NasdaqGS:CIFRSoftware
Is Cipher Mining’s (CIFR) $2 Billion AI Bet Rewriting Its Core Investment Story?
Cipher Mining recently priced US$2.00 billion in senior secured notes to help complete its Black Pearl industrial-scale data center in Wink, Texas, with closing expected on February 11, 2026, subject to customary conditions.
This financing highlights a shift toward AI and high-performance computing infrastructure, signaling an expansion beyond the company’s traditional crypto-focused operations.
Next, we’ll examine how this large debt financing for AI and high-performance computing...