Cipher Digital Announces Issuance of $850 Million Convertible Notes to Fund HPC Expansion and Investments in Barber Lake

According to TheEnergyMag (@TheEnergyMag), Cipher Digital ($CIFR) announced the private placement of $850 million in convertible senior notes with a 0% interest rate to qualified institutional buyers. The notes will mature on November 1, 2032, and include an option to issue an additional $150 million within 13 days. The proceeds will be used for an equity investment in Barber Lake, high-performance computing (HPC) infrastructure construction, and site expansion. Additionally, the Barber Lake lease amendment has raised revenue commitments to $9.1 billion.