Cipher Digital Announces Issuance of $850 Million Convertible Notes to Fund HPC Expansion and Investments in Barber Lake

On October 13, TheEnergyMag (@TheEnergyMag) reported that Cipher Digital ($CIFR) announced the private placement of $850 million in 0% convertible senior notes to qualified institutional buyers, which mature on November 1, 2032, with an option to issue an additional $150 million within 13 days. The proceeds will be used for equity investment in Barber Lake, high-performance computing (HPC) infrastructure development, and site expansion. Additionally, the Barber Lake lease amendment has raised revenue commitments to $9.1 billion.