$2.0 billion senior secured notes offering
Company: Cipher Mining - Project: Black Pearl Facility
What the later record shows
Not a promise: a reported event · happened February 4, 2026
The claim reports that the $2.0 billion notes had already been priced. The 8-K filed 2026-02-11 confirms the notes were issued at par.
“The notes were issued at a price equal to 100% of their principal amount.”
2026-02-10 · Cipher Mining 8-K filed 2026-02-11 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Black Pearl Compute LLC priced a $2.0 billion offering of 6.125% senior secured notes due 2031 at par
Source (primary)
cipher-mining 8-K exhibit (dp241116_ex9901.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-20)Live source ↗
Quote: “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”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
Cipher Mining's February 4, 2026 press release states that its subsidiary Black Pearl Compute LLC priced a $2.0 billion offering of 6.125% senior secured notes due 2031 at par, matching every element of the claim.
Confirmed in the source:
- Black Pearl Compute LLC (a wholly-owned subsidiary of Cipher Mining) priced the offering
- The offering size was $2.0 billion
- The notes are senior secured notes
- The notes carry a 6.125% interest rate
- The notes are due 2031
- The notes were priced at par
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000095010326001659/dp241116_ex9901.htm) in full (7,348 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (dp241116_ex9901.htm)
Quote: “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”