Cipher Mining's Black Pearl Compute to Offer $2 Billion in Senior Secured Notes for HPC Facility in Texas
DATA AND AI INFRASTRUCTURE
Cipher Mining Inc.'s subsidiary, Black Pearl Compute LLC, plans to offer $2 billion in senior secured notes to fund the construction of a 300 MW high-performance computing facility in Wink, Texas. The financing will also reimburse Cipher approximately $232.5 million for previous equity contributions, as the company transitions from Bitcoin mining to HPC amid market volatility, securing long-term leases with major tech firms, including a 15-year agreement with Amazon Web Services.
Feb 4, 2026, 12:24 PM
