Bitcoin mining company Cipher Mining announces plan to raise $1.1 billion through convertible senior notes offering

Jinse Finance reported that Nasdaq-listed bitcoin mining company Cipher Mining announced plans to raise $1.1 billion through the issuance of convertible senior notes due in 2031. It is reported that the fundraising scale of the newly issued notes has increased compared to the previously announced $800 million principal amount. The issuance and sale are scheduled to be settled on September 30, 2025, subject to customary closing conditions. The notes will bear no interest and the principal will not accrue. Cipher Mining will also grant the initial purchasers of the notes a 13-day option to purchase an additional $200 million of notes.