NEW YORK, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”), a leading owner, developer and operator of industrial-scale data centers, today announced that its wholly-owned subsidiary, Cipher Compute LLC (the “Issuer”), has priced $333.0 million aggregate principal amount of additional 7.125% senior secured notes due 2030 (the “Additional Notes”), in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A un ...

Core Viewpoint - Cipher Mining Inc. plans to offer $333.0 million in additional 7.125% senior secured notes due 2030 to finance construction costs for its Barber Lake Facility [1][3] Group 1: Offering Details - The additional notes will be a further issuance of the existing 7.125% senior secured notes due 2030, which were initially issued on November 13, 2025 [2] - After the offering, the total outstanding amount of these notes will reach $1.733 billion [2] - The offering is intended for qualified institutional buyers and non-U.S. persons, adhering to Rule 144A and Regulation S under the Securities Act [1][7] Group 2: Use of Proceeds - The net proceeds from the offering will be used to finance a portion of the construction costs for additional facilities at the Barber Lake Facility, a high-performance computing data center located near Colorado City, Texas [3] Group 3: Security and Guarantees - The additional notes will be fully guaranteed by Cipher Barber Lake LLC, a wholly-owned subsidiary of the issuer, and secured by first-priority liens on substantially all assets of the issuer and the guarantor [4] - The notes will also be secured by equity interests held by Cipher Songbird LLC and a pledge by Google LLC of warrants to purchase common stock of Cipher [4] Group 4: Company Overview - Cipher Mining focuses on developing and operating industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting, aiming to lead in innovation within the industry [9]