Cipher Compute LLC Completes $1.4 Billion Senior Secured Notes Offering

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The notes were issued at par and will be used to finance the construction of the Barber Lake Facility, a high-performance computing data center in Texas. The notes bear interest at a rate of 7.125% per year, payable semiannually, and mature on November 15, 2030. Cipher Compute has the option to redeem the notes after November 15, 2027. The Indenture includes various covenants that limit the ability of the Issuer and Guarantor to engage in certain activities and transactions.

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About Cipher Mining Inc.

Cipher Mining Inc. operates as a cryptocurrency mining company with a focus on sustainable bitcoin mining operations. Its primary function lies in the efficient and large-scale mining of bitcoin, offering infrastructure and expertise to maximize the value and support transaction processing within the Bitcoin network. Cipher Mining uniquely positions itself in the fast-evolving digital currency landscape by emphasizing sustainability, utilizing renewable energy sources to power its operations, which addresses the growing concerns around the environmental impact of cryptocurrency mining. This approach not only helps in reducing carbon footprints but also sets a scalable model as the demand for cryptocurrencies evolves. The company's mining facilities are strategically located to optimize energy consumption and cost efficiencies, aligning with its commitment to environmentally responsible practices. As part of the larger cryptocurrency and blockchain sectors, Cipher Mining plays a crucial role in facilitating transactions and securing the blockchain, thereby integral to the infrastructure that supports digital currency ecosystems globally. Founded with a vision to merge traditional energy expertise with cutting-edge digital finance solutions, Cipher Mining accentuates the intersection of innovation and sustainability in the financial markets.