Cipher Mining Inc.
Cipher Digital Inc. Announces Pricing of $810.0 Million Senior Secured Notes
Summary
On June 8, 2026, Cipher Digital Inc. announced that its subsidiary, Stingray Compute LLC, priced its $810.0 million senior secured notes due 2031 at 99.750% of their principal amount. The notes will be sold in a private offering to qualified institutional buyers and non-U.S. persons outside the United States. The offering is expected to close on June 15, 2026, subject to customary conditions. The net proceeds will be used to finance the remaining cost of the Stingray Facility, reimburse Cipher for prior equity contributions, and fund debt service reserves. The notes are guaranteed by Cipher Stingray and secured by liens on the Issuer's and Guarantor's assets and equity interests.
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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.
Official SEC Documents
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