Barber Lake gets its own $1.4B project financing, 7.125% notes secured on the site, not the company
On November 13, 2025 Cipher Compute LLC, a wholly owned indirect Cipher subsidiary, closed a private offering of $1.4 billion of 7.125% senior secured notes due 2030, guaranteed by Cipher Barber Lake LLC and sold under a November 5 purchase agreement with Morgan Stanley & Co. as representative of the initial purchasers.
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