Large borrowings to fund data center buildout
Company: Cipher Mining
The claim, verbatim
Cipher has taken on very large borrowings to fund its data center buildout, producing substantial quarterly interest expense.
Source (primary)
What Is Fueling Cipher Mining (NASDAQ:CIFR) Despite Heavy Debt? - Kalkine Media (-, news_article)
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Quote: “Cipher has taken on very large borrowings to fund its data center buildout, producing substantial quarterly interest expense.”
How we checked this
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Additional evidence
confirms What Is Fueling Cipher Mining (NASDAQ:CIFR) Despite Heavy Debt? - Kalkine Media
Quote: “Cipher has taken on very large borrowings to fund its data center buildout, producing substantial quarterly interest expense.”