TechFlow News, February 3: Cipher Mining Inc. (Nasdaq: CIFR) announced today that its wholly owned subsidiary, Black Pearl Compute LLC, plans to issue $2 billion in senior secured notes due 2031. Proceeds will be used primarily to complete construction of the Black Pearl high-performance computing data center in Wink, Texas; repay approximately $232.5 million in prior equity investments; establish a debt reserve; and cover related expenses. The notes will be guaranteed by the company’s subsidiaries and secured by a first-priority pledge of substantially all the issuer’s assets.
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