Proceeds from the private debt sale will fund operations amid a rebound in Bitcoin prices and growing institutional interest.
Cipher Digital announced plans to raise $810 million through senior secured notes maturing in 2031, targeting qualified institutional buyers. The funds will support its subsidiary, Stingray Compute, and broader operational needs.
The offering follows a recent uptick in Bitcoin prices, which has bolstered sentiment in crypto-related equities. No prior debt issuance of this scale has been reported for the company, marking a significant capital raise.
Shares of CIFR have rallied in tandem with BTC’s recovery, reflecting investor optimism about the sector’s near-term prospects.