Cipher Mining (US:CIFR) Globenewswireยท2025-11-04 13:35Core Viewpoint - Cipher Mining Inc. plans to offer $1.4 billion in senior secured notes due 2030 to finance the construction of the Barber Lake Facility, a high-performance computing data center in Texas [1][2]. Group 1: Offering Details - The offering will be made to qualified institutional buyers under Rule 144A of the Securities Act [1][5]. - The notes will be fully guaranteed by Cipher Barber Lake LLC, a subsidiary of the issuer, and secured by first-priority liens on substantially all assets of the issuer and the guarantor [3]. - The offering is subject to market conditions, and there is no assurance regarding its completion [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to finance a portion of the construction costs for the Barber Lake Facility [2]. Group 3: Company Overview - Cipher Mining focuses on developing and operating industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting [7]. - The company aims to lead in innovation within the bitcoin mining sector and data center construction [7].