NEW YORK, Feb.  04, 2026  (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (&#34;Cipher&#34; or the &#34;Company&#34;), a leading developer and operator of industrial-scale data centers, today announced that its wholly-owned

CIFR

Cipher Mining Inc. Announces Pricing of $2.0 Billion of Senior Secured Notes

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  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, Feb.  04, 2026  (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (&amp;#34;Cipher&amp;#34; or the &amp;#34;Company&amp;#34;), a leading developer and operator of industrial-scale data centers, today announced that its wholly-owned</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Cipher Mining Inc. has announced a $2 billion senior secured notes offering, aimed to finance the Black Pearl Facility and reimburse previous costs. This move positions the company for growth in the competitive bitcoin mining and HPC hosting markets, closing on February 11, 2026.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Cipher announces $2 billion secured notes offering at 6.125% due 2031.</li><li>Funds will finance Black Pearl Facility in Wink, Texas, and reimburse $232.5 million.</li><li>Offering closing on February 11, 2026, subject to market conditions.</li><li>Notes secured by first-priority liens on assets of Cipher&#039;s subsidiaries.</li><li>Company poised for growth in the bitcoin mining and HPC hosting sectors.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Cipher Mining Inc. (CIFR)</strong>: Seeking growth through a new secured notes offering.</li><li><strong>Black Pearl Compute LLC (N/A)</strong>: Key subsidiary for the data center operations in Texas.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>The article fits the &#039;Corporate Developments&#039; category as it discusses a significant funding initiative aimed at improving operational capacity and financial stability for Cipher Mining, which is crucial for its future growth prospects in the data center industry.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Successful completion of the notes offering could stabilize CIFR&#039;s funding position.</li><li>Black Pearl Facility investment may lead to improved operational capacity and revenue.</li><li>Market sentiments could shift positively with secured financing enabling growth initiatives.</li><li>Volatility in cryptocurrency markets may indirectly impact CIFR&#039;s operational outlook.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>CIFR prices $2 billion senior secured notes at 6.125%, maturing in 2031.</li><li>Proceeds will finance the Black Pearl Facility&#039;s remaining costs and reimburse prior expenses.</li><li>Offering scheduled to close on February 11, 2026.</li><li>Notes secured by first-priority liens on all assets of Cipher&#039;s subsidiaries.</li><li>$232.5 million reimbursement to Cipher from the offering proceeds.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>CIFR is positioned for potential upside as the funding enables facility completion, targeting growth in the bitcoin mining sector.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>NEW YORK, Feb.  04, 2026  (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CIFR">CIFR</a>) ("Cipher" or the "Company"), a leading developer and operator of industrial-scale data centers, today announced that its wholly-owned subsidiary, Black Pearl Compute LLC (the "Issuer"), has priced a $2.0 billion offering of 6.125% senior secured notes due 2031 (the "Notes") at par. The Notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons outside of the United States pursuant to Regulation S under the Securities Act. The offering is expected to close on February 11, 2026, subject to market and other conditions.</p>  <p>The Issuer intends to use the net proceeds from the offering (1) to finance the remaining cost of the Black Pearl Facility, a high-performance computing data center in Wink, Texas (the "Black Pearl Facility"), (2) to reimburse Cipher approximately $232.5 million for its prior equity contributions to Cipher Black Pearl LLC ("Cipher Black Pearl"), a wholly-owned direct subsidiary of the Issuer, used to fund capital expenditures relating to the Black Pearl Facility, (3) to fund debt service reserves, and (4) to pay fees and expenses in connection with the foregoing.</p>  <p>The Notes will be fully and unconditionally guaranteed by each of Cipher Black Pearl and 11786 Wink LLC, a wholly-owned direct subsidiary of the Issuer ("11786 Wink," and together with Cipher Black Pearl, the "Guarantors"). The Notes and related note guarantees will be secured by first-priority liens on (i) substantially all assets of the Issuer and the Guarantors, other than certain excluded property and (ii) all equity interests of the Issuer held by Black Pearl Holdings LLC, a Delaware limited liability company and the direct parent company of the Issuer.</p>  <p>Cipher will provide a customary completion guarantee with respect to the Black Pearl Facility under which it will fund the Issuer as necessary to ensure the timely completion of the Black Pearl Facility in the event that the proceeds of the Notes are insufficient to do so.</p>  <p>The offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the offering may be completed.</p>  <p>The Notes have not been registered under the Securities Act or securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes were offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.</p>  <p>This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<br></br>  <br></br><strong>About Cipher</strong></p>  <p>Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world's largest HPC companies.</p>  <p><strong>Forward Looking Statements</strong></p>  <p>This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as statements regarding the completion of the offering of the notes and the intended use of the net proceeds, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words "may," "will," "should," "expects," "plans," "anticipates," "could," "seeks," "intends," "targets," "projects," "contemplates," "believes," "estimates," "strategy," "future," "forecasts," "opportunity," "predicts," "potential," "would," "will likely result," "continue," and similar expressions (including the negative versions of such words or expressions).</p>  <p>These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and our management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher's securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher's evolving business model and strategy and efforts we may make to modify aspects of our business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher's business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ("SEC") on February 25, 2025, our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2025 filed with the SEC on August 7, 2025, our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2025 filed with the SEC on November 3, 2025, and in Cipher's subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.</p>  <p><strong>Contacts:</strong><br></br><strong>Investor Contact:</strong><br></br>Courtney Knight<br></br>Head of Investor Relations at Cipher Mining<br></br><u><a href="https://www.globenewswire.com/Tracker?data=RnXFnw7XTWGQOr5iQMoKiZsCQONs3bc86NVzdBSRlBFc-Cv2CzgU55nY9T8LLIEEc5DnLLzvMixqHelL-Bae3JNW3hYkRkkvimkdJUf-b2i-KpuzuSkE9tVfCF6dip328lqEexIqgJILLiJYAp5nYA==" rel="nofollow" target="_blank">Courtney.knight@ciphermining.com</a> </u></p>  <p><strong>Media Contact:</strong><br></br>Ryan Dicovitsky<br></br>Dukas Linden Public Relations<br></br><u><a href="https://www.globenewswire.com/Tracker?data=vJef8f6Ld0oqrEcFOt2awUC9LiJETS0JkgBwMVI-M3U9DkdI7sp7I68IcFjcuMg51cupFo8jLB9e4yhoJ3vqt2fftBUGh1BiYgNhE65QkWU=" rel="nofollow" target="_blank">CipherMining@DLPR.com</a></u> <strong> </strong></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY0OTE4MyM3NDEwMjExIzIyMTAwOTA="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YWUyYjNmOTAtZmE4Zi00ZDI1LTg1OGItYWRhMGVlNDgxMWQzLTEyMjE2NDMtMjAyNi0wMi0wNC1lbg==/tiny/Cipher-Mining-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/8842205d-b0f4-4ef8-8184-bca2f700c9f3"><img src="https://ml.globenewswire.com/media/8842205d-b0f4-4ef8-8184-bca2f700c9f3/small/cipher-mining-linkedin-logo-1-png.png" border="0" width="150" height="150" alt="Primary Logo"></img></a></p>

Cipher Mining Inc. has announced a $2 billion senior secured notes offering, aimed to finance the Black Pearl Facility and reimburse previous costs. This move positions the company for growth in the competitive bitcoin mining and HPC hosting markets, closing on February 11, 2026.

Cipher Mining Inc. Announces Pricing of $2.0 Billion of Senior Secured Notes

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