PANews, September 25 news, according to Globenewswire, Bitcoin mining company Cipher Mining (NASDAQ: CIFR) plans to privately issue a total of $800 million principal amount of convertible preferred notes to qualified institutional buyers, maturing in 2031, with an interest rate of 0.00%. Cipher also expects to grant initial purchasers of the notes a 13-day option to purchase up to an additional $120 million principal amount of notes. The notes will mature on October 1, 2031, unless redeemed, repurchased, or converted early.
Cipher plans to use a portion of the net proceeds from this issuance to pay for the costs of call Options trading, with the remaining funds allocated to finance the construction of the company's data center at Barber Lake, accelerate the full deployment of its 2.4 GW high-performance computing (HPC) strategy, continue expanding its development site reserves, and for general corporate purposes.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hyperliquid platform’s combined oil trading volume today exceeds all BTC and other perpetual contracts
Gate News updates—On April 8, according to monitoring by @mlmabc, on the Hyperliquid platform, assets in the combined oil (Combined oil) category have today’s trading volume exceed that of all other perpetual contract products on the platform, including BTC.
GateNews2m ago
Cardano bets $80 million to unlock Bitcoin liquidity: Can the $3 billion DeFi target for 2030 be met?
Cardano launches the Orion Fund in 2026, releasing 50 million ADA and shifting to an investment-driven expansion strategy. The fund size is $80 million, with the goal of activating Bitcoin liquidity, and the overall ecosystem expansion relies on the DeFi sector. At the same time, Cardano’s on-chain TVL target is $3 billion; stablecoin liquidity and real demand are key challenges.
GateNews12m ago
A whale opened a 40x-leverage BTC short position, with a position size of $14.3 million.
Gate News message. On April 8, according to monitoring by Hyperinsight, a whale starting with 0xec4, after taking profit on long positions, opened a BTC short position within the past 1 hour using 40x leverage. The average price was $71,638, with a size of 200 BTC, approximately $14.3 million. The liquidation price was $76,013.
GateNews23m ago
MetaPlanet CEO: The number of the company’s Japanese shareholders has surpassed 250k.
Gate News: On April 8, Bitcoin Treasury Company MetaPlanet CEO Simon Gerovich announced that the number of the company’s Japanese shareholders has surpassed 250,000, making it one of the stocks with the highest holdings in Japan.
GateNews24m ago
Bitcoin active addresses fall to a 8-year low as speculative activity declines
Gate News message, April 8, according to CryptoQuant data, the number of Bitcoin active addresses has fallen to the lowest level in 8 years. The data indicates that current market speculation activity has clearly decreased and may be in a potential long-term accumulation phase.
GateNews25m ago
CZ’s new book reveals: He accidentally sent 46 BTC to the wrong address due to an operational mistake, and the funds are permanently lost
In his new book, CZ recalls a mistake he made when buying Bitcoin using BTC-e after Mt. Gox collapsed. He accidentally sent 46 BTC to the wrong address, resulting in the permanent loss of the assets, worth about $30k. He highlighted the risk of blockchain transactions being irreversible and the lack of a centralized compensation mechanism.
GateNews26m ago
