Bitcoin mining company Cipher Mining's subsidiary Black Pearl Compute issued $2 billion in junk bonds, attracting $13 billion in subscriptions. The funds will be used to build a data center in Texas and repay early investments. Despite multiple collaborations and development potential, Cipher's stock price fell 12.36% due to market factors.

Bitcoin mining company Cipher Mining Inc.'s subsidiary Black Pearl Compute plans to privately issue $2 billion in 2031 maturity senior secured notes to fund the construction of a high-performance computing data center in Texas, repay previous equity investments, and establish reserves.