Bloomberg: Cipher Mining Plans to Raise $2 Billion via Private Debt Offering to Build Data Center

BlockBeats News, February 3rd, according to Bloomberg, Cipher Mining Inc. plans to raise $2 billion through the U.S. high-yield bond market to fund data center construction related to Amazon.

The company stated that it will issue bonds privately maturing in 2031 to pay for the remaining construction costs of its Black Pearl mining data center located in Wink, Texas.