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Bitcoin miner Cipher Mining announces plans to raise $1.10 billion in convertible senior notes

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2025-09-26 08:58:02
Nasdaq-listed bitcoin miner Cipher Mining announced that it intends to raise $1.10 billion through the issuance of convertible senior notes due in 2031. It is reported that the size of the new issuance of notes is an increase from the previously announced principal amount of $800 million notes. The issuance and sale are scheduled to settle on September 30, 2025, subject to customary closing conditions. The note does not bear interest and the principal does not accumulate. Cipher Mining will also grant the initial purchaser of the note a 13-day option to purchase an additional $200 million of notes.
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