Cipher Taps Junk Debt Market to Fund Amazon-Tied Data Center
A Cipher Mining Inc. subsidiary is seeking to raise $2 billion in the US junk bond market to help fund construction of a data center tied to Amazon.com Inc.
The firm plans to sell notes maturing in 2031 in a private offering to finance the remaining cost of its Black Pearl facility, a computing data center in Wink, Texas, the company said in a statement.