

CryptoNewsFlash44m ago

Comment

0/400

No comments