[Cipher Plans to Issue $1.4 Billion in Bonds to Build Texas HPC Data Center] Mining company Cipher Mining announced plans to raise $1.4 billion through a private bond issuance to construct a high-performance computing (HPC) facility in Barber Lake, Texas. The bonds are senior secured notes maturing in 2030 and will be issued to qualified institutional investors under Rule 144A of the Securities Act. The notes are guaranteed by Cipher Barber Lake LLC and are secured by a first-priority pledge of nearly all assets of the issuer and guarantor, as well as the equity of the parent company. This also includes a lockbox account established by Fluidstack USA II Inc. and a pledge of warrants from Google LLC. This move follows Cipher's recent signing of a $5.5 billion, 15-year lease agreement with AWS, marking the company's accelerated transition toward AI and cloud computing hosting services.