Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
Bitcoin mining company Cipher Mining plans to issue $2 billion in senior secured notes
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.