Cipher Digital Plans Up To $1 Billion For AI Data Centers
Photo: TokenPost
Cipher Digital plans to raise up to $1 billion through convertible-note financing to expand its AI data-center capacity and fund construction tied to the Barber Lake project. The company plans to offer $850 million of zero-coupon convertible senior notes to qualified institutional investors. The notes are scheduled to mature on Nov. 1, 2032, and investors would have an option to purchase an additional $150 million, bringing the potential total to $1 billion. Cipher Digital intends to use the proceeds for investment in Barber Lake, high-performance computing data-center construction and site expansion.
Source: TokenPost
