InfraCompute / Deals
Cipher Digital: Senior notes (2025)
Project bond for Cipher Digital, US$1.4bn, 13 November 2025.
Key terms
- Borrower or issuer
- Cipher Digital
- Date
- 13 November 2025
- Structure
- Project bond
- Amount
- US$1.4bn
- Pricing
- 7.125%
- Tenor
- Exercise to 20 Nov 2030
Recorded terms
- Lender type
- Bonds and securitisationsStructure: notes or bonds
- Tenor
- Exercise to 20 Nov 2030
- Security
- First-priority liens on issuer and guarantor; Google warrant pledge pre-completion
- Tenant or offtaker
- Google guarantees Fluidstack obligations under A&R Fluidstack Lease (Google Guaranty)
Parties
Related facilities
Similar financings
Same structure, other borrowers, closest in date.
More from Cipher Digital
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Sources
- Cipher November 13 2025 Form 8-K and indentureSource date: 13 November 2025
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
