Cipher Digital Inc. (NASDAQ:CIFR) is one of the 10 Bitcoin Miners That Are Now Data Center Companies.
On June 9, Cipher Digital Inc. (NASDAQ:CIFR) announced that its wholly owned subsidiary, Stingray Compute LLC, had raised $810 million by issuing secured debt
The notes carry a 6% interest rate and mature in 2031. The offering closed on June 15, 2026, after meeting the required closing conditions. The notes were exclusively sold to qualified institutional investors in the US and certain international investors.
The money raised from debt offerings will be used to complete construction of the Stingray data center. Part of the proceeds will also repay the parent company for approximately $61.5 million it previously invested in the project. The company will also set aside funds for future interest and debt payments.