Cipher Digital proposes $850M convertible senior notes due 2032 to fund Barber Lake, HPC pipeline

Cipher Digital announced a proposed private offering of $850 million of 0.00% convertible senior notes due 2032, along with a concurrent exchange of a portion of its convertible notes due 2030. Proceeds will fund its Barber Lake project and high-performance computing pipeline. Shares traded lower on the news.

Detected & updated continuously · Source: Nebula