InfraCompute / Deals
Cipher Digital: 6.125% senior notes (2026)
Project bond for Cipher Digital, US$2bn, 4 February 2026.
Key terms
- Borrower or issuer
- Cipher Digital
- Date
- 4 February 2026
- Structure
- Project bond
- Amount
- US$2bn
- Pricing
- 6.125%
- Tenor
- Matures 2031
What’s notable
US$2bn of 6.125% senior secured notes due 2031 for the 300MW Black Pearl facility in Texas, leased to AWS. The notes carry first-priority liens on the issuer, the guarantors and the issuer's equity. It is another former miner pricing off a hyperscaler lease rather than its own credit.
Recorded terms
- Lender type
- Bonds and securitisationsStructure: notes or bonds
- Tenor
- Matures 2031
- Security
- First-priority liens on issuer, guarantors and issuer equity
- Tenant or offtaker
- AWS
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from Cipher Digital
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Sources
- Cipher pricing of$2.0bn senior secured notesSource date: 4 February 2026
- Cipher February 11 2026 Form 8-K and indentureSource date: 11 February 2026
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
