Use of convertible note proceeds
Company: Cipher Mining - Project: Barber Lake Facility
The claim, verbatim
Proceeds will fund capped call transactions, additional equity investment in the Barber Lake Facility, accelerated HPC pipeline build-out, development site expansion and general corporate purposes.
Source (primary)
cipher-mining 8-K exhibit (d134900dex991.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-14)Live source ↗
Quote: “Fund the cost of entering into the capped call transactions, fund additional equity investment in the Barber Lake Facility project, accelerate the build -out of high -performance Use of Proceeds computing pipeline”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The offering summary's Use of Proceeds lists all five uses named in the claim.
Confirmed in the source:
- Proceeds of Cipher's convertible note offering will fund the cost of capped call transactions
- Proceeds will fund additional equity investment in the Barber Lake Facility project
- Proceeds will accelerate the build-out of Cipher's high-performance computing pipeline
- Proceeds will help continue expanding Cipher's pipeline of development sites
- Proceeds will be used for general corporate purposes
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1819989/000119312526419743/d134900dex991.htm) in full (17,922 characters, retrieved October 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cipher-mining 8-K exhibit (d134900dex991.htm)
Quote: “Fund the cost of entering into the capped call transactions, fund additional equity investment in the Barber Lake Facility project, accelerate the build -out of high -performance Use of Proceeds computing pipeline”