Odaily Planet Daily News: Nasdaq-listed Bitcoin mining company Cipher Mining announced plans to issue senior secured notes to qualified institutional investors based on market conditions and other factors, with a total fundraising amount of $2 billion. The guarantors for 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 cover the remaining construction costs of the high-performance computing data center in Wink, Texas, provide debt reserve funds, and pay related fees and expenses. (Globenewswire)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Cipher Mining plans to raise $2 billion through the issuance of senior secured notes
Odaily Planet Daily News: Nasdaq-listed Bitcoin mining company Cipher Mining announced plans to issue senior secured notes to qualified institutional investors based on market conditions and other factors, with a total fundraising amount of $2 billion. The guarantors for 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 cover the remaining construction costs of the high-performance computing data center in Wink, Texas, provide debt reserve funds, and pay related fees and expenses. (Globenewswire)