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Cipher Digital prices $810M senior secured notes to fund data center completion and debt reserves.

Company Fundamentals
08 Jun 2026
GlobeNewsWire
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Neutral
pluang ai news

Cipher Digital Inc. announced that its subsidiary Stingray Compute LLC has priced $810 million in 6.0% senior secured notes due 2031, to be sold privately to qualified institutional buyers. The proceeds will finance the completion of the Stingray data center, reimburse prior equity contributions of about $61.5 million, and fund debt service reserves. The notes are secured by liens on the issuer's assets and equity interests, with a guarantee from Cipher Stingray. The offering is expected to close on June 15, 2026, subject to market conditions. This financing supports Cipher's strategy to expand its industrial-scale data center capacity for high-performance computing workloads.

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