TechFlow, September 26 — According to GLOBE NEWSWIRE, Bitcoin mining company Cipher Mining (Nasdaq: CIFR) announced the pricing of its private placement of $1.1 billion in zero-interest senior convertible notes, increasing the amount from the previously announced $800 million.
The company expects net proceeds of approximately $1.08 billion, of which about $70 million will be used for capped call option transactions, and the remainder for the construction of the Barber Lake facility data center, accelerating high-performance computing strategy deployment, expanding development pipelines, and general corporate purposes. The note issuance is expected to close on September 30, with initial purchasers receiving a 13-day option to purchase up to an additional $200 million in notes.
